Want to open a forex demo account to start testing your trading strategies? We have developed an application so you can learn all about forex demo accounts.
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You just need to sign up and create one in a couple of clicks to get started. With it, you can get accustomed to a variety of features of the Forex trading platform and get familiar with the dynamics of the Forex market before committing any real funds. Practicing with unlimited demo dollars helps you better understand how to execute trades, as well as your risk exposure. While being equipped with all the real account features, it allows you to:.
We understand that new traders need time to get familiar with tools and market specifics, and we consider it very important to provide learners with demo accounts; the performance of inexperienced, new traders might be far from their expectations without prior learning or practicing.
Try your hand at trading virtual money
For experienced traders who wish to forward test or back test their strategies and practice their trading skills, our demo accounts offer even more, providing an unlimited balance and full support of various trading robots. Test trend following, breakout, momentum, and other strategies on your way to create the best trading plan. Although the OctaFX Demo Account does not involve real money, trading takes place in real market environment with actual trading and quoting data, as it is viewed in the real accounts.
MT4 web platform allows you to trade from any browser on any operating system with a well-known interface of a desktop platform.
Download MetaTrader 5
All major tools are available including one click trading and chart trading. MetaTrader 4 is highly customisable. It includes charting tools, market indicators, scripts and EAs, advanced risk management, real time market execution and more. Enjoy a complete set of trade orders, trading history, interactive charts and the widest variety of supported devices - all that is MetaTrader 4 for Android. Wherever you are and whatever you do, Forex will always be with you! Login to your account and have the opportunity to trade on Metatrader 4 from anywhere in the world via your iOS device.
Trade with the MetaTrader 5 web platform without installing or downloading any software application. You can trade on the Forex market with any browser and operating system with an internet connection. Access your trading account with MetaTrader 5 web platform right now. Download MetaTrader 5 and start trading with amazing functionality, technical and fundamental market analysis, Copy trading and automated trading features incorporated into this platform. If you are familiar with MT4 already, then upgrade your experience and start trading using our MetaTrader Genesis platform today.
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Over 80 technical analysis tools. Improve Your Strategy with a Forex Demo Account At GO Markets, we are big believers in providing our clients with education and market analysis to enable you to be as informed as possible before trading the currency markets.
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Already experienced the platform? Released in , the MT4 trading software became extremely popular with retail forex traders especially for its easy to use features and the ability to even facilitate automated trading by allowing users to write their own trading scripts and trading robots commonly known as expert advisors. For most online traders and investors, whether they are trading forex or CFDs Contracts for Difference on various financial instruments , MetaTrader 4, is undoubtedly a household name today.
Not only is MT4 considered to be the most popular online trading platform to access the global markets but it is also regarded as the most efficient software for retail foreign exchange trading i. Online or electronic trading platforms are computer-based software programs used to place trading orders for various financial instruments through a network with financial institutions e.
Online investors can trade on live market prices being streamed by trading platforms, as well as enhance their profit potential with some additional trading tools provided by these platforms such as trading account management, live news feeds, charting packages and can even use trading robots, also called expert advisors.
Until the s, financial transactions between brokers and their counterparties were still being processed manually, and traders did not have the possibility to access the global financial markets directly but only through an intermediary. It was also was during this time that electronic trading platforms started being applied to carry out at least a part of these transactions. The first such platforms were mainly used for stock exchange and known as RFQ request for quote systems, in which clients and brokers placed orders that were only confirmed later. Starting from the s, e-trading platforms that did not provide live streaming prices were gradually replaced by more developed software with near instant execution of orders, along with live price streaming and more enhanced client user interface.
The very first generation of internet-based foreign exchange forex trading platforms emerged in , making it possible for foreign exchange to develop at a much faster pace and for customer markets to expand. As a result, web-based retail foreign exchange allowed individual customers to access the global markets and trade on currencies directly from their own computers.
