Free Online Trading Simulator
Learn how to place your first trade in the financial markets with our MT4 trading simulator tool for beginners.
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Welcome to the MT4 trading simulator!
Learn a few of the basic features of MT4 and how to place a simple trade. With our step-by-step guide, even beginners can quickly start their trading journey.
Welcome to the MT4 trading simulator!
Learn a few of the basic features of MT4 and how to place a simple trade. With our step-by-step guide, even beginners can quickly start their trading journey.
How to use our free trading simulator
Welcome to our free trading simulator, designed just for you, the ambitious new trader! Make sure to bookmark this page, as it's the first step in your journey to trading success.
We understand that entering the trading world might seem daunting, and that's why we recommend starting with our simulator. Just like learning any skill, practice makes perfect. Our trading simulator (paper trading simulator) mimics real-life market conditions, allowing you to trade with virtual money and no real-world consequences. This way, you can get a feel for trading without risking your hard-earned cash.
Here's how to use the simulator:
- Click through the explainer steps to understand more about where your trade orders go once placed.
- Continue until you reach stage 4 - this is where you can place your first practice trade.
- Watch as your first trade appears under your "order" tab.
- Now, close the trade you just opened, also done under the "order" tab.
Once you've gained confidence using our trading simulator, level up by creating a demo account. This risk-free environment allows you to further hone your skills and place trades in a safe, controlled setting. With a demo account, you'll be well on your way to mastering the art of trading.
Ready to take the next step? Start your journey with our free trading simulator and unlock your trading potential.
What is Metatrader?
Metatrader is a trading platform that is very popular and easy to use - every day, millions of retail traders use Metatrader 4 to execute trades. Traders all over the world use it. It has advanced trading features and a variety of tools that help traders analyze financial markets, make trades, and handle risk well.
Metatrader lets you trade forex, stocks, commodities, indices, and cryptocurrencies, among other financial instruments. When you want to start trading with real money, you must open a real brokerage account with the chosen brokerage firm; the broker will then give you access to MT4 or MT5 to trade with.
These trading platforms provide traders access to real-time price quotes, tools for technical analysis, and customizable indicators that help them make smart trading decisions. Metatrader also lets traders use automated trading strategies with its Expert Advisors feature, which enables traders to create their own algorithms and have trades made automatically based on conditions they set.
Unlike some other paper trading platforms, we give beginner traders the chance to practice simulated trading on one of the most used trading platforms - the MT4.
How can our trading simulator help you improve your trading skills?
Embarking on your trading journey can be both exciting and challenging. To support your growth, we offer a trading simulator as your first step into the world of trading, followed by a risk-free demo account to further develop your skills.
Here's how our trading simulator and demo account can help you improve your trading skills:
- As a beginner in the world of trading, it's crucial to build a strong foundation and gain confidence in your abilities. Our trading simulator, designed to mimic MetaTrader, is the perfect first step to help you get acquainted with the platform and practice your trading skills in a risk-free environment.
- The demo account offers a more in-depth experience, closely mirroring the real market in a risk-free environment. To be successful in trading, it's essential to understand market volatility, liquidity, and price action before risking your capital in live trading mode.
- A demo account allows you to experiment with various investment strategies, trading ideas and approaches to the market without worrying about losses.
- Utilizing these tools is an invaluable resource for developing professional competence in financial markets. The virtual nature of both platforms means there's no risk in trying out new trading methods, instruments, or risk management tactics.
- Together, the trading simulator and demo account help refine your abilities, boost self-assurance, and shape your unique trading style.
Are you ready to enhance your trading skills? Start with our trading simulator and then transition to a demo account for a comprehensive learning experience. Unlock your full trading potential today!
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Additional resources
If you’d like to learn more about the basics of trading and start your trading education, then check out our free courses. Here we will teach you the very basics of trading all the way up to the most advanced techniques.
Go to free courses