What is the Forex demo account?

order to identify and experience the Forex market, but the prices are the same as the market.

Why the demo account is very important?

You want to trade in the Forex market, however you have no experience and in this circumstance you will be more risky than other investors. If you trade on the demo account for a while before the actual transaction on the market you can see the risks and incomes directly by following the Forex market as live.

Are the prices true on the demo account?

A demo account is completely the same as a real account except your balance is virtual. The prices of the products on the platform are current and incomes or losses that you receive while trading in the demo account will be the same as on the real account.

Is it mandatory to open a demo account?

If you want to trade in the forex market, legally first of all you have to open a demo account. Investors must to open demo account from the same brokerage house before they open a real account in the brokerage house. At least 6 business days and at least 50 transactions must be done in the demo account.