Connect with us

news

5 Benefits of the Free Forex Demo Account

While business provides unlimited possibilities of profiting, risks are also likely. Trading through online platforms such as Forex market is no odd to this rule as poor business strategy and lacking knowledge may send you into deep financial troubles. However, as a new Forex trader, there is a perfect way of familiarizing yourself with various…

Free $100 Forex No-Deposit Bonus

While business provides unlimited possibilities of profiting, risks are also likely. Trading through online platforms such as Forex market is no odd to this rule as poor business strategy and lacking knowledge may send you into deep financial troubles. However, as a new Forex trader, there is a perfect way of familiarizing yourself with various trading aspects in Forex without losing your money.

Forex demo account is an online trading practice account that not only provides a simulated risk-free trading environment but also gives the new investor trading experience.

With Forex demo account you will be able to access exclusive trading tools for free. Whether you want to test your trading strategy, place an order, manage existing trade positions or even networking with different brokers, then the free demo account will give you all this services freely.

Benefits of Forex Demo Account

As a new trader or beginner in Forex trading platform, it is highly advisable to test you trading skills through a Forex demo account before investing real cash in live accounts.

There are various benefits of having a forex demo account and we have discussed them in details below. Sit back, take you coffee and as we begin our count.

1. Tests your trading strategy

Demo account helps a trader to develop, improve or optimize trading skills. How is this achieved? It is pretty simple. Let us take an experienced Forex trader with a reputation of profits gains. Such traders do have some secret which has enabled him or her stay strong in the market. This secret is what we refer to as a strategy.

While you think you have some good business strategy, it is highly recommended you first put your practice in a risk free trading environment preferably the Demo account . Traders can do all the tweaking, variation or testing of strategies without losing money.

Also read: Practice Online Currency Trading with a Forex No-Deposit Bonus

2. Risk management

Business is a no child play and risks are real. The forex trade risks are the financial loses that do happen due to various market factors. While some of these risks may be due to natural factors, others may be due to common mistakes done by traders and thus may be avoided.

Not that all traders who venture into Forex will meet there expectations, in fact a very small percentage of investors will make or surpass their expectations.

With the Demo account, the likelihood of facing such risks is minimized. For instance, you will learn through the demo account that assets, money streams and liabilities are greatly influenced by the exchange rates and thus when you put live cash into the platform you can be keen on such matters.

Also Read: 10 Best Money Management Tips for Forex Trading

Some traders will be emotional when they are dragged into a loss and they may fail to try to learn where they went wrong and instead they take all remaining amount and put into the investment. With Demo account you will be able to learn how to control emotions in real account.

3. Free trading

Opening a demo account is absolutely free. As if that is not enough, operating this account is also absolutely free. You can do virtual trading and test your trading practices while monitoring your performance. The cash you use in the Demo account are virtual dollars.

Some Forex traders will feed data from their live accounts into virtual accounts hence you will be given that feeling of real trading environment. You will also familiarize with different aspects of trading.

4. Offers a variety of news feeds

Fundamental factors do change every time in the forex market and thus a good trader should always have the latest news on the market performance. Amazingly, Forex demo account provides a range of news feed from professional sites that include Reuters, Associated Press and Bloomberg.Access to such sites improves your trading techniques before venturing into the live accounts.

5. Networking with different Brokers

Demo account gives you an opportunity to interact and meet different brokers. You can test as many top rated forex brokers as you wish.

It is advisable that while in Demo account, try to find a broker whom you will be with in the live accounts so that Despite the new factors such as spreads/swaps and order levels in the live account, the trading condition will remain the same as you will be familiar with your broker.

In summary, the free Demo accounts in the Forex offer a good chance for the new traders to test their skills. You can make mistakes but your money will not be lost.

Traders who begin from the Demo Account will always perform execellently once in the market.

Continue Reading
Advertisement

news

Online Trading platform SIRIX

best-forex-demo

SIRIX|  Online Trading platform SIRIX Review

[yasr_overall_rating]

Everyone that has been trading for some time has most likely traded on the metatrader 4 trading platform of metaquotes. This has been the standard in the industry for the last couple of years.

 

But more and more brokers Like CMSTrader and UBCFX are offering alternatives that might suite certain traders even better then the MT4 as they have a lower learning curve and are designed more intuitive.
One of these platforms is the Sirix Trading Platform.
The Sirix Trading platform is

Sirix, a fully packed trading software with numerous with numerous options and special indicators that are designed by the software company to present you with a personalized trading experience.

Positive features and benefits of the Sirix Trading Platform

Ease of Use: if you are a trader you will be able to access your Sirix trading platform and see all your trades and other information at any place and time. The Web-trader is a fully function trading platform that does not require you to do any download. This has more or less become the norm of the industry and if you for example take the Sirix Trading platform of LegacyFX you will be able to have a download desktop version, a web version and a mobile version.
these in general all have the same functionalities but of course is the mobile version a bit more limited due to the smaller screen real estate.

Indicators and Options: this platform provides build I more than 50 Indicators which for most traders is over kill but it does allow most traders to find the right indications to match their trading behavior and trading strategies.

The Charting Package that Sirix provides is easy enough to understand and gives you as a trader all the information you need, there are different time frames that in combination with the ability to display lines and annotations make this platform feel like it is designed for you.

Social Trading: Sirix has a full feature social trading module that allows you to watch the trades of others which might give you new insights and trading ideas. If you come a across a trader that is particular successful you are able to copy that traders’ trades and create a full automated copy trader,
You as the trader are still in charge and you have the option to trade with lesser or higher amount then the trader you are copying.
In order to use the social trading, you have to open an account with their social trading community.

