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Just the mention of FOREX, foreign currency or commodity trading demo account trading sounds way too mysterious to even many seasoned stock investors. A funny thing happened in the college selection process for my kid.
After speculating where his future interest's for employment may land him a job, he touched commodity trading demo account the thought of investment commodity trading demo account. Not only for the college selection process, but also to see if he had a taste for investment banking to begin with.
T hat's where the Internet comes in. Electronic trading is nothing new. In fact, it's been around for quite some time. In the early days, much of the online trading was done in stocks and stock options. Every major commodity exchange now does some form of electronic FOREX, foreign currency or commodity trading online.
That's cool, but what's even better is that there are more and more brokers that allow you to open up free FOREX currency and commodity trading demo accounts online.
Now you can learn how to trade an actual market using "Monopoly" money. Most accounts give you a starting "virtual account balance" of 10K to 50K, depending on the broker you use.
O pening an account is easy. I'll provide a list of companies I've used in a minute, but basically, all you need to do is fill out the online form to get the account opening process started. You'll receive a confirmation email with account number and password information and instructions on downloading some software.
The software contains the files for the trading interface for that particular broker. Once you have everything set up, it's off to the races. Depending on the commodity trading demo account hours of the demo account, you can literally start trading in minutes. I f you're totally clueless about what to do next, all these brokers have online commodity trading demo account on trading and how to use the interface.
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