How to Open < $1000 Demo Account ?

[piphunt 10]

I am new with Forex and I am trying demo, but in registering process, I only see > $5000 options (as attached), I learned it's wise if you trade demo with the fund you would invest in real. I don't have too much (<1k) but it's impossible now. Please help.

[mangolassi 11]

A simulation/demo account's purpose is to teach you the software, teach you how to place trades, teach you how to navigate the charts, etc. Don't try to stick there too long. After you learn the basics, and if you have been studying the markets long enough and have a plan ready, get out of the sim and use real money. Don't listen to people who think you should stick on the sim account for lengthy periods of time. 99% of trading is psychology and risk/money management. These two things go hand-in-hand, and you can NEVER learn this on the sim.

 

If you are worried about losing money, trade micro lots.

Edited August 23, 2015 by mangolassi

[DbPhoenix 42]

A simulation/demo account's purpose is to teach you the software, teach you how to place trades, teach you how to navigate the charts, etc. Don't try to stick there too long. After you learn the basics, and if you have been studying the markets long enough and have a plan ready, get out of the sim and use real money. Don't listen to people who think you should stick on the sim account for lengthy periods of time. 99% of trading is psychology and risk/money management. These two things go hand-in-hand, and you can NEVER learn this on the sim.

 

Simtrading is also the next-to-last stage of developing a plan. Therefore, the plan may not be "ready", but it may be close depending on how rigorous was the forward-testing.

 

If you are worried about losing money, trade micro lots.

 

If one is worried about losing money, he either needs to work further on his trading plan or avoid trading entirely.

[piphunt 10]

So how to set $500 trading fund?

[Dahan 10]

Less than $1000 demo acount, many broker provide $1000 demo, but you can check with their support team, but $1000 should be ok for most traders.