There are many currency trading strategies, one of which is using trading signals that help you interpret where price is heading. One method is candle charts. When candles charts look a certain way, they can mean price is about to reverse. There are candle formations like, spinning tops, hammers, train tracks, doji’s and more. All of these may mean price is about to reverse. Using a simulated trading account can prevent you from making losses, as you are only using make believe money – but you can’t make any money, as it’s just make believe money in a demo account. This is good for helping you develop your currency trading skills and see which currency trading strategies work best for you. If you’re willing to sacrifice making profits for a tme in exchange for getting some good practice in, you will likely be better off in the long run using a demo account initially.