If you are keen on entering the Forex Market, you’d better start off your experience by opening a Forex Demo Account in order to know what kind of financial market you’re dealing with and learn how traders engage in trading activities.
What is a Forex demo account? What you would get in a demo account is a simulated trading environment very similar to a Real Trading Account, except in a demo account no real money is traded, and you get to test your trading strategies via virtual money for as long as you want. So there is no risk involved, and you can learn about the features of the broker’s trading platform and by extension the FX market itself.
It is a known fact that after years of trading you can still benefit from practicing in a demo account. It’s always better to try a new strategy in a demo account before going live. In this way, you’d be prepared for the market’s reaction towards your new strategy before it happens. A demo account is structured in a way to mimic the similar situations that might occur in a Real Trading Account. Therefore, it is invaluable to know how you can handle similar probabilities before tackling the real thing in a highly volatile market.
Opening a Forex demo account is free of charge, easy and fast. You can open as many Demo accounts as you want, specify your ideal account balance, account type and leverage. In Demo accounts, you will be able to trade Forex and other financial markets (Metals, Energies, stocks & more) with virtual money, a great opportunity to practice your trading skills.
You can start your demo trading with the Forex Brokers below, just open a demo account with a broker of your choice: