Forex Demo Account

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Definition – What does Forex Demo Account mean?

A forex demo account is a training tool that beginner traders can use to practice trading forex with virtual money and current market data. Forex demo accounts are offered by many brokerages and forex websites so that traders can get used to the trading platform and market activity before risking real money.

ForexTerms explains Forex Demo Account

Forex demo accounts can be excellent primers for beginners as long as they are used realistically. Moreover, demo accounts aren’t just for beginners. Because they use market data, these accounts can provide a stress-free way for traders to try different styles, strategies, time frames and trading plans out before using them on the real market.