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Saturday, February 12, 2011

Forex Demo Account

Practicing on a forex demo account is an essential component to modern day forex currency trading. The high level of risk involved in trading the forex market demands that one test their skills, strategies and systems before the trade real money.

Most integrate with forex trading platforms like vt trader forex software so you are not tied to a forex broker's proprietary software. Even still, many of the proprietary software is good as well.  Below is a list of forex brokers who offer free demo accounts.
Of course, if you don't want to trade yourself but still want to get in the game, you could use a forex managed account like many investors currently do. But if you want to be hands on and do it yourself, using a forex demo account first is highly recommended.

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