Does forex fit your investment style and your risk appetite? Esparza says a good way to find out is to open a free OANDA demo trading account, which comes with $100K of virtual money to use for practice. "An OANDA demo account gives you real prices and real spreads, but you trade without risking real capital," he says. "It's the same sophisticated trading system as a live OANDA trading account so it provides a good practice environment for testing out different strategies."Built with patented market-making and risk-management technology, OANDA's trading platform is unique for offering immediate execution (other brokers take two business days to settle trades), and flexible lot sizes (the ability to trade in single-dollar amounts allows more control over how much capital is at risk per trade). As well, OANDA provides a suite of free forex market analysis tools to help traders make more informed decisions.
What Investors Should Know About Foreign Exchange
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