Live virtual forex account

Often, you go to as a trader is currency trading and the ability to trade in one top currency pair or another.

In this respect, the XTB broker offers a choice of more than 45 forex pairs across both of these XTB account types. Throughout this article, we will explain what are the forex brokers where you can get the best demo account with NO time limitation and how you can get the most out of your demo trading account with all of the top forex trading brokers in the industry.

Top 10 unlimited forex demo account for 2021

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When you decide to begin in the world of forex, demo trading accounts are an important first step that you may decide to take when trying to choose from some of the best forex brokers around.

Starting out with a demo trading account is not just for beginners though, this is something you can use as an experienced trader to get to know more about almost any broker, how they operate, and the trading platforms that they offer.

Throughout this article, we will explain what are the forex brokers where you can get the best demo account with NO time limitation and how you can get the most out of your demo trading account with all of the top forex trading brokers in the industry.

What’s a demo account?

If you are not already aware, demo trading accounts are offered by almost all of the top forex brokers. This is a risk free way in which you can learn more about every broker as a forex trader or if you are involved in CFD trading.

These accounts are offered on a trial basis typically with an amount of virtual money that you can risk. This prevents you from possibly losing your own money while you get to know the trading platform of each broker in more detail. These demo trading account trial periods may be limited in terms of the duration you can use them, or they may also be unlimited. This decision is up to the particular forex broker.

As well as risk free trading in which you cannot lose your money, it is also a chance to find out more about the regulation of online trading under each authority and within the cfd trading or forex broker. This can be helpful in knowing what kind of leverage is available as well as other things such as how account types and funding methods work.

Within this top 10 demo trading account piece, we have collected a range of top brokers who offer demo trading accounts which do not expire, and who also provide access to a large selection of account types for you to choose from as well as trading platforms like the well-known MT4.

This, along with dealing in a range of assets and CFD trading in the likes of cryptocurrency and even copy trading demo accounts, can really help you to better understand the industry as a forex trader and the direction you would like to take.

Top10 unlimited forex demo accounts

The following are 10 of the best brokers offering exceptional unlimited demo trading accounts that we have reviewed and feel would be the best choice in your search for a well authorized and regulated broker.

1. XTB

Looking at XTB, the broker offers both standard and pro accounts for you to choose from as a trader. Both of these account types do come with a demo trading account also available. This demo trading account unlike some others, does not expire. With that said, it may be closed if you have not trading in a 30 day period.

Often, you go to as a trader is currency trading and the ability to trade in one top currency pair or another. In this respect, the XTB broker offers a choice of more than 45 forex pairs across both of these XTB account types.

The XTB spreads are also highly competitive starting from just 0.1pips on some major pairs. If you are more into CFD trading, then you can also sample this within the XTB demo trading account at no risk to your real money whatsoever.

There are more than 100 cfds to choose from in various categories such as indices, commodities, futures, etfs, and a selection of 25 cryptocurrencies to choose from. An XTB broker review will show that they apply a 0.08% fixed commission to every trade and then a possible $3.50 per lot traded commission which depends on the account type you select.

When it comes to trading platforms you can try out and that are available as part of your demo trading account, XTB offers MT4 and xstation. Finally, in terms of fees, the broker does offer some rollover-free accounts although not in every country so you should check with their support team particularly if you are a islamic forex trader.

With XTB you also have the chance to further your development by taking advantage of a strong educational infrastructure through videos, tutorials, webinars, and more to help you grow as a top forex trader.

Fxpro demo trading account

To access the fxpro demo accounts, you need to complete the registration form and provide us with some information, however, you do not need to upload verification document(s) or fund until you are ready to trade live.

A real account will be automatically created upon completion but to activate it, we will need to verify your identity and may need to confirm some additional details with you. In the meantime however, you can immediately open a demo from the ‘accounts’ page in fxpro direct, allowing you to utilise risk-free trading and bringing you one step closer to the start of your trading journey.

Real-time pricing

Up to 100k in virtual funds

Available for all platforms

8 base currencies

Top up via fxpro direct

180-day life span

Open a demo account

Opening a demo account through our fxpro mobile app is the perfect option, as after completing the registration, you can immediately start using the demo account, within the very same app!

Alternatively, you can open a demo account from your fxpro direct portal, for any of our platforms and account types. Please click here for a full comparison.

Compliment your demo account trading with our exclusive content & trader tools including:

Educational material

Fxpro.News

Calculators

Economic calendar

What is demo trading?

