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What is a virtual forex account?
I’m ignorant about forex. I’ve just seen these as an ads from a certain website where I can open a free virtual forex account. Anybody who can explain what is it all about?
A virtual account sometimes called a demo account is what the broker will offer you so that you can test out their platform. You would normally see and perform the actions of a real trader accept that you will be using virtual money instead of real money.
A demo account is a great way to test out different brokers and also test out your trading strategies without costing you anything.
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