New to Forex
Practice Forex Trading
Placing your first forex trade
Now that you know what forex is and understand the basic concepts of forex trading, it's time to move on to learning the mechanics of trading. To get the most out of the video presentation on this page, we recommend that you register for a free practice trading account and download the FX Trading Station II (TSII) platform. That way, you can follow along with the video presentation and practice what you're learning. In the video presentation, we will show you how to:
- View live forex rates
- Place a forex trade
- Close a live trade
- Monitor your account balance
- Open a chart and add an indicator
- And more
The above educational video is for FXCM Standard accounts. However, account types referenced on this video and execution details may differ from existing account types offered currently by FXCM.
Free Practice Trading Account
Although demo accounts attempt to replicate real-time market scenarios, they are based on simulated market conditions. As such, there are key differences that distinguish it from a live account; including but not limited to, the lack of dependence on real-time market liquidity. The operational capabilities when executing orders in a demo environment may result in atypically expedited transactions, lack of rejected orders, and/or the absence of slippage. Additionally, updates to demo account may not coincide with those of live accounts.