I have across and nice application that is free and allows you to trade FOREX major currency pairs in real time in a practice environment. It is from FXCM.

 

You can download their software for free without having to sign up giving your life story and all your important documents. The trading and charting environment is good as well.

 

You can trade right from the charts at the point where you click on the chart which I like too.

 

Does anyone know of a practice FOREX spread betting account that you dont have to send off your passport etc to?

 

 

The url is http://www.fxcm.co.uk

 

It is not spread betting, but the principle is the same with long and short capabilities in amounts in multiples of 10k lots.

 

I started with £5K virtual money on Monday and it’s now Thursday and I am up using the strategies I know from trading stocks and from the book ‘FOREX, patterns and probabilities‘ by Ed Ponsi.

My account is now £117 up which is just over 2% in four days.

 

The book is quite good and I would recommend it for anyone who is starting out trading in FOREX and needs a refreshing or wants to learn the standard strategies for technical analysis as they relate to FOREX.