Although the first generation of such electronic trading platforms was basic software downloadable to computers and still lacking user-friendly interfaces, gradually new features such as technical analysis and charting tools were added, resulting in more enhanced attributes and also the option for these programs to be used as web-based platforms and on mobile devices e. Along with the introduction of online trading platforms, a rapidly growing segment of the foreign exchange market had also emerged, which involved individuals who could access the global markets and trade online through brokers and banks: retail forex.
This market segment allowed even small investors to access the markets and trade with smaller amounts. The demand for technically more sophisticated trading platforms kept growing, in particular for retail forex trading, and the need grew for individuals to trade the global markets directly. Released in , the MetaTrader 4 online trading platform was just the kind of software that made it possible for a great number of retail forex traders to speculate and invest in currency exchange and other financial instruments from virtually every spot of the world.
Currently, over half a million retail traders are using the MT4 platform in their daily trading practices, benefitting from its wide range of features that facilitate their investment decisions such as automated trading, mobile trading, one-click trading, news feed streaming, built-in custom indicators, the ability to handle a vast number of orders, an impressive number of indicators and charting tools. Automated trading is well known to online investors as a helpful tool to automatically process trade orders with extremely fast reaction time and according to a series of pre-determined trading rules such as entries and exits set up by traders by using the MQL programming language of MetaTrader 4.
Also known by the name of system trading, automated trading has another great advantage: as it carries out trades mechanically and based on the settings of traders, it excludes the emotional factor from trading, which may very often affect investment decisions negatively. The cutting-edge technology of the MT4 platform provides automated trading as its fully integrated feature, executing repetitive trading orders at a speed otherwise impossible with manual trading.
For many investors this saves up a considerable amount of time from the routine of market watch as well as trade execution. Backtesting i.
On applying proper backtesting, traders can easily evaluate and fine-tune trading ideas, which they can later apply in their own trading practices for better results. Effective as it is, automated trading is also a sophisticated method to trade the markets and as such it, mainly for beginner traders, it is advisable to start with small sizes during the learning process. Additionally, potential mechanical failures can also affect the outcome of trades carried out by the automated system, and many traders with poor internet connection are compelled to also manually monitor trades being handled by automated trading.
In order to exclude any negative factors such as slow internet connectivity, computer failures, or unexpected power cuts, the optical fibre connectivity based free MT4 VPS Virtual Private Server service of XM ensures smooth operations of automated trading and expert advisors at all times by allowing clients to connect to the MT4 VPS and enjoy seamless trading. Automated trading is undoubtedly one of the most popular features of MetaTrader 4. The fact that today automated trading on the MT4 software is also available for retail traders and investors is a huge plus, allowing trading not only on stocks but also on foreign exchange forex , futures and options.
The MT4 platform uses MQL4, a proprietary scripting language for implementing trading strategies, which helps traders to develop their own expert advisors i.
Forex Demo Trading Account
MQL4 encompasses a great number of functions that enable traders to analyse previously received and current quotes, follow price changes by means of built-in technical indicators and not just manage but continuously control their trading orders. The trading programs written in the MQL4 programming language serve different purposes and present traders with various features.
Expert advisors, which are linked to specific charts, provide valuable information to online investors about possible trades and can also perform trades on their behalf, sending the orders directly to the trading server. Along with this, by using MQL4, investors can write their own custom indicators and use them in addition to those already available on the MT4 client terminal. MetaTrader 4 was designed by taking into account all the requirements of the 21st century technology and thus it ensures flexibility at its very best, the core of this being mobility.
This is exactly why the MT4 mobile trading option allows investors to also access the trading platform, apart from their Windows and Mac operating system based PCs, directly from their smartphones and tablets. The MT4 mobile trading makes it extremely easy for online investors to follow the global markets at any time and from anywhere, place and execute orders instantly and of course manage their accounts even when away from their home PCs.
Additionally, mobile trading also provides a wide array of analytical options and the graphical display of quotes for proper account management. Since the MT4 mobile trading options are exactly the same for smartphones and tablets as for trading from table PCs, online investors can perform their trading activities at the same speed and with the same trading tools for best results.
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