In order to become a competent participant in the FOREX market, or a professional trader, it is necessary to become familiar with basic trading strategies. The best way to acquire the necessary knowledge is to begin with demo trading, which Blue Isle Markets makes easy.
Being a novice trader does not mean you have to incur losses. When you move on from your demo account to our live platform, you can start trading with any amount at low risk. Blue Isle Markets does not limit trade volume. As you gain experience, you can increase the volume of your trading operations, taking more risk but making higher profits. The good news is that Blue Isle Markets utilizes the same data feed for our Demo Platform, as with our Live platform, so your experience will be real time, and not simulated to entice an unprepared trader.
3 easy steps to Forex trading:
Step 1. Training on A Demo Account
The first step of the training process is opening a demo account. With a demo account, you can learn how to operate the trading platform and develop trading strategies for an unlimited period of time, absolutely free with Blue Isle Markets. Even if you have no FOREX market knowledge you can test your skills as a trader on a demo account. All trades on demo accounts are virtual, but they provide the same conditions as those on live accounts. On a demo account you can open and close positions as if you are trading on the real FOREX market.
You can open as many demo accounts as you would like, totally free. While you are learning to trade, Blue Isle Markets would like to invite you to watch and learn from any of our 80+ educational program videos on FOREX Spot and OTC Options trading. We provide in depth training and analytical instruction from the most basic information to the most complex professional scenarios. All free for you.
Step 2. Live Account Trading
Once you have some experience trading on the demo platform, you can begin trading on a live account. As minimum trade volume is not limited, you will limit your risk: only you determine the volume of your investments, and we advise starting conservatively.
You will find that live trading allows you to improve your new skills even more than trading on the DEMO account. Trading with real money, however minimal the amount, gives you an even better understanding of true FOREX market activity, and allows you to prepare for the excitement of professional-level trading. You will soon learn why there are over 33 million FOREX Traders around the world. Enjoy the Ride!
Step 3. Professional Work
Once a trader has developed the ability to understand and recognize trends in the FOREX market, he or she can work independently, using trading strategies to profit from currency movements. A professional trader develops his/her trading style and chooses instruments that suit his/her strategy, and develops a profitable future.
Not every trader will reach this level, but Blue Isle Markets guarantees that our team will make every effort to help each client go forward and get professional support if any challenges arise.