Trading accounts can vary widely based on the investor's needs and preferences. Live trading account allows traders to engage in real-time trading with actual money. This account type provides access to the full range of trading instruments and market conditions. Traders can execute trades, manage their portfolios, and utilize various trading tools and strategies. The profits and losses incurred in a live trading account are real, making it essential for traders to have a solid understanding of the markets and risk management techniques.
Demo trading account is a simulated trading environment that allows traders to practice and refine their strategies without risking real money. It provides virtual funds and mimics real market conditions, enabling traders to gain experience and confidence. Demo accounts are ideal for beginners who want to learn the basics of trading.