People who are interested in currency trading are looking for you here.
www.ForexPractice.com
Practicing with Forex Practice is much more efficient than a using a standard demo-account.
Many brokers provide a demo-account in which you can trade using virtual money and practice trades without risking your real money. Demo-accounts show you the rates at real-time, quite like a real trading platform. You can definitely practice, but this is not the most efficient way to gain experience, nor assure that your strategy is profitable for the long run.
Forex Practice provides a platform which resembles a common real-time platform, except that it is fed by historic data. The term historic simply implies not at the moment. However, the data is actually of the recent year, and was 'real-time' not too long ago. Unlike standard demo-accounts Forex Practice allows you to control the velocity of the streamed data. The data can be streamed at a normal rate and reconstruct the market's exact behavior. It can also be stopped or accelerated at your choice, up to 1:60 ratio.
Benefits of using Forex Practice
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In a standard demo-account you can practice only when the market is open. Using our service you can practice any time, even on weekends. This is a real advantage for those who hold another career but want to practice without interrupting their main occupation.
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Actually, the day can be divided into three trading sessions or three periods according to the main market that influences the rates (the European market, the American, and the Asian). Rates behave with different characteristics at different times of day. Using our service allows you to practice the currency trading market at different hours without waiting for the actual times.
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Good practice is based on repetition. You try and retry until you systematically profit. In a standard demo-account you cannot repeat the same scenario twice. You never know when a similar scenario will occur again. Using our service you can try again and again and better understand your mistakes.
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The ability to control the velocity of the streamed data is one of the main advantages of our service. When the foreign exchange market is sideways and rates are stable, you can accelerate the streamed data. You don't have to waste your time waiting for the market to become more volatile. When the market is too volatile you can pause the streamed data so you can concentrate and calmly explore the chart taking all the time that you need. The result is gaining the experience of a day within an hour, and the experience of a week within a day. Estimate how much time you can save here.
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Program your own indicators and develop your own system using a JavaScript-like language. This powerful tool is aimed for advanced users who are not satisfied with the standard technical analysis indicators and tools. The scripting language is pretty simple and anyone who is familiar with any modern programming language can learn it in no time.
| Standard demo account | Forex Practice |
|---|---|
| Practice only when the market is open. | Practice any time, even on weekends. |
| Practice only the trading session available at practicing time. | Practice any trading session at any time. |
| You cannot rehearse. | Repeat the same scenario over and over until you fully understand it. |
| Practice at market's pace which is often too slow. | Practice at your own pace. Use your time efficiently. |
| Use only standard technical analysis tools. | Use standard indicators or program your own indicators using a simple script language. |
Good money can be made using forex day trading, but it is a risky way. If you are inexperienced trader you might lose your money. It is not as simple and easy as most brokers present. Practice efficiently with Forex Practice and gain relevant experience in a shorter time without risking your money and without wasting your time. You can become more experienced trader sooner.
We invite you to register for free.