A trading demo or simulation essentially allows you to experience the market and platform features, using virtual funds and therefore without risk.

Why open a demo with fxpro?

New to trading? Our free demo forex accounts will allow you to practise and hone in your trading skills risk-free until you feel confident enough to trade live.

You can also make use of it as an experienced trader if you want to test different trading strategies.

Demo faqs

Although demo accounts present real market conditions and prices, please keep in mind that they are simulations and cannot always reasonably reflect all of the market conditions as during highly volatile or illiquid periods (e.G. Market openings, news announcements) they may not behave in the same manner as live accounts.

Margin and leverage settings may vary between your demo and live account and you should not expect any success with the demo account to be replicated in your live trading.

For this reason, it is strongly recommended that demo accounts are viewed solely as a learning tool for inexperienced traders or a place for testing new trading strategies.

Best forex trading simulator - virtual money

In this article, we will cover the best forex simulator software of 2019. You’ll find step by step instructions for how to choose the best simulator software, how to use simulators for day trading, and also how to test your forex trading strategy.

Using simulators will help you get rid of the bad habits and become a better trader. Simulated forex trading can be one of the most efficient ways to practice trading risk-free. Throughout this guide, you’ll learn how to gain live-market experience and discover the benefits of using a forex trading simulator software.

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To determine whether or not forex trading is for you, you need to engage in the markets and to do your due diligence before committing any real money into the game. Using real-time historical data you can reduce your learning curve and quickly determine if forex trading is right for you.

Simulated forex trading does present some issues. Often times, positive results on a demo account can translate into negative results in a live trading environment. This can make people question the validity of simulated trading.

However, the real cause behind this discrepancy is due to the lack of emotional involvement you get when real money is at stake.

Moving forward, you will learn what simulated forex trading is and how you can benefit from sim trading.

What is simulated forex trading?

A forex trading simulator is a piece of software that allows you to test your strategy offline using the historical data from the markets. If you have new trading ideas, trading simulator software can help you test them. This allows you to find what works and what doesn't, and eliminate any losing strategies.

While you might be working with a demo account, the market conditions resemble the live trading environment. You can open and close trades and modify orders the same way you would do in a live trading session.

The main advantages of using a free forex trading simulator are as follows:

Acts as a live trading environment.

Ability to backtest and forward test your trading strategy.

Implement new trading ideas to see if they work.

Risk-free account trading with all the functionalities and trading features of live trading.

Using a free forex trading simulator can help you learn the ropes to succeed in trading. If you apply the 10,000-hour rule of mastery to your trading, you definitely need a forex sim to practice your skills.

Before you start evaluating your current trading strategy, you need to make sure you use the right setup.

In the next section, we'll show you what to look for when comparing the key features of the best forex trading simulator software.

Best forex trading simulator

There are several important factors that every forex trading sim needs to be equipped with. At a bare minimum, it’s important for your simulator to satisfy the following requirements:

1. Live pricing feed

It’s necessary to ensure your simulator has a real market environment that streams live pricing data. Without live pricing data, you’ll miss the opportunity to examine your trading strategy effectively.

A live pricing feed mimics the spreads. This means when you run your strategy through a simulator, it will use the actual spreads found in the market.

This feature is more important than anything else.

Having real-time price data will ensure that your backtested results are accurate. This helps you determine whether you can rely on the simulated historical data found in the software.

This brings us to the next important feature that any sim trading software should have.

2. Forex trading simulator historical data

Secondly, you need to have accurate historical forex data that goes several months back. Not having enough historical price data to simulate the performance of your trading strategy will lead to unrealistic backtested results.

The best online forex simulators will provide you with historical prices. It will also provide you with the ability to browse historical quote data for your preferred currency pair. Aside from the end-of-day quote data, the database should also cover intraday quotes. No matter your trading style, be it day trading or swing trading, the best forex trading simulator will be able to help.

The historical price data needs to be in a clear format where you get the high, low, open and closing prices for the selected currency pair and selected time frame. In some instances, you can also get the tick volume information. If your trading strategy is based on volume, it’s vital to have access to the volume data.

Let’s move forward and see what other features your free forex trading simulator needs to have.

3. Flexible virtual money account

In our experience, traders fail to see the importance of using a virtual account balance. It's recommended to start with a balance close to the amount you wish to use in your live trades. If you can only fund your live trading account with $5,000, there's no point to use a $100,000 demo balance.

This has the potential to set unrealistic expectations that will lead to bad habits once you start live trading.

