Tuesday, January 13, 2009

What is a Forex Practice Account?

A Forex practice account is a game or simulation of the market and is a good place to practice without risking real money. These accounts should be free, if your broker is trying to get money out of you for one just say no thanks and find another broker.

For the most part these accounts will last for about a month, some are longer some and some are shorter. It just depends on the broker you choose to open your account. Some brokers will actually let you continue to use the account for a longer time. It just depends on who you talk to.

Why would you want to use one? Well like I said before it’s a good way to practice without losing out on your own money. It’s also a good platform to develop and learn strategies that work for you in the market. In the demo account you can take some risks and see what the outcomes are so when you are in the real market you will know what to expect.

[Why ForexGen]

1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.

We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support.
We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus.
Let [ForexGen] prove to you that you have taken the right step by choosing our partnership.

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