IC Markets Demo Account

IC Markets Demo AccountDemo Account” is a reasonable and logical way to learn about Forex trading without risking money in the first place. If you are looking forward to kickstarting your FX journey and searching for a reliable broker, look no further than IC Markets demo account. It is a reliable FX broker that offers a demo account with features similar to real account including the automated Forex trading strategies.

The IC Markets Demo Account is available to the traders across two platforms namely cTrader and MetaTrader. Both of them are very popular and widely used trading platform types that allow people to understand Forex in a risk-free environment. The platforms are known for their expedite executions with a leverage ratio of 500:1 which is also ideal for experienced and high-risk traders.

To understand the Forex trade, there are ample free and paid programs, YouTube and Google searches that can help you start. In this case, it would be ideal to start your Forex journey with a broker having a good demo account to make your learning process fast and exciting without any inevitable errors. You will be able to understand the nuances of the Forex trading with due diligence and complete focus.

Where to Open a Forex Demo Trading Account

With US Dollar on the decline and ups and downs in the economy, investing in the Forex is an ideal way to make money from the rise and fall of different currencies. The FX market is open 24/7 where you can trade any foreign currency as long as you are having a decent internet connection and a good laptop.

If you are worried about jumping into the market straight away, it is always recommended to learn the art of trading with a demo account. Several brokers offer demo accounts with a validity period of 30 days or more. You will be able to trade just like real-time with profits, spreads and losses. The only difference is that you will be trading in a virtual environment with no real money.

How to Open an IC Markets Demo Account

How to Begin Trading with an IC Markets Demo Account

After signing up with your choice of broker, the next important thing is researching a few currencies. You need to review some charts and technical information that comes your way. You will find a little bit of difficulty in understanding the trading platform at first go, but you will get comfortable in a few days. We always recommend you to open a demo account before you deposit the minimum amount to open a real trading account.

Practice makes a trader perfect, and you will achieve perfection only with labour and diligence. XAU/USD is a favourite currency pair where XAU is gold and USD is the American Currency. The currency pair shows the rise and fall of gold concerning the dollar. Apart from XAU/USD, there are many currency pairs available in the Forex market that you can learn and start investing.

It is crucial that you understand the spread in details. Spread is the trade difference between the purchase and sale price and vice versa. Before entering the trade, you must get a basic understanding of spread because it will help you place stops or limits on your deal. The buying cost is always more than that of the selling price. So your contract will start in negative but is likely to become positive shortly. So don’t panic and focus on your trade with full concentration.

Don’t Forget to Leverage Your Trade

While choosing a Forex broker, you must pay attention to leverage. IC Markets offer a leverage ratio of 500:1 that allows getting higher returns on their trade. All the top Forex brokers provide high leverage to customers for getting profits on their investments. Demo Account is more or less similar to real account. You get to experience the real market by staying in a risk-free environment with virtual money. You may also read our IC Markets review before you open an IC Markets demo account.

Top10FX.net Editor

Top10FX.net Editor

Welcome to Top10FX.net. Follow this website for the most trustworthy Forex broker reviews and last minute financial trading news.

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