Why Do We Use Demo Accounts? Becoming a trader can be overwhelming at times. Whether it is trading metals, foreign exchange, cryptocurrencies, or forex – there are lots of things to be mindful of as a beginner. However, lucky for you, if you want to start practicing how to trade, using a demo trading account is the best way to go. Sometimes referred to as a ‘paper trading account’, a demo trading account is the first place you can begin your online trading journey. This is where you can learn how the market functions and start developing your skills. This requires effort, as well as patience as you find the right broker, and learn to use and understand the tools for analysis of the forex market. To overcome some of the challenges involved with the forex market, acquiring a demo account sets you up with the greatest chance....