Free Forex Demo Account

[DrMoney]

Free Forex Demo Account
If you are into trading or want to get into trading I recommend trying this out. Their system is easy, and You get to play for free. So Just check it out, and I think that if you really want to go ahead and get a real account, this would be a good place to start.

In Forex trading, numbers is definitely the main attraction. Numbers move up and down with time, and every second does count. The primary Forex statistics issue simply means buying a currency that is in a state of moving up. There is a need for the right timing in the exchange rates of currencies that a trader has set his eye on. To know this, it is important to have a good feel of the probabilities and possibilities of what’s going to happen.

Keeping your eyes fixed on the trends and patterns that happen on the market floor guarantees you a profitable position. A trader that does his homework, statistics wise, needs to closely monitor the trajectory of every particular currency with regards to their respective pairs.

Research is really essential if not the most beneficial key to being a successful trader. Forex trading using a margin to help you out is basically cutting your trading cost. With numbers, people sometimes prefer varied ranges of risk depending on which factor a trader wants to check. The trend is definitely your friend. The Forex market tends to go with the flow rather than another direction. Hence, a trader does have a higher chance of success in going with the established trend.

This Demo account, from my experience has helped me with all the anylytical stuff, and I think it can help you. Check it out.
Free Forex Demo Account

[Mega B]

Do you trade FX ??? and if so what do you trade i usually trade cable !!!

[DrMoney]

Ya if I trade I just choose the currency based around the dollar price for that day.

[Mega B]

Thats good then,i use CMC based out of London using the MarketMaker platform and as i say mainly trade cable and have been for about 5 years the beauty of a legal loophole in the UK tax laws permits us to trade and not pay any tax on what you win

[DrMoney]

wtf.

How does that work?
What does the law actually state? Investment's arent taxed?

[Mega B]

UK residents benefit further because your profits do not incur Capital Gains and Income Tax that is totally correct because it comes under certain betting laws which are tax free it comes under a legal loophole called spreadbetting,in the US and a lot of other countries you dont have access to that facility as far as i am aware this is the only country that you can trade FX doing this legally.

Here is the CMC link that gives all the information if you require to read it !!!

[DrMoney]

so, basically i need to move to england. Is that what your saying. =)

[Mega B]

Its a shame one cannot open a account from other countries but that is not allowed,it very much like i guess your online gambling laws in the US !!!

[DrMoney]

what about our online gambling laws in this great united states of america

[Mega B]

Online gambling - Wikipedia, the free encyclopedia i thought the US was against this type of thing.

[DrMoney]

Hm. I just want no capital gains tax.

[DrMoney]

hey u guys, cmon

[jasaunders]

Mega B is right. Trading foreign currencies in the UK is considered more like gambling, which it should be. Forex is much more gambling than investing. You can't invest in a currency when perfect information exists, there is minimal chance for arbitrage and currencies don't grow in value, they just fluctuate in a zero-sum game.

[Mega B]

jasaunders that is not the only thing we can trade all the major indices/commodities/and the top roughly 250 stocks in the UK and the some top stocks from the majot market around the world like Motorola and stock like that.And once again we can go long and short on all of these items.

[jasaunders]

I know. I was just referring to forex. The UK is one of the only ones who has is right when it comes to taxation on the trading of currencies for individuals, although I don't agree with gambling taxes at all.