This can only be done by using a nickname an order to protect you identity. When you are part of the community then you are part of all the brokers that offer this feature to their traders. Meaning you are able to follow a trader that is trading with 12trader while you are trading with account from UBCFX or any other broker that has Sirix.

Now I have to mention that if you look to only trade social then the Etoro Platform is still a better solution s this system is built only for social trading and they have pretty much defined the concept.

 


Sirix Crypto Trading Platform

this is the latest platform that was launched by Leverate.

it focuses , just like the name says more n the trading of cryptocurrencies.

as this company understands that this is the direction where the market is going and more and more traders are asking for trading in Bitcoin or ripple trading to just name a few they have added this feature to the Sirix Platform , this means that every broker that has the sirix trading platform is in theory able to offer trading in cryptocurrencies.

in addition they have launched also a platform that is only trading cryptocurrencies but that will be another review as i have yet to see and play with this system


Conclusion
The Software company Leverate has created a very user friendly platform with inbuilt social trading and news functionality. When they launched this platform in 2012 it was already a good platform but today it rivals the best of them easily.

The Intuitive aspect of this platform is one of the key features and makes the threshold of trading lower for newbies. There is also a fastn amount of Sirix Tutorials out there that will help even the total beginners with the Sirix Platform

Now of the traders that need bots and more indicators then there sis still nothing that beats the metatrader 4 trading platform but for many traders Sirix offers more then enough and makes the trading experience easier then with MT4.
More and more brokers are offering this alongside their other trading platform so you as a trader will come across more and more brokers that have the Sirix Trading platform in their arsenal.

These are some of the Best Broker for trading on Sirix

UBCFX
LegacyFX
12Trader
CMStrader

Continue Reading

news

Who Will Speak at Blockchain & Bitcoin Conference Stockholm?

Who Will Speak at Blockchain & Bitcoin Conference Stockholm?

Bringing DLT Specialists Together:

 

 On September 11, Sweden will host Blockchain & Bitcoin Conference Stockholm organized by Smile-Expo – international coordinator of business events.

The conference will introduce various topics regarding blockchain and will drive attention to the most topical problems of the cryptocurrency market today.

Key speakers:[yasr_overall_rating]

One of the invited experts is the Member of Swedish Parliament Mathias Sundin who is involved in the Tax Committee and the Finance Committee. The specialist has co-founded a revolutionary technological organization Warp Institute and joined financial company Goobit. At the event, the speaker will analyse the power of decentralized systems, evaluating its long-term strenghts.

Head of Digital and Innovation at Landshypotek Bank Merete Salmeling will deliver the presentation, too. She will explain how DLT can be integrated into the real estate, and what advantages it brings.

President of Blockchain Alliance Europe Tanja Bivic Plankar will join the conference as well. Being an initial coin offerings expert, she will share knowledge about ICOs, describe recent innovations in the token sale sphere and talk about the regulatory framework.

Meet the speakers at the Blockchain & Bitcoin Conference Stockholm

Regulatory and legal challenges coming with innovations will also be discussed by Dr. Guenther Dobrauz-Saldapenna – Partner & Leader PwC Legal Switzerland. The speaker is a lawyer, VC investor, and banking specialist. He provides business consultations and has already written 10 books discovering innovative processes, money and technology.

See the full list of Key speakers here

Blockchain & Bitcoin Conference Stockholm is the second crypto event in Sweden carried out by Smile-Expo. The company has already held 40 successful crypto conferences in 25 countries.

Use an opportunity to meet leading DLT specialists, ask questions and learn new topical information about the blockchain industry at first hand at the conference!

Blockchain & Bitcoin Conference Stockholm

Details of the event and registration are available on the official website of Blockchain & Bitcoin Conference Stockholm.

Continue Reading

news

Go Visit the Blockchain & Bitcoin Conference Stockholm

Go Visit the Blockchain & Bitcoin Conference Stockholm

The Blockchain & Bitcoin Conference Stockholm is a highly anticipated crypto event in Sweden.  and is being held for the second time.

after the success of the first one they look to make this event a annual one.  since the crypto industry is going more and more out of the shadows and becomes more mainstream you will find that the quality of people involved also grows.

this is clearly displayed in the extensive list of speakers at this event.

Event goals:

bringing together the international business community in order to share their experience of integrating blockchain and cryptocurrencies; discussing blockchain industry issues and finding ways to solve them; encouraging a balanced growth of the cryptocurrency market.

Conference topics: 

  • blockchain in various sectors: energy industry, real property, newsmaking etc.
  • Legal regulation of the blockchain sector
  • token models and their application
  • ICO regulation.

Speakers:

the list of world-renowned blockchain experts, including government officials, foreign investors, entrepreneurs, lawyers, and developers is impressive and should get this event the notice it deserves.

Meet the speakers at the Blockchain & Bitcoin Conference Stockholm

who should not miss this Event :

investors, business people, lawyers, startup founders, and those aiming to launch a token sale.

why should not miss this Event :

:to receive full information with case studies about the blockchain application, to discover how to comply with the legal norms in the blockchain industry, to find business partners, and to enhance your brand awareness.

Prices of the Event

Standard ticket  – 240 EUR

  • Full access to all conference sessions
  • Access to demo area
  • Сoffee breaks
  • Speed networking

Student ticket – 121 EUR

  • Full access to all conference sessions
  • Access to demo area
  • Сoffee breaks
  • Speed networking

A valid student ID should be presented at check-in. No refunds on the day of the event.

Buy Your ticket Now


Blockchain & Bitcoin Conference Stockholm is a part of the series of Blockchain World Events held in 25 countries. The organizer is Smile-Expo International Company.

events around the globe

Continue Reading

Trending