Demo forex trading is commended as the way to start by just about everybody, including us here on this site.

Nonetheless, forex demo accounts do have some downsides. Let’s see what to keep an eye out for and how to avoid the traps. Generally this is true . Sadly however, in a small minority of cases, there are significant differences between the 2.

Occasionally you may even find that the demo accounts are managed on a completely different platform. Valid reasons would include releasing the genuine platform and its server space for live traders. Sneaky reasons would involve tricks like drawing you in with something that’s convenient to use and perhaps even stacked in your favour (if it does not access the real market) so they can grab your cash and then watch you lose it in the actual world. No matter what the reason, this is something to avoid. Obviously in this situation the demo is useless for preparing you to trade with that broker.