4 years ago

The majority of brokers offer two types of accounts to their clients: live and demo.
A live account is the one used for the actual trading: making real deposits, opening new positions, and generating payouts (or getting losses).
A demo account is characteristically different.

Instead of a trader depositing their hard-earned funds and opening real trades, the demo account allows them to use virtual trading funds in trading.
Usually, demo and live accounts are pretty similar in terms of reflecting price trends and swings, offering trading tools and indicators, and delivering an overall realistic experience.
The main difference is that with a demo account, traders don’t need to spend their money on trades.

It is also important to note that even the experienced traders find demo accounts useful.
Whenever they want to test out a new trading strategy and find out how different spread levels work for them, a demo account can prove an ideal platform for their needs.

A demo account can be a useful tool to learn the basics of trading Forex, stocks, commodities, and just about any financial market.
By using a demo account for trading, beginner traders can understand the ways in which the foreign exchange market works, as well as find out which instruments are most suitable to their needs, and which strategy works best for them.

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