To know what is Forex demo account i must say Forex demo account is most help full and interesting part of Fx Trading , You can start your Forex Practice Account with each broker you want without any cost . The benefits of Demo Forex is you don’t need to invest into your Free Demo Forex Account but you can buy or sell currencies as much as you like and you are not responsible for any loss or profit in your Forex Demo Account . For example you open a $100K demo Forex account with a broker in United States or any broker in other countries you like and you make a sell position on Euro versus US Dollar , after 2 weeks your Forex Demo Account balance fall hard and you lost all of your money , its not important at all , open another Forex Demo Account and enjoy your trading . In other hand if you earn profit no money is for you , but this is not important because FX Market is too risky market ever so still dont know what is Forex demo account , most of beginners lost their money in a couple of few months instead of earn profit . Once you can trade at least 6 months in a Demo Forex Account without any loss or hard drop down then you are eligible to start your real trading with a low amount . Please note you must made at least 100 position in your trading history in the Forex Demo Account during these 6 months and Fxstay Team recommend do not open your real Fx trading account until you make a dedicate profitable strategy for yourself , because having profitable strategy and trading discipline plus Money Management are the most important things ever in the FX market.
What is Forex demo account for ?
Forex Demo Account is not just for beginners , Its also good for those who make new fx trading strategies and want to test their trading strategies without risking even one dollar . You can use it too for automated trading , for example you make or buy new forex robot but you are not sure its really a profitable fx robot and want to test it first , so you do not need to test it on real account just open a Forex Demo Account and run your Forex Expert Adviser or test your trading strategy , if it has good result on Forex Demo Account for several month then you can test it on real account with low amount of money and again if its good for several month on your small real account , then you can start it with your main money . You know what is Forex demo account but there is important thing here please note Demo Forex Account is an excellent tool for testing and learning but it dose not mean if you become a successful trader on Forex Demo Account or your FX robot earn profit on Forex Demo Account you get the same result on Real Fx Trading because in Real Fx trading your broker might accept your positions with delay or wide spread due to low liquidity during fx news , for example you want to make a buy position at rate 1.4510 on eurusd but your broker can not match your position at the rate you want because you trade during important fx news or many other reasons and open your buy position at rate 1.4510 so you lost 10 pip at begin . So earn profit on forex demo account dose not mean you earn on real accounts because trade with real money put much more stress on both traders and brokers and you are responsible for any profit or loss on your real foreign exchange trading accounts .
Now you know what is forex demo account and you can choose your Online Fx Trading Broker to open your Forex Trading Demo account from our Forex brokers part or go to best forex broker part and choose the best fx trading broker open your free demo forex accounts and enjoy demo forex trading