Are you new to Forex trading and don’t know where to start? InstaForex’s research team has provided their insights for beginners and explains why you should start first with a demo account.
March 11, 2020 | AtoZ Markets – Forex is known to be a rather complicated thing but did you know it can also be challenging? Trading on financial markets requires special knowledge and skills. Warren Buffett, a well-known American business magnate, and investor once said:
“There is nothing wrong with a ‘know nothing’ investor who realizes it. The problem is when you are a ‘know nothing’ investor but you think you know something.”
So, even experienced traders need to constantly develop their skills and learn something new, not to mention the beginners. One would say that the trading field is immense – learning to trade on Forex is an arduous task. Indeed, it’s like exploring uncharted territories. However, practicing can be a great solution. Beginners can start on a demo account. This feature is widely available with the brokers nowadays.
Fast and easy start with demo accounts
Keeping up with the trend, InstaForex, an EU-regulated broker, provides its clients with access to demo accounts. We’ve wondered if there was something special about them distinguishing InstaForex from the others and referred this question to Aris Christofi, the Head of Dealing.
“We believe that perfect practice makes perfect traders. We want our customers to enjoy working with us and be satisfied with their trading results. That is why we give them an opportunity to enter the market easily and with no stress. Our trading conditions on demo accounts are similar to the real account conditions. The special thing about InstaForex demo accounts is the amount of initial deposit. Our customers can start trading with virtual EUR 100,000 without risking their real money. Thus, they can trade big volumes and get the feeling of being big market participants.”
Learn to trade on Forex with video tutorials
What else does InstaForex offer for beginners and those who want to learn more about forex trading? The broker’s website has a vast section For Beginners that provides a bunch of useful information about the Forex market in general, about technical and economic indicators, about the world stock exchanges.
It also tells how to distinguish patterns on charts and how to apply indicators. Moreover, we found a rather informative section with video tutorials providing an insight into such key notions as margin trading, working on the MT4 platform, placing trailing stop, and other. So, every trader, be it a beginner or a mature market participant, can find something useful in this section.
Providing a wide field for trade, InstaForex proves that it cares about the customers and tends to make their trading experience as positive as possible.