Forex can be an extremely successful venture, but you’re not going to reach the potential you have as a trader without the proper amount of prior research. Fortunately, a demo account will afford you that opportunity. Follow these tips to gain the most knowledge from your demo account.

Forex is ultimately dependent on world economy more than stocks or futures. Before you begin trading with forex, make sure you understand such things as trade imbalances, current account deficits and interest rates, as well as monetary and fiscal policy. If you don’t understand the fundamentals, you are setting yourself up for failure.

Keep two accounts so that you know what to do when you are trading. You want to have one that is for your real trading and a demo trading account that you play around with to test the waters.

To maintain your profitability, pay close attention your margin. Boost …