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Absolutely correct! There are several benefits of using a demo account, many of which you’ve mentioned. I would like to add another point to your information that using a demo account allows traders to devise and test their trading strategies, which they can use while trading in a live account.The demo accounts are best to test any broker's processes without investing any money with them. It has actually many benefits which a new trader can count on like testing a broker without being getting scammed by depositing money to any scam broker. The new traders can learn forex trading without any real money, they can access the real market conditions with virtual funds provided by the broker etc.
We will need to make use of such kind of a Forex Broker which is Regulated and that is Truly International like FXOpenYup we can gain experience by taking advantage of broker's virtual funds so even if we lose the trade we lose nothing but learn experience in return.