Question: What is the MT4 Demo account for? Who uses this account type?
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For inexperienced traders or those, who want to test their strategies, JustForex gives an opportunity to open a free demo account.
Demo trading is a simulation of real trading on Forex, which is made for practicing and training.
The demo account does not require investments.
It allows you to gain experience in online trading, practical skills in working with the MetaTrader 4, and to test your strategy without any risks.
The process of trading on the demo account is absolutely the same as while live trading. It means that charts show the real situation on the Forex market.
The only difference is that you trade with virtual money.
Your demo earnings shows the potential profit you can get on the live account with the same conditions.
When you open an account, you can set the initial balance by yourself.
You can start with the demo of any JustForex account types: Cent, Mini, Standard or ECN Zero.
So, you can also test the trading conditions of the broker and choose the most proper account for you.
Only when you’ve reached success on the demo account and feel confident on the Forex market, it’s time to continue with live trading account.
To see the comparison of MT4 account types, pleas visit the page below.
