Easy Forex Test Account

Savvy trader dont need a test account but novice forex traders do. But what is the right demo account for you? It's not that easy because there are a lot of different brokers with different demo accounts. The most important thing is that the test account should be unlimited. That means that it's not supposed to close within a certain period of time. It should be available for a longer period of time.

But that's not the only factor. Sometimes you dont want to register at xy forex broker just to use their demo offering. Sometimes they can be pretty annoying and sending you emails or even call you on the phone try to get you to deposit money instead of trading just for fun. That's not the best practice of course and that's why you should try to use other forex programs like easy forex.

Easyforex has a very unique demo account to offer. You can trade with forex for 60 minutes without signing up. This guest account is a very good opportunity to try out forex trading without making an account. The downside however is that you cant trade longer than 60 minutes with this account. So you cant come back a few hours later and start trading again. That wont work.But overall the easy forex demo account is very good for novice forex traders that dont want to register everywhere.

Unlimited Forex Test Account

If you're new to Forex trading you may want to choose a test account first. Well, this makes a lot of sense and is a must in my opinion. The reason is that you're not very experienced and not ready to trade for real money. Even if you read a lot about Forex, know all the trading signals and can make a good technical analysis chances are that you wont succeed. And you may just go broke! It's all possible because forex is a risky game with a high variance. Even good traders can lose money. Even good traders make mistakes that can be very costly. So you better be careful when you trade with Forex and you definitely should choose a forex test account first.
With a forex test account you get some playmoney you can trade with. So there's no risk at all. If you lose, nobody cares. Of course if you win, nobody cares too.

Every forex broker offers a test account. It's a must nowadays. But not every forex broker offers an unlimited forex test account. The problem is that most demo accounts are restricted. That means that you can only use them for 3 weeks or so. After that the test account will be closed and you either have to go to another broker or trade with real money. THat's not nice but makes sense for a forex broker. He makes no money when you trade with play money so his reasoning makes sense.

What is a Forex Broker?

First of all we have to answer the question what a forex broker is. A forex broker is a place where you can trade with currencies. This is called foreign exchange market or in short: Forex. A broker offers you the possibility to trade with currencies online and every time you want. This is a great opportunity because forex trading was limited to institutions so far. Of course you can go to your bank and buy some euros and exchange them later when the have become more worthy.

So the Internet and Forex Broker give you the fantastic chance that you can speculate on rising or falling currency exchange rates and become part of the biggest market in the world: the foreign exchange market.