It is for free, and you can use it as long as you want
It simulates real trading conditions, but does not expose you to risk
You trade with virtual currency – with no danger of losing real money
You can test all possible trading strategies as many times as you want
You can learn to use a trading platform at your own pace
You can learn to read charts, follow market trends, open and close orders
Disadvantage
Demo trading only exposes you to virtual risk, so it does not really give you the feel of proper risk management. Dealing with your emotions is as important as dealing with your money. And a virtual world doesn't involve real emotions to the full.
So how can you learn to keep emotions out of your trading decisions?
Solution
Open a demo account, use it to test the basics, and after a while open a real trading account fit for beginners with smallest minimum deposit and flexible leverage.
And now you may ask yourself: when is the best time to switch from demo to real? A reasonable question to which there is no definitive answer. Forex trading is a learning process the duration of which depends on the individual. Besides, it also depends on your investment needs, expectations, and the time you dedicate to it.
Education program
The work of the international currency market
The basic principles of the market, market participants, currency pairs and quotes, indicators, terms and conditions of trade and transactions - the key concepts and terms
Web platform and client terminals
Differences in software: speed and performance, functionality and convenience of the interface, compatibility and security
Technical and fundamental analysis (Individual)
The differences and conditions of these types of analysis
The basics of graphic analysis and market patterns