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 simulated Forex trading, 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!

Leave Forex Game and return to Forex-Trading-Beginner homepage