A demo account looks and acts just like a real trading account except it does not contain any real money. It is set up with "play" money for the purpose of practicing & sharpening your trading skills within real market conditions without risking any of your own real money. If you are a novice trader we recommend that you trade on a demo account until you have had at least 1 or 2 consecutive profitable months in a row. This is our way of being responsible to you and it's a vital and essential part of the learning process. Most brokers offer demo accounts for free.
What is Forex Trading?
Forex trading, which is also known as FX trading or currency trading, is a global market where people trade currencies to make profits. It is one of the largest markets in the world with an average daily turnover of $5 trillion. There are many factors that can affect its prices, such as international events and political conditions. It can be difficult to understand Forex trading at first glance because there are so many different aspects to it. However, after reading this guide on forex trading basics, you’ll have all the knowledge you need to start your own successful Forex trading journey!