Pieces of advice are everywhere. Just google the phrase “Simulated Forex Trading” and you will be presented with so many links and advertisements as to how easy it is to start trading forex by opening a demo account.
Below are some points that list the things that make it so dangerous and very risky if you are just starting out and you don’t really know how forex trading works.
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Forex Demo Account
First, there is this thing called “Forex Demo Account“. You can easily have a forex demo account and start trading within seconds after registering to an online forex broker.
Some forex brokers advertise unlimited demo accounts while others offer free signup bonuses so you can start to practice investing.