Experienced traders often like to use demo accounts to try out new strategies, tools or ideas, safe in the knowledge that they won’t result in automated forex trading system any real-world losses. You’ll often see demo accounts described as ‘paper trading’, which is the term to describe simulated securities trading.
However, with an IG demo trading account, you’ll gain access to over 80 FX pairs. A demo account will enable you to view all the FX pairs available to you with IG and get used to how they behave. You’ll be able to select the pairs you want to keep an eye on and recovery ea mq4 set alerts so you can react instantly to any price volatility. The demo account will recovery ea mq4 also help you navigate the IG platform, ensuring that you can read and analyze price charts, fill in the trade ticket and monitor open positions. Alternatively, if you’re interested in using more advanced software, we also offer an MT4 demo account. This enables you to build your understanding of the MetaTrader4 online trading platform in a risk-free environment. What is the difference between a demo trading account, trading simulator and paper trading account?
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