Demo Account: A Stepping Stone to Consistent Profits in FX Trading

[Abdulmajidkhs]

Demo Account: A Stepping Stone to Consistent Profits in FX Trading

Most forex brokers provide their clients with a demo account option. A demo account is also known as a practice account or a fake account.

Demo Account: A Stepping Stone to Consistent Profits in FX Trading

Most forex brokers provide their clients with a demo account option. A demo account is also known as a practice account or a fake account.

www.wikifx.com

 

[Polakandil]

Some traders may be said a demo account is useless because although traders obtained big profit but the money can not to withdrawn, however demo account still used by many traders to backtest trading strategy, this useful for learning and researching profitable trading strategy, although not gives all trading environment b ut using demo account also trader can trying how to use trading platform, like Ticktrader FXOpen.

 

[Hev_Leo26]

I think demo accounts are the best hands on tool that traders can get their hands on. Not only does it help with learning to navigate the trading platform, but being able to test strategies and see how you fare can't compare. I definitely think opening a demo account is one of the most important steps before going live.