Simply put, ensure that the virtual money account you’re using to backtest your trading strategy is the amount you will fund your trading account with. This will also allow you to implement a more realistic risk management strategy.

This way you will have no issues when you transition to live trades.

When you start trading with a demo account, you don’t need to invest any real money. Make sure you pick a free forex trading simulator that has the minimum of trading features and tools to get you started.

Starting out with the world’s most popular forex trading platform aka metatrader4 might save you time in the long run.

Below you’ll find a step-by-step guide to use MT4 strategy tester

Best forex trading simulator – MT4 strategy tester

In this section, you’re going to learn how to backtest a strategy using the MT4 strategy tester. For this reason, we’re going to use a default strategy that can be found in the MT4 strategy library.

The first step is to open the strategy tester window by simply pressing CTRL+R or by clicking the respective icon found in the top toolbar.

Make sure you’ve selected the preferred time frame window and the appropriate settings. For the purpose of this example, we have chosen the following settings:

Expert advisor = moving average.Ex4 (the name of the strategy we backtest)

Symbol = EUR/USD (the instrument we run our strategy on)

Model = every tick which is the most precise method

Period = 1H (the preferred time frame to run our strategy)

Spread = current

We recommend playing with these settings over and over again until you discover the winning settings.

Once finished with selecting the settings, click on the start button so that the simulation can begin. You can check the results of the backtesting strategy under the report tab.

In the proposed example, we can notice that the default moving average trading strategy has produced a net loss of approximately -$400 during the tested period. This means that we’re not yet ready to jump into live trading.

We need to work more on our strategy and fine-tune the strategy parameters until you discover a profitable trading strategy that you’re comfortable to go live with.

Check out our guide how to backtest a trading strategy for more trading tips and tricks.

Conclusion – forex trading simulator

The goal of simulated forex trading is to filter out bad trading strategies and to optimize your trades to get bigger profits out of your trading system. The key to successful trading is to make the transition to live trading as soon as the simulation provides evidence that you have an edge on the market.

Find a forex trading simulator that's popular among other traders, and practice your trading strategy without the risk before you start trading in real time. Get the experience first, start live trading when you develop your strategy.

Sim trading is part of the process of becoming a profitable trader, and it’s the perfect environment to learn the skills of forex trading without losing money in the process. Also, check out our zero to $1 million forex strategy.

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Why live and demo forex trading show differences

In practice – often because of the lack of a real money commitment – results achieved from trading in a demo account can differ considerably from actual live trading results. Even if a person performs extremely well trading a demo account, their results in a live account often differ considerably. In general, this phenomenon tends to arise because when your own funds are at risk, a different trading mindset often ensues than when trading with virtual money.

This potentially significant difference factor needs to be taken into account by a trader when assessing the value of a particular trading strategy or the services of a forex broker they are testing.

The primary reasons that such differences can be observed between live and demo account trading tend to fall into two main categories: execution related and trader related. Each of these categories will be discussed in greater detail in the sections below.

The following potential causes for performance differences observed between live and demo account trading can be attributed to execution issues:

A forex broker may never requote a price to a demo account trader, but they might often requote live prices in actual practice.

The broker’s price feed and dealing spreads for demo trading may well differ from the pricing that is provided for live trading accounts.

The broker may execute demo stop loss orders accurately, but considerable slippage may occur in a live trading environment.

Broker errors that sometimes arise when trading can cost a trader considerable time, effort and even money when attempting to resolve them via the broker’s customer service department. Most traders would not observe or would ignore this phenomenon when demo trading.

Sometimes a broker will not offer their real trading platform for demonstration purposes. This can mean that the trader needs to learn and acclimate to a new platform when switching to live trading

The following potential causes for performance differences observed between live and demo account trading can be attributed to trader issues:

A possible lack of emotional commitment when no real money is at stake may create an unrealistically positive trading environment in demo trading that is not found in live trading when the trader’s account funds are actually on the line.

A trader’s failure to following their trading plan has no real consequences. As a result, a trader may develop bad discipline-related habits that can cost them money when trading live.

Traders might be tempted to overtrade or insufficiently evaluate risk when trading in a demo account. This behavior can then have serious negative consequences when they switch to engaging in live trading.

Demo trading benefits

Trading virtual money removes the psychological element from trading, so for this reason, it cannot accurately assess a person’s trading abilities. Nevertheless, virtual trading can have great benefits when testing the performance of a trade plan and also for trader education purposes.

