Demo could only help you out in learning the structure of Forex Market, to earn real experience, you should do small investments in the Real Forex Market.
Same difference, either you are profitable or not. The only difference is whether you are trying to scalp manually, in which case you will lose anyhow. That leaves longer timelines, which then takes out the emotion, which ends up making demo the same outcome as live.
Demo Trading doesn't involve the risk of losing money and hence you cannot always predict in the real market, hence Demo is good for learning, but to earn, you have t learn through investing in real market.
Traders can use demo accounts to test trading strategies without using their own capital. The main benefit of a demo account is that it creates a risk-free environment to learn about the Forex market. It also allows traders to familiarize themselves with trading tools and Forex platforms without risking any capital.
Demo forex trading is a great way to gain vital market knowledge and understand how trading in the forex market works. It’s essential for a beginner to practice first on a demo account.
I agree that demo accounts are a good way of getting familiar with a trading platform and getting an impression of the live market conditions. But since they offer simulators, you won’t get well-versed with the live market and won’t even be able to prepare yourself for that. So, it’s best to start trading with your real trading account as soon as you have learnt how to use a trading platform and what basic functions your broker offers.
Demo is a nice way to learn about the structure of the Forex. But Real Knowledge comes with the trading in the Real Forex Market, as in Demo Trading there is no risk of losing.
the demo is really important but i have seen the knowledge we get from demo account actually not works in a real account, its real psychology. we cant focus when trading in a demo.
Yes this is due to lack of emotional pressure, basically this is a driver for evolution in trading since this is a real challenge.
It is very different when trading uses a real account compared to a demo account, emotion pressure in the demo account is very low, but in the real trading account, emotion is real, fear, anxiety, angry, etc.