A demo account is a simulated trading account that allows beginners to practice Forex trading without risking real money. It mimics live market conditions, enabling traders to:
Learn how to use a trading platform.
Test trading strategies.
Gain confidence before trading with real money.
Most brokers offer free demo accounts, making them an excellent starting point for new traders. However, remember that trading psychology differs in demo and live accounts due to the absence of real financial risk.
