Do Forex Demo Accounts Use Real Market Information

Does a forex demo account use the live market the same as if I were to use real money?

Here are some things you'll need to find out to see if the broker is reliable or not:1. Spreads - Many brokers claim to have low spreads where in fact they don't. Don't bother to open a demo account and check the spreads. Open a live account but don't deposit any money. Check the spreads in real time and by how much they open during economic figures, especially the Non-Farm Payrolls.2. Margin requirements - Each broker may have different margin requirements for different instruments. Check this upfront with the broker.3. Leverage - Check the leverage to make sure it meets your needs4. Minimum distance - Check the minimum distance you can have form the market for stops, entry orders and take profits. Important!5. Margin call - Will you receive an alert when you are in a margin call? (relevant if you leverage too much)6. Margin stop out - By what % level will you get stopped out due to lack of margin? (relevant if you leverage too much)7. Negative balance policy - We all know what happened to many brokers because of the SNB and EURCHF. Check the brokers policy if your balance is negative.8. Withdrawals time frame  how long does it take to withdraw?9. Withdrawal fees - How much do you need to pay if at all for withdrawals?The journey of my investments

Is demo forex account legal?

I am not sure if my reply is relevant or not. I suppose it will be helpful for each person anyway.It does not matter:- whether you are experienced trader or beginner- have you already decided on your broker or not- what an exchange do you prefer and what kind of trading do you develop- if you train robots or trade independentlyThe right choice of a trading platform is very important for all traders.You can pick up and try any trading platform totally for free at this source: http://getanyplatform.com

How do I create a proof out of my demo account in Forex that could land me a job?

A demo trading account is no proof of trading skill. Why?Trading is not just about a trading method. It takes very little skill to implement a strategy in the market when you have zero skin in the game.Put real money on the line. A real P/L. Deal with the emotions that come from watching your real money account ebb and flow.Deal with missing out on a trade that goes for many pips without you on board and where you don’t take a revenge trade.Deal with watching price come to your stop and you not moving your stop further away and increasing your risk.There is so much in trading outside of the strategy that will determine your skill level.I highly doubt there is anybody that will take a serious look at you in terms of being a professional without you actually being live, in the game.There is a reason why people look at system developers and knock any sort of back test or demo trading. Because…it means nothing.That said, all hope is not lost. Show a real audited account and who knows where that will lead you.

I lost all of my Forex demo account money. Will they give me more?

Well that’s the whole point of trading using a DEMO account to start with! :) Besides using the demo account to get a ‘feel’ of the platform you’re trading on, it allows you to start gaining knowledge on trading itself.I started off simply on demo accounts before graduating onto a real, LIVE account. I don't know about you, but I’d rather make all of my mistakes and errors on a DEMO account than a LIVE one with my real money.But seriously though, most forex brokers have an easy feature to ‘top-up’ your demo account with more cash, mostly the same amount you started off with. So go find it, and VOILA, your demo account is topped up with some serious cash again. Now how nice would it be to have your real account topped up that way!Check out my LIVE trading videos on the link from my Quora profile to learn profitable trading strategies and sign up for one of the most well-known Forex brokers in the world today for FREE!If my answer has helped you out even a little, I’d very much be humbled with an upvote from yourself. Thank you !

How do demo trading accounts work?

“Almost” as real accounts, but there are few gotchas to keep in mind.First, all demo accounts are fed with huge capital, like 10k or something like that. In the real world you would likely use something smaller, like 2500, and that is important because of the margin requirements you are going to have. Margins block some of the money you have in your account as sort of insurance if the trades you did move against you. It is very easy to make deals with 10k since you almost never hit the margin requirements, but with 2.5k you surely have to consider it. Not all deals have margin requirements, but F/X(forex), shorts, selling options, etc. do.Second, some companies simulate the market after closing hours. The F/X market closes on Friday night (I think) and opens up again on Sunday morning, all the different exchanges have working hours (in Europe, in US, in Asia, in Australia, etc.), option exchanges in the US work w/ US market hours, etc; so, there are some companies that simulate the market in that time, just to provide you more trading time. This usually leads to “gaps” when the market opens and the real trading is resumed.Third, filling orders is executed instantly. In the real world this only works for “market” orders, and even then it is not always that fast. With “limit” orders you must wait to get filled at the price you want to do the deal.

I'm 19 and been trading in forex for a while with a demo account and it hasn't been bad. Is forex a good option for me as a student that can't work?

It is too early to tell. You haven't passed through the real money distress phase yet. Let me explain this to you. You're trading on a demo account. Therefore, you're not experiencing two factors: the behavioural biases that come with trading real cash; and broker frustrations (such as slippage). Every trader has to deal with behavioural biases. The psychology of a trader, I believe (and most professional traders will tell you), is one of the most (if not the most) important determinants of their performance. A new trader would typically struggle for some time to learn to manage their emotions and other psychological factors so that they do not interfere with objectivity. This is a very important and necessary phase which you have not passed through or seem to be aware of. It is as a result of this phase that many beginners blow off their accounts, and many give up. This phase always comes when you start trading real money (which for you will be soon). Also, you're likely to face problems with your brokers. But this is depending on the broker you use, as well as the type of account that you open. Dealing desks accounts are most vulnerable to broker manipulation. And this is the typical account type of the beginner, as they begin with little funds. Lastly, the reasons for you losing money may not always be behavioural. It may also be that your strategy is not working. Test different strategies and see what works. Make sure you recognize the effects of your behaviour on your performance, rather than attributing all losses to your strategy.The real world of forex is rough, but it's worth it if you come out strong. My advice is: Do this during your spare time. Don't put in money that you can't afford to lose. Open an NDD (non-dealing desk) account.Make sure your broker is reliable. Google their name and put the word 'scam' after it (e.g. Model Forex Scam). This will allow you see complaints about their services.If you'll be a day trader (leaving open positions for one a day/24 hours), try testing your skills on both high volatility hours (daytime) and low volatility hours (evening to nighttime). Some strategies work better during low volatility periods (e.g. range trading).Always be self-aware. Google about behavioural biases of investors to know what biases you may be suffering from that affect your trading. Consciousness of your behaviour will enable you take conscious steps to stopping any biased behaviour.