Many different types of forex trading account are developed in order to cater to needs of different forex traders. In general, there are two types of forex trading account: Demo account is a kind of forex trading account for traders to practice and learn the features, trading strategies of forex; live account is a forex trading account provided for forex traders who are ready to trade for real. Because of different capital amount forex traders want to fund their account, live account, therefore, are divided into several types.
Forex trading account No.1: forex demo account
Forex demo account is designed in order to attract forex traders to use forex brokers’ platforms. With a demo account, forex traders are accessible to live trading prices, real-time forex charts, extensive technical analysis and financial news etc., making demo account among the most popular forex trading account. Most importantly, forex traders do not need to fund forex trading account with real money, thus, they do not need to worry about losing money in trading, which is especially beneficial to forex beginners.
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