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Monday, March 9, 2009

DEMO ACCOUNTS

These are available so you can practice without the chance of losing any capital.

In Forex Trading, there is a bid price and an ask price, and the difference of the two is called the spread. The bid is the price at which buyers are willing to buy, and the ask is the price that sellers are willing to sell at any particular time.

The prices are always 5 digit numbers, and it doesn't matter where the decimal is placed. For example, GBP/USD (British Pound) has a bid price of 1.3745 and an ask price of 1.3748, thereby yielding a 3 pip spread.

1 comment:

  1. Fortunately, in retail, FX traders can test out each platform using demo dollars. www.fxcc.com

    ReplyDelete

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