When used as an educational tool, a forex demo account gives novices a risk-free start to trading in the forex market. In addition, strategies can be put to the test without assuming any risk, all in real time trading situations.

Overall, trading in a demo account offers a great service to novices that would otherwise have to learn using, and probably losing, real money. While the emotional rush of risking real money while trading may be lacking in demo trading, trading a demo account allows you to learn to watch the market closely and can help you get a better feel for how the forex market operates without putting any real cash on the line.

Consider using a micro account instead of demo account

To get around some of the aforementioned causes of performance differences between live and demo account, some traders have chosen to open micro or mini accounts with a forex broker, using a small amount of funds rather than funding their entire trading account right away.

This strategy allows them to test out the forex broker or trading strategies in a live trading environment, while not putting their primary account funds at risk of loss.

How to open a forex trading account

So after demo trading on at least three broker platforms, you’ve narrowed down your choice to a single forex broker?

After finding the right broker for you, you can open a forex trading account in three simple steps:

Selecting an account type

Registration

Activating your account

Why not? It’s all FREE! Make sure to try out and “kick the tires” of several different brokers to get a feel for the right one for you.

Choosing an account type

When you’re ready to open a live account, you have to choose which type of forex trading account you want: a personal account or a business (aka corporate) account.

In the past, when opening a forex trading account, you’d also have to choose whether you wanted to open a “standard” account, a “mini” account, or a “micro” account.

This is great for newbie and inexperienced traders who only have a small account of capital.

This provides you great flexibility, as you won’t have to trade bigger than you’re comfortable with.

Also, always, always, always remember: always read the fine print.

Some brokers have a “managed account” option in their application forms. If you want the broker to trade your account for you, you can pick this.

But is this what you really want? After all, you didn’t read through the whole school of pipsology just to have someone else trade for you!

Besides, opening a managed account requires a pretty big minimum deposit, normally $25,000 or higher. Also, the manager will also take a cut out of any profits.

Lastly, make sure you open a forex spot account and not a forwards or futures account.

Registration

You will have to submit paperwork in order to open an account and the forms will vary from broker to broker.

They are usually provided in PDF format and can be viewed and printed using adobe acrobat reader program.

Also, make sure you know all the associated costs, like how much your bank charges for a bank wire transfer. You’d be surprised how much these actually cost, and they may actually take up a significant portion of your trading capital.

Account activation

Once the broker has received all the necessary paperwork, you should receive an email with instructions on completing your account activation.

So all that’s left is for you to log in and start trading. Pretty easy huh?

Time to log in, pop open those charts, and start trading!

But wait just one minute!

We strongly advise you DEMO trade first.

There’s no shame in demo trading. Everyone has to start somewhere.

If you have been demo trading for at LEAST a month, then maybe you can dip your feet into live trading. Even then, we suggest you go in the shallow end and consider how much you want to risk.

Trading live is a different beast altogether. It’s like the difference between sparring against your kid brother (or sister) and fighting manny pacquiao.

If you start trading live without any demo trading experience, this is what usually happens:

But no matter how successful you were in demo trading, nothing can replace the feeling of having real money on the line.

And once you’ve started trading on a live account, never get too comfortable. Always remain vigilant and use proper risk management.

Otherwise, this might happen:

Demo trading account

Try our award-winning platform for free with a free forex demo account. Start developing your trading skills with IG.

Practice trading with $10,000 virtual funds

Experiment with trading ideas risk-free

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Open a demo trading account

Try our award-winning platform * for free and develop your FX trading skills.

What is a demo trading account?

A demo account is a simulated market environment offered by a trading provider that aims to recreate the experience of ‘real’ trading as closely as possible. This is so that you can get a feel for trading FX on our platform. The main difference is you won’t be at risk of losing any money, so you can explore and experiment with confidence.

When you open a demo account with IG, you’ll be given immediate access to a version of our online platform, along with a pre-set balance of $10,000 in virtual funds to practice with and access to IG academy.

Why use a demo account?

Traders will choose to practice trading on a demo account, because it enables them to get to grips with a platform, build their strategy and grow in confidence, without having to risk any real money.

Demo accounts aren’t just for newcomers. Experienced traders often like to use demo accounts to try out new strategies, tools or ideas, safe in the knowledge that they won’t result in any real-world losses.

You’ll often see demo accounts described as ‘paper trading’, which is the term to describe simulated securities trading. However, with an IG demo trading account, you’ll gain access to over 80 FX pairs.

