Trading foreign currency on global market provides many opportunities for investors of different skills and interest. The fact that the market is open 24 hours on every weekday means that even those that are not ready to fully to commit to trading as a job can take part in it. One of the great advantages of this market is that large initial capital is not required. Use a demo account to learn the ropes and get yourself acquainted with trading principles.
- The ability to trade on margin reduces the amount Forex traders need to start with.
- Demo accounts can be used for practice without risking real money.
- Spend months on training and education before making actual live trades.
“A forex trading demo account is a trading account with monopoly money in it that is connected to the live market. Trades can be placed in real time and represent what would be true losses and gains if the money were real.”