FX Paper Trading System

One of the issues that I always faced when I was considering trading equities was the availability of good paper trading systems. At the time the best one that I had found was with eSignal but of course it was limited to a 30-day trial. In Forex it’s a different story and plenty of brokers offer full-featured demo accounts, but still some of them are time limited. The best one that I have found so far is called FXGame by Oanda. FXGame offers unlimited paper trading capabilities in a browser-based system FOR FREE. Of course their platform is not as feature-rich as an eSignal or a MetaTrader but I think that it’s more than enough for a beginner and it has definitely met my paper trading needs. Plus it works through my company’s firewall so I can keep an eye on the market during regular business hours!

The following is a screen print of what you will experience in the FXGame. I particularly appreciate the ability to pass buy/sell orders, and set stop losses and take profit targets directly from the charts (very similar in this sense to Ninja Trader for those of you who are familiar with this tool).