In the fast-paced and dynamic world of finance, day trading has emerged as a compelling avenue for individuals seeking to capitalize on short-term market fluctuations. Traditionally perceived as a domain for wealthy investors with substantial capital, day trading has recently witnessed a democratization of sorts, with a growing number of aspiring traders entering the arena with relatively modest sums.

The world of foreign exchange trading, commonly known as forex, has long been a domain attracting traders and investors seeking lucrative opportunities. The allure of the forex market lies in its vast liquidity, accessibility, and potential for substantial earnings. While many individuals dream of making their mark in this dynamic market, a common misconception persists that significant capital is required to embark on a successful forex trading journey.

If you have decided to try your hand at trading, you first need to know how to learn how to trade forex from scratch. There are many pitfalls in trading, and claiming that it is easy money is not right at all. But if you are ready to learn how to trade the currency market, and you are not just looking for a new game, then a chart with quotes will bring you profit. The main thing is to take this kind of earnings seriously, and learning to work on the forex market is sure to give a positive result.

There was a time when it was impossible to trade with leverage higher than 1 to 100 or with fractional lots on forex or stock markets. It was impossible to open a position with a volume of less than one standard lot. It means that one could trade at the forex market only with a deposit of several thousand dollars and to comply with the risks in trading one needed a deposit of tens if not hundreds of thousands of dollars. It is clear that under such conditions forex market could not be as widespread as it is today.

A trader gradually learns the essence of exchange trading. In this case, he can choose two ways - to use a demo account or trade immediately for real funds. Both approaches are valid, and the choice of one of them depends on the personal preferences of an individual. A demo account is a free account that can be opened at a broker's platform and involves trading with virtual capital. A trader performs the same operations but spares himself the risk of losing funds. Today we are going to find out where to open a demo account for a beginner trader.

According to the statistics, 87% of beginning traders experience difficulties at the first stages of trading. It concerns both those who have attended special courses and traders who independently studied textbooks and guides on trading on the currency market. Such a situation can be explained by the trivial lack of experience. That's why many brokers offer their clients a demo account so that you can try out the features of the trading terminal first and get to know the basics of trading without the risk of losing capital.