Why should I trade using a demo account?

[Smash Fun]

Demo account traders also typically have access to at least some brokers' customer service and customer support staff so they can better understand what it's like to deal with a broker when they decide to fund a trading account with real money.

 

[Underwit]

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.

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.

 

[Smash Fun]

Well, one of the most important benefits is that you can do some exercises without losing your hard-earned money. Another major benefit of using a Forex demo account is that it helps you build a certain level of confidence.

 

[helodear123]

Yup 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.

 

[FXOpen Trader]

Yup 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.

We will need to make use of such kind of a Forex Broker which is Regulated and that is Truly International like FXOpen

 

[David Marco]

Using a demo account is obligatory for you if you are a new comer. Forex is like a sea to the newbies because sudden trade opening and sudden closing is the ultimate professionalism here. Rather there are mathematical calculations behind every trade. A fundamentally weak trade cannot bear profit for you.

 

[helodear123]

At least trade a demo account for a minimum of six month and if you are learning / developing your skills then you should only stick with a demo to learn how the markets work.