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Risk Warning: please note that Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone.
Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don't trade with money you can't afford to lose.
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Why Open a Forex DEMO Account?

Demo accounts are usually valid for 30 days, however check it with your forex broker.
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Forex Trading Demo - Develop your trading ability with a free forex trading demo account. Before you know it, you will be virtual trading at your own pace on a live forex demo account. This is one of the best ways to practice your trading
The forex demo is a fully functional version of the award-winning forex trading software, which includes real time forex rates, professional forex charts, forex news and commentary, as well as other important tools for forex traders. Forex demo accounts can be used on any computer. The trading platform can also be installed on multiple computers, so whether a forex trader is at home or on the road, he will always have access to the currency markets. Find out why our online forex trading system is the sensible choice for serious currency day traders and investors alike.

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How to Trade Using a Demo Forex Account

With no commitment or cost, you can open a Virtual Trading Account. The account has the full capabilities of a “real” account including live market rates, access to real-time market analysis, and the ability to execute trades from streaming prices. The virtual account (or Demo Account) gives you the ability to learn about the Forex markets and test your trading skills without any risk.

How to Trade Using Your Demo

Use your time to create a good working plan and to develop your strategies. Choose the right currency pair. Find out based on your risk parameters which currency is best suited for your trading style. Some may be too volatile and some too slow so decide which currency pair is most appropriate for your strategy and time frame.
Decide on how long you plan to stay in a trade. If you are an inter-day trader, what is the average time of your trade? – A few minutes, a couple of hours, a full day, or swing trade (couple of days to a week)?
Before you enter a trade, you should also have a clear exit plan. Place your stops and limits accordingly.
Know how much you are willing to risk and how much you are looking to gain.
Keep track of important news and technical levels, which may be tested within your time frame.
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