Forex Demo Account Meaning - What is the Meaning of Demo Account?

Forex Demo Account Meaning - Demo account is a Free forex practice account provided to beginners to help them learn the forex trading basics as well as the features of the forex trading platform used to trade currencies. For Example:

MetaTrader 4 Demo account is provided by brokers to help new traders learn about how to trade the online forex market using the MetaTrader 4 Platform commonly referred to as MT4 Platform.

MT5 Demo account is provided by brokers to help new traders learn about how to trade the online forex market using the MT5 Platform commonly referred to as MT5 Platform.

Traders should use this demo practice trade account to test out their trading strategy & practice forex trading until such a time when they can trade the forex market profitably. Then when they get to learn how to earn profit on their practice practice Forex trading account then they can open a live account & begin trading the real market.

Forex Demo Account Meaning - What is the Meaning of Demo Account?