CHAPTER 16THE DEMO BAIT AND SWITCH
DEMO ACCOUNT WARNING
I could spend a lot of time on this topic, especially since I have been a victim of it over the years. After spending a tremendous amount of time testing and investigating, I started to discover what was really going on behind the curtain, so to speak.
Traders should take notice that the NFA has specific rules and regulations because of some of the bait-and-switch–type tactics that brokers have used in the marketplace. I know of recent litigation with this specific suspect action outlined in the complaint.
In the forex market, brokers offer customers the ability to use a demo account, or a practice account, to help build their confidence. You can log on, open up your demo trading account, ...