How to Place Your First Trade on a Demo Account

A step-by-step guide to placing your first trade on your EdgeFlo demo account using virtual funds.

If you're on EdgeFlo's 7-day free trial. You'll have a demo account, which comes pre-loaded with $100,000 in virtual funds. If you haven't selected to get an EdgeFlo demo, you can get it here.

This article walks you through placing your first trade so you can start exploring the platform with no real money at risk.

Demo trading uses the same order flow and real-time prices as a live account, so everything you practise here carries over directly.

Before you start

Open EdgeFlo and sign in
Connect a demo account (if you haven't done this yet, you can do so here)
Navigate to the Trading view using the left sidebar

Step 1: Open the Trading Page

Click the chart icon in the left sidebar to open the Trading Page. You'll see a candlestick chart in the centre, your open positions at the bottom, and a watchlist on the right.

Note: Your balance ($100,000) and equity are shown at the top of the screen. These are virtual funds and have no real monetary value.

Step 2: Choose an instrument

Use the Watchlist tab on the right panel to find what you want to trade. Search by typing the instrument name — for example XAUUSD for Gold/US Dollar or EURUSD for Euro/US Dollar. Click any result to load its chart.

Tip: If you're not sure where to start, EURUSD and XAUUSD are two of the most widely traded instruments and a good starting point for demo practice.

Step 3: Open the order panel

Click the Trade button (the lightning bolt icon) in the top-right corner. This opens the order panel for the instrument currently on your chart.

Step 4: Select your order type

At the top of the order panel, choose how you want to enter the market:

Order type	What it does
Market	Executes immediately at the current market price.
Limit	Executes only if price reaches a level you set.
Stop	Executes when price moves beyond a level you set.

For your first trade, select Market.

Step 5: Review your risk settings

Stop Loss — the price at which the trade closes automatically if it moves against you.
Take Profit — the price at which the trade closes automatically if it moves in your favour.
Risk Per Trade — the maximum you're willing to lose. Defaults to $200.00; lot size is auto-calculated from this.
Lots — position size, calculated automatically based on risk and stop loss distance.
R:R — risk-to-reward ratio. Aim for 1:1.5 or higher.

Warning: If you change the Stop Loss level, the lot size recalculates automatically. Double-check your lot size before placing the order.

Tip: Switch between the Price and Points tabs to set your stop loss and take profit as exact price levels or as a distance in points from your entry.

Step 6: Place your trade

Click Place BUY Order or Place SELL Order at the bottom of the panel.

BUY — you're betting the price will go up.
SELL — you're betting the price will go down.

A confirmation toast appears at the top of the screen. Your new position then appears in the Open Positions panel at the bottom.

Step 7: Log your trade emotion (optional)

After placing an order, EdgeFlo asks: What emotion drove this entry? Select an emoji reaction or dismiss the prompt. This feeds into your trade journal so you can identify patterns in your decision-making over time.

Note: You can skip this at any time. Emotion data is available later in the Trading Journal section.

Managing your open position

Once a trade is live, it appears in Open Positions with real-time PnL. From here you can:

Edit your stop loss or take profit by clicking the pencil icon
Close the trade early by clicking the X icon
Close all open trades at once using Exit All

FAQ

Is the demo account using real money?

No. Your demo account is funded with $100,000 in virtual currency. No real money is involved and no trades are executed on any real market.

Why is my lot size changing as I adjust the stop loss?

EdgeFlo calculates lot size automatically based on your Risk Per Trade and the distance between your entry and stop loss. Move the stop loss further away and lot size decreases. Move it closer and lot size increases.

What's the difference between the Points and Price tabs?

The Price tab lets you type exact price levels. The Points tab lets you enter the distance from entry in points. Use whichever matches how you plan your trades.

I placed a trade but don't see it in Open Positions. What happened?

This usually means the trade was rejected due to insufficient margin or a fast-moving price. Check the top of your screen for any error notifications and try again. If the issue persists, contact support.

Can I undo a trade I just placed?

There's no undo, but you can close a trade immediately by clicking the X icon next to it in Open Positions. On a demo account this has no financial consequence.