Demo CFD account or live account?
Demo accounts are without doubt one of the most vital tools for successful CFD traders. As a beginner, nothing gives you the same degree of education as a demo trading account, where you can trade the markets for real but with virtual money. Even for the more experienced trader, testing out new strategies in the sandbox that is a demo account provides security and a totally risk-free environment to try out new things. While of course, real accounts are what actually make you money, much of the learning phase can be handled through demo account trading, which means you don't spend a penny until you're ready.