What is a forex demo account?
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A forex demo account, also known as a practice or paper trading account, is a simulated trading account offered by most forex brokers. It's designed to allow traders, especially beginners, to practice trading in the forex market without risking real money.
Using a forex demo account helps the traders to try trading in the virtual world without investing money yet, it is like giving them an experience.
It allows people to practice trading in the forex market.
its giving knowledge first on what will be the risk in trading.
It is a way of practicing people to trade in forex market.