Quality Forex Education Resources

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Quality Forex Education Resources

• We leave the demo account charts running for
  audible alerts when we hit stops, profit targets,
  technical price levels and when certain technical
  indicators form. We also keep the Automatic
  Trading Systems that we utilize running on the
  demo. We seldom allow computers to automatically
  execute trades unattended with real money
  (although they can). We do let them execute the
  trades automatically on the demo accounts with
  pretend money and audibly alert us. We then check
  and see if we should also execute a matching live
  trade. The audio alerts also eliminate the need
  to be sitting in front of the computer 24/7 while
  a live trade is open, or while just waiting for
  the markets to do something that would require my
  attention. The alerts have also awoken me from a
  sound nap (it is a 24 hour a day market).

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• Another great reason for Forex demo accounts is
  testing. We test everything here at M 5 Forex. We
  test platforms, techniques, signals, strategies,
  counter strategies, trading systems and counter
  trading systems. We also back test everything. In
  fact we back test a lot, both long and short time
  frames on every imaginable indicator, strategy
  and currency pair. Even our veteran traders
  continuously test and back test the 150
  indicators available on the demo platform. With a
  market that changes as quickly and as often as
  the Forex market does, this is a necessity to
  remain profitable. The only thing easy about
  Forex trading is executing the trade. That just
  requires a click of the mouse. There is quite a
  bit of work before and after that click.

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• And the final reason I always keep the demo
  account running. I never - ever chart out my
  trading strategy on the same platform as the one
  where I execute the trade. And there is a very
  good reason for this. I do not want the broker of
  my live trading platform to see what I am
  planning on doing. Ok. I know. It's silly and
  superstitious. I know there absolutely no way my
  broker can see what I am plotting out on the
  chart on his platform. I also realize that even
  it was technically possible the breach of ethics
  and legal issues would prevent these honest
  business professionals from ever using such a
  thing. But I do not place future orders on the
  live platform. I will explain why in another
  article.

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• Mathew Murray is the current President/CEO of M 5
  Forex, Inc. M 5 Forex is the industry leader in
  retail forex trading. What is Retail Forex
  Trading? It's foreign currency trading for you
  and me. To learn more about trading currencies on
  the forex market visit us at to explore Tradeonix
  all the available assets to you as a retail forex
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