Demo account plays a very important part in shaping the career of a forex trader. It enables a trader to understand the trading platform thoroughly, to begin with. Furthermore, a demo account allows a trader to try out various strategies without any worry of losing money. Additionally, new indicators can be tested as well. A professional also uses a demo account to fine tune his strategy. Programmer use it to test their expert advisors. Practically the use of demo account is endless. Without demo account, the number of traders who lose money in forex trading would be several times higher. It is such a invaluable facility offered by a broker.