What is dummy account? Is there any difference between
dummy account and suspense account?
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.
| Is This Answer Correct ? | 7 Yes | 6 No |
Post New Answer View All Answers
What is Subsidiary Company?
What do you mean by refinance?
Pass the Journal Entry of Debentures Are Issued Other Than Cash?
What do you know about Pay Pal?
What are NBFCs and difference between NBFCs and Bank?
Which bank comes under the category of apex banks.
What is the Banking Ombudsman Scheme?
Why credit suisse?
Tell about fiscal policy?
What are the features of debentures?
what would a proxy server do? what is primary domain controller? what is DNS?how does it differ froma DHCP?
Tell us about your latest qualification?
The CEO of a $500 million company has called you, her investment banker. She wants to sell the company. She wants to know how much she can expect for the company today.
financial managers are responsible for obtaining and using funds in a way that will maximize the value of the firms. Please explain.
Which is better for investment- fixed deposits or mutual funds and why?