Demo account

[BubbleGum]

Demo accounts are a great way to explore a broker’s services, assets and trading platforms. LMFX offers a demo account with unlimited usage, allowing traders to trial new strategies and test new algorithms and EAs. Once you’ve registered your details, you’ll receive your login credentials and can start trading.

[mlawson71]

I think even if one is just using a demo account it's still a good idea to look for regulated companies, since not doing so is likely a waste of time. Unregulated or offshore-regulated companies are very risky and unreliable.

[chin100]

A demo account is very helpful to gain some experience and this experience can help you to make a good profit in real trading later. You can test your strategy and if it works with a demo account then it may also work for real trading.

[BubbleGum]

The next step after Demo is also very important. Many traders step in to market after successfully earning in Demo with the view that they know everything, but instead they are totally unaware of the real market as Demo is not real and it depends on fake money. Thus your next step should be to begin with small investments and increase the same slowly and gradually as you learn.