Demo Account
Probably one of the best, time-tested sales techniques throughout history is, “Try it out!” Whether it be a new car, mattress, shoes, guitar, single malt scotch, dog-walking service, or any other product or service, trying it out has been one of the most visceral methods to close a sale.
As personal computers have become ubiquitous, and the ability to get information on markets is available to the public almost simultaneously with professionals, companies offering trading platforms to access the markets directly to place buy and sell orders have proliferated to address the burgeoning DIY ethos.
The demo account is the 21st century version of “Try it out!” Interested parties can try out the platform using virtual money to execute hypothetical trades in real time. This allows for novice traders to get their feet wet, intermediate traders to exercise greater trading independence, and professionals to experiment with new features they may wish to incorporate into their trading protocols.