Actually we can learn forex trading processes more easily through trading demo than learning form any other resources. Demo accounts comes without depositing any amount with the broker so we can also test the broker processes free of any cost.
Choose a micro trading account if you are ready to take a risk and confident of your trading skills, else go for a demo account.
Obviously it would be a trader's own choice choosing a micro or a demo account but what if a person does not know what to do in forex should only blow up his account if start with either a micro account or a regular one and maybe demo too. So, the demo comes up with free virtual funds and if these funds are gone the trader lost nothing but can learn from the mistakes himself.
If you think have a basic idea of how forex trading and the strategies used in it, then you can trade a micro account, otherwise, a demo account seems a wiser option because you will learn a great deal about forex trading without risking real money in a demo account. So, both have their own significance, it’s just that you need to figure out what suits you the best.
demo is good butt the knowledge we get from demo account actually not works when trading in a practical account.
I started my journey with a demo account. You can trade on it for a while, at least six months. Traders switch to a micro trading account once they become confident about their skills.
Trading in demo and micro account the difference is demo account using virtual money and trading demo account not involved emotion, and usually start with high deposit more than $5000, trading no stop loss in demo remain relax, it will differ in real account.
in demo we the traders cant trade with serious mode. but in micro emotions work and we trade with more carefully.
When I started trading, I started with a micro account, and I lost for quite some time. Those small losses added to a big number for me. So I would recommend traders not to make the same mistakes. You can’t win without technical trading skills! Thus, utilise your time and demo trade before taking a risk.