Forex Game

When you hear the term forex game, it can mean one of two things.



Sometimes people talk about “being in the game” as a bit of a macho way to brag about the fact that they trade in foreign exchange.

The other context refers to which is an extremely wise idea indeed.

Many people, myself included, keep a simulated Forex account as a way to hone and train their Forex skills by trading the markets without risking any real money.

The way I trade is, when starting out, I trade my simulated account (I call it a demo account) from $5000 to $10000. This can take months. Only after I’ve made $5000 of pretend money, and I’m consistently making 50 pips per week, will I risk any real money.

I keep my demo account open, and if I make 3 losing trades in a row on my real account, I go back to the demo account until I make 3 successful trades in a row. This keeps my skills fresh and is a great way of preserving my capital!

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