A demo account will enable you to view all the FX pairs available to you with IG and get used to how they behave. You’ll be able to select the pairs you want to keep an eye on and set alerts so you can react instantly to any price volatility. The demo account will also help you navigate the IG platform, ensuring that you can read and analyze price charts, fill in the trade ticket and monitor open positions.

Alternatively, if you’re interested in using more advanced software, we also offer an MT4 demo account. This enables you to build your understanding of the metatrader4 online trading platform in a risk-free environment.

There is no difference between a demo trading account, trading simulator or paper trading account. All of these terms are just synonyms for the same type of simulated trading platform.

For your country of residence, you may wish to use <>.

Sorry we cannot open an account for clients with your country of residence through this site. Instead, please visit <>.

*winner of FX weeks e-FX 2019 award for best retail FX platform of the year. The FX week e-FX awards is a submissions-based process where companies are invited to enter the judging process. Awards are given by FX week judges, based on demonstrating innovative ideas implemented in a practical way for solving issues for clients.

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Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is not directed at residents of countries where its distribution, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

IG is a trading name of IG US LLC (a company registered in delaware under number 6570306). Business address, 200 west jackson blvd., suite 1450, chicago, IL 60606. IG is a registered RFED and IB with the commodities futures trading commission and member of the national futures association (NFA ID 0509630).

IG US accounts are not available to residents of ohio.

Demo trading account

Develop your trading skills on thousands of markets, and master our award-winning platform for free. 1

Practise trading with £10,000 virtual funds

Get exclusive educational content on IG academy

Test strategies on the go with our free mobile apps

Open a demo trading account

Develop your trading skills on thousands of markets, and master our award-winning platform for free. 1

What is a demo trading account?

A demo account is a simulated market environment offered by a trading provider that aims to recreate the experience of ‘real’ trading as closely as possible. This is so that you can get a feel for how different products and financial markets work. The main difference is you won’t be at risk of losing any money, so you can explore and experiment with confidence.

When you open a demo account with us, you’ll get immediate access to a version of our online platform, along with a pre-set balance of £10,000 in virtual funds to practise with.

Why use a trading simulator?

You can use a trading simulator, such as a demo account, to enable you to get to grips with a platform, build your strategy and grow in confidence, without having to risk any real money.

Trading simulators aren’t just for newcomers. As an experienced trader, you can use demo accounts to try out new strategies, tools or ideas, safe in the knowledge that your experiments won’t result in any real-world losses.

You’ll often see demo accounts described as ‘paper trading’, which is the term to describe simulated securities trading. With an IG demo trading account, you’ll gain access to over 17,000 markets, including:

As well as a range of other markets including bonds, rates and options.

A demo account will enable you to see the financial markets available with IG, and get used to how they behave. You’ll be able to set alerts on markets you want to keep an eye on, so you can react instantly to any price volatility. The demo account will also help you get used to the IG platform, ensuring that you can read and analyse price charts, fill in the deal ticket and monitor open positions.

If you’re interested in using more advanced software, you can also get an MT4 demo account with us. This enables you to build your understanding of the metatrader4 online trading platform in a risk-free environment.

Yes, you can practise stock trading and forex trading for free with an IG demo account. No need to create a separate forex demo account or stock demo account – you can trade both markets via a single login.

With an IG demo account, you can practise CFD trading and spread betting risk-free. These two products both use leverage, which enables you to gain full market exposure for just a small initial deposit. While this can magnify your returns, it can also magnify your risk – so it’s important to get to grips with how they work before you start to trade on live markets.

There is no difference between a demo trading account, trading simulator or paper trading account. All of these terms are just synonyms for the same type of simulated trading platform.

For your country of residence, you may wish to use <>.

Sorry we cannot open an account for clients with your country of residence through this site. Instead, please visit <>.

1 awarded ‘best multi platform provider’ and ‘best finance app’ at the ADVFN international financial awards 2020

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Spread bets and cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and cfds with this provider. You should consider whether you understand how spread bets and cfds work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

The value of shares, etfs and etcs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

CFD, share dealing and stocks and shares ISA accounts provided by IG markets ltd, spread betting provided by IG index ltd. IG is a trading name of IG markets ltd (a company registered in england and wales under number 04008957) and IG index ltd (a company registered in england and wales under number 01190902). Registered address at cannon bridge house, 25 dowgate hill, london EC4R 2YA. Both IG markets ltd (register number 195355) and IG index ltd (register number 114059) are authorised and regulated by the financial conduct authority.

