A free demo account uses a real trading platform with one exception: it uses mock currency. There are a multitude of benefits associated with practicing on a demo account, including:

  • Actual practice in a live market environment
  • The ability to familiarise yourself with the technical aspects of the software platform
  • Access to market charts, trading signals, forex news and more
  • The ability to test forex trading strategies without financial consequence

Learning from your forex demo account
Using a forex demo account over a set time period lets you master the specifics of market entry and exit while also showing you how frequently market changes occur.
As you practise on the demo account, you’ll eventually learn to make target goals.