Trading and training traders on a demo account

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Trading and training traders on a demo account

If you want to be the best, you need to be trained by the best! To become a successful trader you have to start on the right path and follow a clear and precise trading methodology. This is why you need a rule based system like our system based purely on “Price Behavior”.

The Power of Price Behavior

Here at Training Traders we believe we have a program that revolutionizes all types of trading. This is a complete trading solution that is equally effective in trading Forex, Stocks, Commodities or Futures. We would love to share it with you.

We provide the training, trading rules, trading software packages and the support to help you become a successful and profitable trader. Our goal is to help you to fulfil your trading potential to meet your own financial goals.

Trade what you see, not what you think!™

At Training Traders we train people in the only pure rule-based methods which eliminate trader irrationality and create consistent results and consistent returns. At Training Traders we teach you to “Trade what you see and not what you think!™”, not what you predict and not what you hope will happen!

Mike Baghdady is the world’s foremost leading expert on Price Behavior and a 33-year veteran of the global financial markets, and the developer of the “Price Behavior Trading”™ © .

Mike spent the pinnacle of his career as Head Technical Trader and Advisor for a group of Elite Traders on the trading floor of New York Board of Trade until its merger with the InterContinental Exchange in 2008. As a head trader at the NYBOT (The New York Board of Trade) Mike called out trades for his team on the exchange floor and was responsible for training many of the floor traders to transition themselves from floor trading to technically trading off the charts, and computer screens.

Open a demo account

Try your hand at trading virtual money

A demo account is the best way for newcomers to explore trading. The demo account’s functionality is similar to the real account one with the exception that you trade with virtual money. Working on a demo account provides you with Forex trading experience using all the trading features provided by the MetaTrader 4 platform.

You can trade in real time and learn how to analyze the markets using technical indicators without risking your money. Copy trading with Signals’ subscriptions and Expert Advisors purchases from the MetaTrader Market are also available for demo accounts.

A demo account can be opened in a desktop platform, as well as in the MetaTrader 4 mobile applications:

Creating a demo account is the best way to start mastering the MetaTrader 4 platform and trading in the currency markets. Start now!

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Demo trading account

Trial trading account

Try our award-winning platform for free and develop your CFD trading skills.

Practise trading with £10,000 and R1,000,000 in virtual funds

Gain access to exclusive educational content on IG Academy

Test strategies on the go with our free mobile apps

Open a demo trading account

Try our award-winning platform for free and develop your CFD trading skills.

Get trading experience with an IG demo account

When you sign up for a demo account with IG, you’ll be able to access two different demos via a single login:

Domestic demo account

With the domestic account, you receive R1,000,000 in virtual funds to speculate on a range of South African stocks, ETFs and the South Africa 40.

The benefit of a domestic account is that it can be used to trade local markets with local currency, meaning that exchange rates are less of a factor when deciding to open or close a position.

International demo account

With the international demo account, you get £10,000 to speculate on IG’s wider offering of over 17,000 markets.

These include major, minor and exotic forex pairs, a range of commodities, international indices and shares, as well as cryptocurrencies.

Both the domestic and international demos enable you to mimic using contracts for difference (CFDs) to speculate on the listed assets. When you trade CFDs, you are agreeing to exchange the difference in the price of an asset from when the contract is opened to when it is closed, so you can speculate on both falling and rising markets. Your profit or loss is dependent on the extent to which your forecast is correct.

Demo trading account features

  • Practise with virtual funds
  • News feed and live updates within the platform
  • Compatible with Windows, iOS and Android devices
  • Quickly navigate between charts, news and deal tickets
  • Access free educational content on IG Academy
  • Real-time price data to test out strategies accurately with no risk

Differences between a demo account and a live trading account

A demo account provides a risk-free environment for you to try our web trading platforms. While much of the functionality of the live platform features in the demo, there are key differences to be aware of, including (but not limited to):

  • Trades made through the demo account will not be subject to slippage, interest and dividend adjustments, or out of hours price movements
  • Trades may be rejected if you have insufficient funds to open them but, unlike on a live account, will never be rejected on the grounds of size or price
  • You will not be charged for chart packages on a demo account
  • Trades will not be closed if you have insufficient funds to cover margin and running losses, which can happen on a live account

This is by no means an exhaustive list, and therefore before opening a live account we recommend you read the information available on our website as well as the Customer Agreement to ensure that you are aware of the features of a live account.

Learn more about IG’s charting packages

Upgrade to a live trading account

Once you’ve built your confidence on a demo account, you may want to open a live account to put what you have learnt into practice.

There is no way to directly upgrade your demo account to a live account. Instead, you will need to open a new live account and deposit some funds before you can start trading the markets. With IG, this is a straightforward process – you can create a live trading account in a matter of minutes.

Is a demo trading account for me?

If you’re new to trading, a demo account is a great way for you to build your confidence before assessing whether you are ready to trade on a live account. Equally, many traders with live accounts also use a demo account to test out new strategies and build their experience on new or less familiar markets.

Is a demo trading account free?

A demo trading account is completely free. It enables you to speculate on a range of markets with virtual funds, and access learning resources such as IG Academy to better inform your trading decisions.

What can I trade with a demo account?

When you make a demo trading account, you’ll be able to access both the international and domestic demo accounts with the same login – though there is a different selection of markets available on each.

  • You can trade over 16,000 markets with the international account. This includes over 90 forex pairs, 8000 stocks and most of the major indices around the world including Wall Street, the FTSE 100 and the Germany 30
  • With the domestic account, our offering is limited to domestic South African indices, stocks and ETFs – with no access to international markets like forex or commodities

How much money do I get with a demo account?

The virtual funds you receive with a demo trading account differ depending on which account you use.

  • With a domestic trading account, you get R1,000,000 of virtual funds
  • With an international demo account, you get £10,000 of virtual funds

How do I use the demo trading account?

You use the demo trading account in much the same way that you would use a live account, but there are some differences as a demo will not recreate all the conditions of live trading. For instance, trades placed with a demo account won’t be subject to slippage, which is something that traders should educate themselves about before starting off on the live markets.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

IG is a trading name of IG Markets Ltd and IG Markets South Africa Limited. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance.

IG provides execution only services and enters into principal to principal transactions with its clients on IG’s prices. Such trades are not on exchange. Whilst IG is a regulated FSP, CFDs issued by IG are not regulated by the FAIS Act as they are undertaken on a principal-to-principal basis.

The information on this site is not directed at residents of the United States or Belgium or any particular country outside South Africa and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Voted SA’s top CFD provider in Business Day Investors Monthly Annual Stockbroker Awards in 2020 and 2020, best platform for Active Day Traders in 2020 and 2020 and SA’s best Online Broker in 2020 and 2020.

Best Binary Options Brokers 2020:
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  • Binomo
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