The information on this site is not directed at residents of the united states, belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Why live and demo forex trading show differences

This potentially significant difference factor needs to be taken into account by a trader when assessing the value of a particular trading strategy or the services of a forex broker they are testing.

The following potential causes for performance differences observed between live and demo account trading can be attributed to execution issues:

A forex broker may never requote a price to a demo account trader, but they might often requote live prices in actual practice.

The broker’s price feed and dealing spreads for demo trading may well differ from the pricing that is provided for live trading accounts.

The broker may execute demo stop loss orders accurately, but considerable slippage may occur in a live trading environment.

Broker errors that sometimes arise when trading can cost a trader considerable time, effort and even money when attempting to resolve them via the broker’s customer service department. Most traders would not observe or would ignore this phenomenon when demo trading.

Sometimes a broker will not offer their real trading platform for demonstration purposes. This can mean that the trader needs to learn and acclimate to a new platform when switching to live trading

The following potential causes for performance differences observed between live and demo account trading can be attributed to trader issues:

A possible lack of emotional commitment when no real money is at stake may create an unrealistically positive trading environment in demo trading that is not found in live trading when the trader’s account funds are actually on the line.

A trader’s failure to following their trading plan has no real consequences. As a result, a trader may develop bad discipline-related habits that can cost them money when trading live.

Traders might be tempted to overtrade or insufficiently evaluate risk when trading in a demo account. This behavior can then have serious negative consequences when they switch to engaging in live trading.

Demo trading benefits

Consider using a micro account instead of demo account

This strategy allows them to test out the forex broker or trading strategies in a live trading environment, while not putting their primary account funds at risk of loss.

Open account olymp trade

Olymp trade account guide - learn how to open an olymptrade account to trade fixed time trades, cryptocurrencies and forex currencies: you can open a demo or a live trading account in one minute.

Open a live account with olymp trade and start trading fixed time trades, FOREX and cryptocurrency on one platform.

Create olymptrade trading account
free demo account olymp trade, on the balance $10000 link

Open account olymp trade from indonesia link

Broker	bonus	min deposit	payout	review	open account
	FREE DEMO ACCOUNT	$10	82% for standard, 92% for VIP accounts*	review	VISIT SITE

247 257 users made trades on a live account in the last month.

You can open an account with olymp trade from over 165 countries of the world, such as china, india, indonesia, philippines, vietnam, thailand, arab countries, spanish-speaking countries, brazil and others.

* note: if the built-in olymp trade registration form does not appear, CLICK HERE to open it in a new window.

OLYMP TRADE offers almost instant registration (e-mail confirmation). You can create an account, open a demo, live or VIP in one minute. Open an account at olymp trade. Log in to the olymptrade website or app, fill out the registration form, which will require your name, email address, phone number, preferred currency (dollar or euro) and a protected word that you do not use elsewhere. You must make a deposit to this live account before you start trading fixed time trades or forex currency pairs.

Free demo and standard account at olymp trade

Olymp trade clients can open currency positions, fixed time trades and trade various assets and cryptocurrencies on a live account with a deposit of $10 or more, as well as for free in demo mode. Experienced traders have the opportunity to upgrade to VIP status with a deposit of $2,000 and more and gain access to higher income, exclusive strategies, a personal manager and other privileges.

Demo account. This account is provided free of charge. You can easily register on the site using the link above and get 10,000 virtual units for free in your demo account.

Standard account (status starter and advanced). A minimum deposit of US $10 or equivalent in another currency is required to use this account + bonus of + 100% of your deposit. On this account, investors can open trades for at least $1, and the maximum trade for $2,000. The maximum possible profit that can be obtained in one trade is 80 percent * of the investment. When withdrawing funds, the minimum amount that can be withdrawn is $10 with no withdrawal limit. Withdrawal of funds takes on average from 1 hour to 1 day, with a maximum withdrawal time according to the regulations of 3 days.

VIP (status expert). In order to take advantage of the VIP status expert with a higher percentage of income, interested investors must deposit $2000 / or the equivalent in foreign currency + you will receive bonuses when you open an account. The minimum deposit is $2,000, the minimum trade size is $1, and the maximum is $5,000. VIP status expert provides beneficial advantages in online trading. Apart from higher income and faster withdrawals, VIP members can look forward to a number of perks. When opening a trading account and making a deposit, you will receive the help of a personal VIP-consultant, as well as you will be given access to leading financial analysts and other trading tools.

Open an olymp trade account today!

