Currently, I am using 2 platforms for my paper trading, which I feel are quite nice and so I thought I will just share with all here.
First in the line is the MetaTrader 4 platform from InterbankFX. This is the platform that was introduced to me by FX1 Academy. I like the way the orders are entered. You will always be working on the same order once you entered one. Let’s say I have entered a order line. To add the profit target and the stop loss prices, I will right-click on the same order line and add those prices from there. There is no confusion because there is only a single order line throughout. Very suitable for forex beginners!
To install the platform, you can register here and they will email you the instructions to download the installation file. Alternatively, you can download the MetaTrader 4 installation file directly from here. Installation is just clicking next, next, next
After starting the platform, you will be prompted to create the demo account.
You don’t have to enter real data here. Some fictitious one will do. It is a demo account anyway. After which, you can start paper trading forex!
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Hi JMOT.
Can you trade FX with your IB account?