To learn how to trade the markets, new traders must practice before investing real money. Using a forex demo account lets anyone trade with real-world prizes but without using real money. Such accounts are a good way to understand how to read charts and experiment with different trading strategies. The good thing about demo trading is that you can use all the same tools and mechanics you will still encounter while trading with a real account.
Open your account
There is a misconception that forex is an easy way to make overnight riches. You can succeed in forex trading only if you have the discipline to stick to a working strategy. Poor money management is where most people struggle in their forex trading careers.
ATFX is regulated by the FCA, an authority that demands the highest standards of compliance. This means that you and your funds have the highest level of protection. Our adherence to strict protocols ensures security of your funds by using segregated accounts and ultimately gives you peace of mind. Spread betting is a unique form of market access available to U.K. Whichever route you choose you’ll experience lightning-quick fills through your MT4 platform and some of the lowest transaction costs in the industry. Margin is the deposit with your broker to control a much larger position size.
- Metatrader 4 (MT4) is widely regarded as the most popular and arguably one of the best trading platforms for traders.
- ATFX compies with all the strict regulatory requirements of the jurisdictions where our clients are domiciled.
- You’ll execute your trades through the MT4 trading platform, which is regarded as one of the best trading platforms on the market.
- Dive into our Quarterly Market Outlook, where you’ll find trading tips from experts, global finance outlooks, and insights into the trader’s mindset.
How to use your online trading account
- This straight-through processing ensures latency is kept low.
- Individual traders can look at functionality and ease of use when choosing which platform to install.
- The good thing about demo trading is that you can use all the same tools and mechanics you will still encounter while trading with a real account.
- Forex trading platform is an accepted software interface that lets traders access all the tools needed for order placement.
- You can use a fixed number of pips to set an exit price or a stop-loss every time you open a new trade.
- Further evolution involved highlighting the importance of technology when delivering our customer-centric strategy.
During demo trading, learn the important aspects of forex trading, such as fundamental analysis, technical analysis, and money management. Next up, ensure that your account is completely verified before you fund the account. Always confirm whether you are using a demo account or a live trading account every time you want to trade forex. You can then refer to the same strategies you perfected in demo trading to identify opportunities for your first trade.
To be on the right track, brokers recommend that beginners use demo trading until they are confident that they have developed a profitable system of placing trades. A first-time trader should not use real money to make their first trades or try a new trading system. Even very experienced traders use dummy accounts to experiment with a new strategy or improve on an existing one. They shift their activities to a live forex trading account atfx review only when certain. It starts with the New Zealand opening, followed by Australia, Tokyo, and London, and finally closing in New York. There are always investment opportunities in the FX market, if the investor is optimistic about the trend of a particular currency, they may go short/sell or go long/buy it.
MT5: a feature-rich and multi-instruments platform
Many investors trade forex only to make speculative gains, not necessarily physical ownership of the preferred currencies. For example, you can buy U.S. dollars if you believe the U.S. dollar will strengthen against other currencies. All the trading is done over the counter, meaning there is no physical exchange like in other markets. Trade the financial markets with ease and precision using the world’s MT5 trading platform. With MT4, you have access to a diverse range of chart analysis tools, including over 30 indicators and technical analysis tools.
Register for an account
If you want more from your trading, find advanced products, tools, and resources with ATFX. If you’d like to discuss your requirements to better understand which account to choose, feel free to contact our support team. They’re on hand to talk through all the options available to you. The account that best suits you will depend on your individual requirements and circumstances.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Please read the full risk disclosure on pages of our Terms of Business. The average daily turnover of the forex trading market is up to 5 trillion USD, several times more than any stock market in the world. The high volatility makes FX one of the most exciting markets for traders.
A browser-based portal is convenient for traders who want to access one trading account on more than one device. At ATFX, we believe there is a better way to trade the financial markets. With advanced technology, first-class products and services, and continuous education, we provide you with the best possible trading experience. Our customer-centric approach means that you come first, second and third on our priority list. To become a good forex trader, you first must master what currencies to trade and when to trade them. This requires consistency in training through a demo account.
Leverage allows you to trade a lot size that’s bigger than your deposit, but the margin acts as a guarantee to cover potential losses. Lot size is amount of currency you’re trading in a single transaction. Standard lot sizes are typically 100,000 units of base currency, but there are also mini, micro, and nano lots with smaller amounts. The value of a pip (pip value) is done by multiplying one pip (0.0001) by the standard lot size. Furthermore, it is not wise to measure success in forex according to how much you can earn in one trade. A longer-term perspective helps as you trade forex for small, consistent profits instead of making poor decisions while chasing one or two golden chances.
Forex Economic Calendar
Your trades are cleanly routed directly to the market as soon as possible without any broker interference. The ATFX live trading account provides multiple channels to access financial markets and offers exclusive advantages that improve your trading experience. For most brokers, there are clear menus to let you download the required forex trading platform to install on your trading station. You could however, choose to use the browser version of your broker’s trading portal.




