As forex trading gains more and more popularity, more and more people interested to try out this exciting source of income. But it’s difficult to just start trading without any preparation which is why there is a learning platform fxSimulator. And why should you give it a try? Because it is so helpful, reliable and precise that even successful brokers give it to their beginner clients to improve their trading skills.
Why should I use a simulator?
A lot of newcomers join the market every day as the trend grows. They have no idea what to do, how to read the chart, what signals to look for and what situations to avoid. They try to jump in at random, then lose all their initial capital and get discouraged because forex trading seems to be all about luck to them, but that couldn’t be further from the truth. There are many things to be learned about the market. Traders, beginners especially, need a platform to be able to understand those.
It’s okay to make mistakes, it’s how we learn. And that’s what makes the big difference between trading on the market using a real account and trading on a learning platform like fxSimulator.
Why it’s better than demo accounts
Many advantages come with using their platform, but without a doubt, one of the most useful ones for beginners is the time control option.
Real markets, even if you just have a demo account, have trading hours. The market opens in the morning and closes in the evening. But for most working people that means that by the time they get home and get some time to sit behind a computer, it’s already closing and on the weekends, it doesn’t even open at all. This limits casual and beginning traders to a time schedule.
However, when you use fxSimulator, you can trade at any time. You can pause the graph, fast-forward when nothing interesting is happening, jump forward or back in time, even restart the entire simulation when you want to start anew.
However, simply looking at a simple graph isn’t very helpful to a beginner. That’s why fxSimulator offers a wide selection of helpful indicators that help you understand the signals on an entirely new level.
On top of it all, you don’t run out of money, you’re not risking losing your capital, it’s all fictional – all except the market data, because they’re frequently uploading historic data so you’re sure you’re getting the real experience. Every single jump is exactly as it happened on the real forex market.
Free for as long as it suits you
By now you’re probably thinking that you know these deals. Surely, there is a short trial after which you either pay a lot of money or lose the product. That’s where you’re wrong.
Another great thing about fxSimulator is the fact that for as long as you’re happy with it, you can keep the free version. There are no caveats – no credit card information upon free registration, no time limits. The difference between their Free Plan and Pro Plan is a few extra features for more experienced traders and there is a lot to appreciate, but if you are a total beginner, you will be happy with their free plan before you decide to give something more advanced a try.
Want to learn more?
If you visit their website, there’s many more helpful lessons for beginning traders. They start from the very first steps of your trading journey like mental preparation and dedicating your time to starting an account. Then they provide you with helpful explanations about things such as news and signals – all the way to choosing your trading strategy.
They are constantly working on expanding this section of their website and you can definitely count on learning something helpful.