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Username: Fluffy

Rating:
Guru Stars

Asked to: Jun Wang

Date Created: 03 Aug 2015
Category 17
Tag Forex
Question What is demo account?
Advice from Guru
Hello Fluffy,

Demo accounts can allow a trader to experiment with a wide array of financial products, such as options, futures, forex and other derivatives before funding the account or placing trades. In addition to allowing an investor to become familiar with the available tools, it provides a way to test different trading strategies, such as carry trades in forex.

A demo account is typically "funded" with simulated money, which allows the investor to conduct fictitious trades in order to become familiar with the ins and outs of the platform.
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