Everyone knows that success in any business requires knowledge and experience; the Forex market is no exception. To become a successful Forex Trader in this huge market, besides technical and theoretical knowledge you also need Forex trading experience. To accomplish this goal, the PaxForex company offers a free Forex practice account.
A Forex trade demo account in the Forex market is learning forex trading for free (like a simulator) with the live-trading atmosphere, however, trading with the learning account is done with virtual money.
This type of practice Forex account serves three main purposes:
It is used by those who are not familiar with the Forex market; it allows study the market in demo mode without risking any money, despite the fact that the rules and quotations are absolutely no different from actual trading in the Forex. Therefore, a currency trading demo account is a kind of training program for future traders of the Forex market.
Since traders need to be familiar with trading platforms, PaxForex provides the Metatrader platform in the free mt4 demo account mode in order for the trader to become familiar with the software features without having to risk real money in the learning process.
Our customers are constantly testing new methods of working in the market, using different techniques and strategies. Naturally, in order to avoid the risks associated with the loss of real money, this testing is carried out initially on learning account; therefore, a trader may have several free practice accounts which is normal.
In a Forex trial Account all the terms of trade comply with the terms of trade on real Forex accounts. One type of the Forex Demo Account is a Contest account, which we will address on another page.
Now you can download MetaTrader 4 Platform and start practice on foreign exchange market without risk to lose your own funds.