Forex.com is one of the most popular foreign exchange trading services on the Internet. It provides a number of video tutorials to show users the basics of foreign exchange trading, and it also provides a free practice account in which you can trade virtual currencies as if you were trading on the actual market. One of the main advantages of the Forex.com system is that, since the practice account is almost exactly like the real account, making the shift from being a learner to being a doer is a very simple task.
Unlike Forex.com's free foreign exchange game, OANDA's is not part of a sales effort. While Forex.com's sales professionals are sure to call you to offer their real-world trading services, OANDA says: "It's hassle-free. No pressure, no spam, no phone calls." Like the Forex.com platform, it gives you access to analysis, tutorials, and a trading system that coincides with the actual market.
This is a very, very simple game that illustrates the rudimentary aspects of foreign exchange trading--and pretty much any other kind of commodity trading, for that matter. You start with a certain amount of money and a certain price for Commodity X. As the value of Commodity X fluctuates, you try to estimate when it will bottom out and when it will peak, and you buy and sell accordingly. No market provides the base for the game so no exterior factors must be researched. You simply buy when the blue dots are low on the screen and sell when they are high on the screen.