Demo trade on metatrader. StrategyBuilderFX has unlimited demo as long as you keep using it. I'm using that right now. Have not really gotten that far with Forex, but determined to learn it. I really want to learn as many markets as I can. But just come up on a few ideas how I could possibly trade Forex on a much longer time than I'm used to. It is possible though. Don't gamble with your money though.
Dazed The accounts have different margin requirements. To find out what your margin deposit is going to be, you need to know the margin requirement. Then you take the amount that you want to trade and multiply it by your margin requirement. If you have a 1% margin requirement take the size you want to trade and multiply it by 1%. (10,000 x 1% = 100). Different brokers have different requirements. Some have a default setting and allow you to choose other settings. Some offer only one. .1% Margin Requirement = 1000:1 Leverage .25% Margin Requirement = 400:1 Leverage .5% Margin Requirement = 200:1 Leverage 1% Margin Requirement = 100:1 Leverage 2% Margin Requirement = 50:1 Leverage
Dazed: Best advice is for you to get the following book: Getting Started in Currency Trading Great intro book and all the issues surrounding Forex including leverage, margin, buying power (all same thing) and all the other important basics.