What is the first thing that beginners do when they want to learn how to trade forex? Of course they will look for the easiest and safest way, the way that they think is the easiest and also not detrimental. Of course, no one wants to experience losses at the beginning of a business.

The safest way is to learn forex using a demo account. There are many reasons why learning forex trading with a demo account is the first choice for newbies, because this service is very useful and free.

What is a Demo Account?

A demo account is an account provided by an online forex broker specifically for beginner traders so that they can get used to practicing their skills directly by doing real online forex trading without having to risk losing capital. With a demo account, traders can monitor every change and movement in forex prices in the world market.

In addition, they can also do open buy or open sell, even do closing or trading positions when they want. With a demo account, newbies can practice how to develop a complete and comprehensive strategy according to the actual market conditions. And these newbie traders do not need to provide funds or capital to be able to do it.

However, because the funds managed in the demo account are not real and are only virtual funds, you also cannot realize the profit or loss. And if there is a transaction error that results in a loss, we can open a new demo account, with preparation to anticipate the errors that have occurred.

Easy Way to Create a Demo Account

To create a forex demo account is also quite easy. Because in general there are no special requirements to be able to create it. Especially if you already have a broker of choice. You simply register with the broker of your choice to open a demo account. Next, the broker will send a download link for the application (trading platform) along with details of the ID and password via email.

After downloading and installing, continue by logging in to the application. GICTrade is one of them that provides a Demo Account facility for you to learn to transact in the derivative market, you just need to register on the portal and then you will automatically get a demo account sent to the registered email.

And then, you can have that demo account and can immediately see price movements and practice trading forex, Index and commodities. Learning to trade in this way is not only free of charge, each transaction is relatively smoother compared to the real account. Because orders are only virtual and are not really processed and reported to the relevant institutions.

Purpose of Forex Demo Account

If you are interested in learning forex trading, you can try learning by opening a demo account at GICTrade. Because through a demo account you can practice your skills and hone your skills before you finally dive into a real account in the forex market.

Because the specialty of this forex demo account is that it can provide a real picture of online forex trading as a means to mature your abilities, practice analyzing and executing trading, learn the features of trading tools and how to use them, and test trading systems and various other facilities freely and all can be obtained for free, without having to worry about experiencing losses if you make a mistake.

In addition, for beginner traders who are still in the process of exploring finding a broker, a forex demo account can also be used to see how the technical performance is, both speed, server, and others from a broker. So, if you are interested in getting involved in this one business, let's learn forex trading first with a GICTrade demo account.

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