Demo training for Forex accounts - a service that someone love one and other hate. Why is this happening? It would seem that a free demo account cannot bring nothing but good, is not it? Not exactly. Demo account certainly has its advantages, but it was not without pitfalls. In this article we look at the "pros" and "cons" of the use of Demo account.
Let's start. For those who do not know: a free demo account, as follows from its very name suggests, allows you free to practice trading in the Forex market . Sounds appealing to novice and, in many ways, it is.
Brokers offering a free demo account, do so in order to get people interested in trading on Forex. And there is nothing wrong with that, because they exist in order to increase the number of traders in the market and on their platform. It's also a great way for a beginner to start learning Forex trading.
Currency trading - not an easy task to start it without preparation. Some brokers provide a simplified platform with minimum deposits for new traders to bring them up to speed. Many other brokers allowed people to open free demo account, with which you can start trading with virtual money, and to do so as long as you have obtai…