Another great reason for Forex demo accounts is testing. We test everything here at M 5 Forex. We test platforms, techniques, signals, strategies, counter strategies, trading systems and counter trading systems. We also back test everything. In fact we back test a lot, both long and short time frames on every imaginable indicator, strategy and currency pair. Even our veteran traders continuously test and back test the 150+ indicators available on the demo platform. With a market that changes as quickly and as often as the Forex market does, this is a necessity to remain profitable. The only thing easy about Forex trading is executing the trade. That just requires a click of the mouse. There is quite a bit of work before and after that click.

And the final reason I always keep the demo account running. I never - ever chart out my trading strategy on the same platform as the one where I execute the trade. And there is a very good reason for this. I do not want the broker of my live trading platform to see what I am planning on doing. Ok. I know. It’s silly and superstitious. I know there absolutely no way my broker can see what I am plotting out on the chart on his platform. I also realize that even it was technically possible; the breach of ethics and legal issues would prevent these honest business professionals from ever using such a thing. But I do not place future orders on the live platform. I will explain why in another article.