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Traders use the demo trading account for various uses. Before trading you can learn about Forex market by applying the demo account, even you can use it before trying any new strategy. The demo account is actually very useful. With FXdirects Company I have used the demo account that is much helpful and give accurate trading knowledge t the traders. I always try it before trying any new strategy in my trading career.
The demo account I have used in my trading life with Forex4you broker. Because this broker gives all most all the real trading tools in their platform. There are many brokers who allow demo trading account but I choose this broker because they are very transparent and active to provide fluent trading services. I used their demo account for continuous six months. After completing y learning process practically I start real trading.
Demo trading is important if you know how to use it. No matter you are new or old traders. If you are old traders you must know with a single strategy you can not make profit all the time. We need to change according to the market condition. To test your strategy demo account is the best place. You can't lose money by testing on live account. For demo trading a good broker is also important. A broker whose demo price is well synced with live market like XeroMarkets broker.