General risk warning: olymp trade is an online derivatives trading platform. Trading in derivative financial instruments brings a high level of investment income, but is also associated with the possibility of losing your investment. Before bidding, it is recommended that you familiarize yourself with the terms of trade presented on the olymptrade.Com website.

*if your deal wins, you get a profit of XX% of your investment.

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Tags: olymp trade account, live, demo, starter, advanced, expert, vip

Psychological differences of demo trading & live trading

Many traders notice a distinct difference in their live-account trading performance vs. Their demo-account trading performance. Yes, that’s right, you’re not alone here; almost every trader experiences a much easier time making “money” on a demo account than they do on their real money account. I have heard traders blame it on “dishonest brokers” trying to “manipulate” their trades, or even on changing market conditions after going live. The truth of the matter is that YOUR BRAIN is the culprit behind your trading success on demo and your trading failure once you move to live trading. Clearly, there is an important lesson to be learned here, so let’s dig into this a little deeper…

The reality of real-money trading

Let me ask you something, when you placed your first real-money trade did your heart beat faster? Maybe you broke out in a full-body sweat? These things are common when traders switch to real money trading from demo trading, because there is now real money on the line. To a certain degree it’s normal to get a little nervous on your first real-money trade, but in reality, if you are fully prepared for the mental battle of forex trading, you should have learned before trading with real money that there is clear and present danger of losing money in the markets. This fact alone should lead most traders to only risk an amount of money that they are fully prepared to lose per trade.

But, what we SHOULD do is not always what we actually DO. I am included in the camp of traders who did spectacular when they first started on demo and then suffered some big losses shortly after switching to real money trading. Only after I realized that the difference was that there was actually REAL money at risk that COULD be lost VERY QUICKLY, did I begin to slow down and focus on the trading, not the money. Shortly after I did that, my trading began to improve rapidly.

The reality is that most traders are not fully aware of the threat of losing money on ANY trade they take before they start trading live. As a result, once they enter their first live trade, they have probably risked too much money and once they see the market move against them, they instantly get butterflies in their stomach and do something stupid. Now, no one likes to lose money, but if you are going to be a speculator in the forex market, you better damn well be prepared to lose some trades and make a plan to deal with it. The market does not care about you, it doesn’t care about your kid’s college fund or your retirement fund, and it will happily take all the money you offer up to it if you allow it to.

Money talks

In their famous song “money talks”, AC/DC really put it succinctly…indeed, money DOES talk, and anyone who tries to say otherwise is simply a fool or in denial (check out the money talks video here, warning, it rocks pretty hard, I like to listen to this song while analyzing the markets). In fact, money talks SO loud that it penetrates through our advanced logical-thinking brain components and goes straight to our more primitive “fight or flight” components and stimulates them like an old man on an over-dose of viagra.

Indeed, enough money can make a man (or woman) do JUST about anything, and it is simply because MONEY = TIME, and our time is THEE most precious thing we have on this earth. So, one could say that when your hard-earned money is on the line, it is analogous to your days, months, or years being potentially shaved off of your lifespan…thus the emotion kicks in and your trading account goes to hell.

Did you catch that part above about “money can make a man or woman do just about anything…”? You see, while the market has the ability to take your money from you on ANY given trade, YOU have the ability to decide how much you are willing to let it take. So, you have to use this ability to your advantage. I firmly believe that the amount of money you risk on a trade dictates whether or not you become emotional, and emotional attachment to a trade is the fastest way to lose your money. Simply put, the more money people risk on a trade relative to their account size, the stupider their actions in the market become. So, you need to use this fact to make sure you are thinking as objectively as possible by not risking too much money for your account size.

I don’t care who you are; the most disciplined marine-sniper-body builder in the world is going to become an emotional wreck if they risk 50% of their trading account on any one trade, it’s just human nature. So, knowing this FACT, we have to indirectly control our emotions by first controlling our risk per trade. You see, controlling yourself in the market is a game that is conquered by preemption and by thinking BEFORE you act, not after the fact. You have to take into account your complete financial situation and really decide how much money you can lose on a trade and not become emotional as a result.

I suggest that traders sit down and map out all their finances before they begin trading with real money; from investments, to bills, to debt, map it all out and then decide how much “fun money” or disposable income you have left over. If you have any fun money then it is feasible to risk it in the markets, if you honestly don’t have any fun money then you should continue demo trading and learning and consider real money trading only when your financial situation improves.

