Demo account
A practice account with virtual money. Use it to learn a platform and test position sizing before you risk real funds.
Related terms
Risk per trade
The share of your account you lose if a trade hits its stop loss.…
Cent account
An account denominated in cents, so balances and lot values are…
Forward testing
Running a strategy in real time, on demo or small size, after…
Balance
Your account value from closed trades, deposits and withdrawals,…
Broker
The firm that gives you access to the market, holds your funds and…
Commission
A fixed fee per lot charged by some account types, usually…