Practice Trading Account: What You Need to Know About Forex Trading
A practice trading account for Forex is a simulated trading environment that allows investors to experience the world of Forex trading with “play” money. These accounts can be useful for a variety of reasons, including allowing investors to familiarize themselves with the trading interface, try out their strategies, test the effect of news events, and even practice their psychology when it comes to solid risk management. A practice account also helps a trader know when its time to go live and start trading with real money.