The most valuable thing we can learn from demo trading

Is demo trading valuable? Yes. Should all traders demo trade with my price action trading strategies before attempting to trade them live? Absolutely. BUT, you should understand that there is ZERO emotion involved with demo trading, and so it can only take you so far and should not be used as a crutch. Once you have ironed out all the details of your trading strategy and have made consistent money with it on demo for about 3 months or slightly longer, it’s time to move to the big-boy account IF you have the “fun money” that I discussed earlier. If you don’t have the fun money then keep demo trading, but take your demo trading results with a grain of salt knowing that the emotion is ALREADY removed for you.

So, what is the most valuable thing we can learn from demo trading? Well, clearly it is that not having any emotional attachment to your trades is the easiest way to make money in the markets. So, since a demo account inherently removes the potential for emotion, you have to decide how to remove the emotion when you start trading live, and you need to do this BEFORE you enter any real money trades. So, how do you get the same positive results you experienced on your demo account while trading your live account?

How to trade your live account like it’s a demo account

So, since we experience no emotion on a demo account and generally have much better trading results, we need to emulate the sensation of having no emotion while trading our real accounts. However, this is a little more difficult than it might seem since the risk of losing money is always present on a real account. But, there are some “tricks” that we can use to keep ourselves calm and collected even while risking real money:

• accept that you will lose…don’t fight it – the first thing you need to do when trading a real account is to fully accept that you are going to lose sometimes. In fact, some professional traders lose around 50% of their trades, but due to risk reward and proper forex money management, they are still able to make a very good living. So, don’t fight the inevitable losing trades, instead, learn to work with them and accept them as part of doing business in the fx market.

• don’t risk money that’s not truly “fun money” – as I discussed before, never trade money you really need for anything else in your life. If you want to trade the markets you will have to have RISK CAPITAL….Just like if you start any other business you will need capital, so remember that forex trading is a business. The reason you made money on a demo account was because you felt no emotional attachment to your trades since there was no money involved…you can emulate this feeling by only trading with money you really don’t care that much about.

• one trade means NOTHING – one trade means nothing…in demo you assign no significance to any one trade because you do not have real money at risk. In real-money trading you do have real money at risk (obviously). So, to emulate the feeling of trading a demo account, you will need to reduce or eliminate the significance you place on any one trade by only risking an amount of money you are totally OK with losing. Before you enter any trade ask yourself out loud “joe, are you OK with losing this amount”, answer honestly and only pull the trigger if your answer is “yes”. (also, make sure you use your own name and not joe if joe is not your real name, otherwise people might think you are crazy).

Also, remember that your trading success is the result of a large series of trades. If you are winning 50% of your trades you could lose 50 in a row out of 100, but if you’re maintaining a risk reward of 1:2 or more on all your trades, you are still going to make a lot of money, even in the face of having 50 losing trades. (obviously that’s a pretty extreme example used only to prove the point that one trade is not that important in the grand scheme of things, you are extremely unlikely to have 50 losing trades if you are a patient and savvy price action trader)

• know what you’re doing before you risk your hard-earned money (time) in the markets – I can’t even tell you how many emails I get from people who clearly have no trading strategy under their belt and who clearly have no idea what they are doing, but are already trading with real money. Simply put, if you have not mastered an effective trading strategy like price action, you are simply doing yourself a disservice by risking your hard-earned money in the markets. If you are still unsure about what you are looking for in the markets, or about what your trading edge is, go back to the “books” and stop trading real money.

• pre-plan everything – finally, perhaps the “glue” of heading-off the emotion of real money trading lies in pre-planning all your actions in the market as much as possible. Certainly, there will be times when you need to employ discretion, mainly in exiting forex trades, but by and large you can map out what you are going to do before you enter the market, therefore there are no surprises and no knee-jerk reactions to whatever unfolds after you enter a trade.

The only real tool that you have in defending against the emotion of having your real money on the line is controlling yourself BEFORE you enter a trade. Do not jump into the market like a machine gunner, instead, learn to trade forex like a sniper. This concept of “sniper trading” is the primary trait that led to my success in the markets and it essentially means you need to preempt your trading entry, be precise in executing it, and then “strike” with confidence; don’t hesitate if you know what you are looking for. Trading like a sniper is the most significant factor that led to my success in the markets, and as a result, it is one of the most important things I try to drill into my students’ heads in my forex course. Maintaining a professional trading mindset, remaining patient and trading only the ‘high probability’ trading signals that form on your charts will enable you to make a seamless transition from demo trading to live trading.

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