What is a demo account?
A demo account is a practice trading account provided by forex brokers where users can trade with virtual money to learn, test strategies, and improve trading skills without risking real capital.
A demo account, offered by forex brokers, is a simulated trading environment allowing users to execute trades with virtual funds. It serves as a risk-free platform for traders to familiarize themselves with the broker’s interface, test different trading strategies, and enhance their proficiency in trading without the fear of financial loss. This tool enables both novice and experienced traders to gain practical experience, understand market dynamics, and evaluate the broker’s services before committing real capital to live trading.