A demo account is a simulated trading environment offered by brokers that allows traders to practice strategies and familiarize themselves with market operations using virtual money. Demo accounts mimic real market conditions, providing a risk-free platform for beginners to learn and for experienced traders to test new strategies without committing real capital.
1. Learning Market Mechanics
For beginners, demo accounts are a valuable tool for understanding how the markets work. Traders can learn how to place orders, execute trades, and use various tools and indicators available on trading platforms. It’s an excellent way to get comfortable wi...