Forex trading is an exciting venture that can bring in significant profits if done correctly. However, it is essential to start with a demo account to learn the ropes and understand how the market works. Baby Pips is a popular website that provides a free demo account for beginners to learn and practice trading in the forex market. In this article, we will explain how to check your earnings on a demo forex account on Baby Pips.
Step 1: Log in to your Baby Pips account
To check your earnings on a demo forex account on Baby Pips, you need to log in to your account. If you do not have an account, you can create one for free by visiting the Baby Pips website and clicking on the “Sign Up” button. Once you have an account, you can log in by entering your username and password.
Step 2: Navigate to the “Trade Explorer” tab
After logging in, navigate to the “Trade Explorer” tab on the top menu. The Trade Explorer is a tool that allows you to track and analyze your trading performance on Baby Pips. It provides detailed information on your trades, including profits and losses, trade duration, and more.
Step 3: Review your trading performance
Once you are on the Trade Explorer page, you can review your trading performance. The page displays a graph that shows your account balance over time, as well as a table that lists all your trades. You can filter the table by date, currency pair, and other parameters to view specific trades.
Step 4: Check your earnings
To check your earnings, look at the “Profit/Loss” column in the table. This column shows the profit or loss for each trade. If the value is positive, it means you made a profit, while a negative value indicates a loss. You can also see the total profit or loss for all your trades in the “Total P/L” row at the bottom of the table.
Step 5: Analyze your trading strategy
After checking your earnings, it is essential to analyze your trading strategy. Look at the trades that made a profit and those that incurred a loss. Identify patterns and trends in your trading behavior and make adjustments where necessary. The Trade Explorer provides valuable insights into your trading performance, allowing you to refine your strategy and improve your earnings.
Conclusion
Checking your earnings on a demo forex account on Baby Pips is a simple process that requires you to log in to your account, navigate to the Trade Explorer tab, review your trading performance, and check your earnings. The Trade Explorer provides a wealth of information that can help you analyze your trading strategy and refine it for better results. Remember to take the time to learn and practice trading on a demo account before investing real money in the forex market. With the right strategy and mindset, you can achieve significant profits and financial freedom through forex trading.
