Using a trading simulator can drastically improve your trading career. This is especially true of the Forex market. Beginning trading is a difficult endeavor. There is a lot of money involved and you might feel like you are in over your head at times. Simulating a number of trades before you use actual money can alleviate this stress. If you use the simulator until you are 100 percent comfortable with what you are doing, most of the butterflies that you will experience when you begin trading live money will have disappeared.
Try using the same software that you will be using when you trade live. This will allow you to not worry about hitting the right buttons or any other user errors that might creep up. If you are familiar with the software, trading can become your main focus. You will not need to worry about finding the right information; you can concentrate just on the important things like your Portfolio Prophet.
Another factor that will definitely come up is the fact that you might not like the software or the original brokerage you are using. If you are using just a demo account, there are no strings attached and you can switch brokers without worrying about transferring money of any sort. Even if you are a seasoned Forex trader looking for a new site to use this is a good idea. You will want to make sure you like the system that you are going to be using before you invest any serious time or money into it.