Both trading accounts call for various trading strategies. Demo accounts are still useful despite the fact that you can't take risks with them. Demo accounts function best in terms of skill development. Utilize them to improve your trading abilities. You can later switch to a live trading account.
demo is good but honestly speaking the result we get from demo actually not works when trading in a real.
Agree, a real account means no mistakes. The psychology changes allot especially if it is your primary source of income. Market orders sometimes do not complete at the precise moment hit the key. The nanoseconds can mean trading strategy has to change on the fly. Just as an exersize I went really old school to a bank and traded at the bank desk. I would recomend this to any new FX trader just to how far the system has come. Akuma
the demo account is really important but we don't believe the importance of this trading place at all.
Agreed, a demo account has its own ways of making us learn various trading skills because of the liberty of risk, and in real accounts we can apply them once we get our trading abilities improved.
Keeping a demo account along with a live account is a great way to backtest your strategies and methodologies before using it on live to ensure the usefulness of the new approach.
It is up to the individual whether to maintain both accounts or not. The main distinction between the two is that real accounts allow you to trade with actual money, whereas demo accounts only allow trading with virtual money.