The spot forex market was opened to retail investors in 1997. Since then, it has become immensely popular with a large number of traders/investors around the world. Retail forex trading takes place through numerous forex trading platforms offered by forex brokers.
Each of these forex platforms is designed to target different types of traders. Some are made specifically for high net worth clients who require a lot of liquidity; others are designed for technical traders who need the latest charting tools, while some are designed for resellers who require quick execution. If you are looking for Forex Trading in Kenya then you can search over the internet.
So how do you know which of these platforms are perfect for your business needs? Login to the forex demo account. It is the safest and fastest way to see if a particular trading platform suits your trading style.
Today we will discuss the main reasons why you should always trade a demo forex account before trading live with your own money.
Examine your broker's platform
Since there is no real difference between your broker's forex demo and live trading platforms, you can use the demo to thoroughly familiarize yourself with your broker's trading platform. Demo trading will allow you to find out how to open/close trades, how to manage leverage, etc.