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Simulated Forex trading is another great benefit when it comes to trading the Forex Market. Basically it allows you to trade a simulated version of the live Forex market, giving you the complete functionality of an online Forex broker. You get to use the real charts and see the live price data as it happens. As you place trades your demo trading platform also manages all your trades, orders and accounts in real time!
You don’t get this type of functionality trading equities.
This means you will experience the Forex market from the comfort of your home and have access to the data that every professional trader gets to see. Access a free simulated Forex account now.
The problem with using simulated Forex trading
Using a simulated Forex account is great to get you started and to let you learn the ropes, but the major problem with a simulated account is that it is difficult to feel the emotion of the market and to understand how you would react if you had real money riding on the trade.
What I mean is that you don’t learn what it’s really like to wrestle with greed and fear as the market plays out before you. You could put on a huge trade, let’s say $1,000,000, and if the market goes your way you could end up “making” thousands of dollars. But would you do this in real life with the risks that are associated with a trade like this?
You could also end up “losing” thousands of dollars but you would not experience the emotion of fear as your money drips away.
Read more about simulated forex trading on www.forex-tradingtraining.com
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