For some new online Forex traders, predicting the fortunes of currency pairs seems like a simple way to make some big bucks. However, this couldn’t be further from the truth. Even though online Forex trading sites such as eToro (your capital is at risk) have opened up this once exclusive investment opportunity, there are still many professional traders and financial institutions out there trading against you. This is why practice accounts are perfect for novice Forex traders.

All too often new Forex traders deposit their funds and start trading without the necessary skills and experience to trade successfully. This can lead to serious financial loss. However, practice or demo accounts, like the ones found at eToro (your capital is at risk) and other leading online Forex brokers, can offer you the necessary experience and market familiarity that’s required to get ahead.

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If you’ve never staked your own money speculating on the fortunes of currency pairs then there’s a great feature for you at ForexYard, a feature that is the perfect place for novice traders to start their exciting journey into the world’s currency markets. Practice Forex accounts are a ‘must’ for new traders, as they offer you the chance to apply your knowledge, skill and instincts without risking your hard earned cash in the process.

For decades Forex trading was reserved for the privileged few, the ‘good old boy’s of the markets, with no opportunity for retail investors like us to make a few quid speculating on the future of currency pairs. However, the arrival of the internet brought with it online opportunities that have allowed online Forex brokers such as ForexYard to offer trading to you and I from the comfort of our own homes.

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