What is dummy account? Is there any difference between
dummy account and suspense account?
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Answer Posted / raghesh
In order to become successful in forex trading, you need to utilize a demo forex trading account to get you started. It will help you become familiar with forex prior to indulging in actual trading. With a forex dummy account, you can have a simulation of the real forex trading scenario. You can use the account to practice your strategy and skills as well as build up your confidence level. On your own, you will be able to determine if you are already prepared for the challenges of trading in forex. When you are ready, your next move will be to open an actual forex trading account.
An account that is used to store short-term funds or securities until a permanent decision is made about their allocation.
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