The markets are "rigged" against those who don't know what they are doing and lack the disciplines to do it.
Demo, Micro back to demo, back to Micro, repeat until sorted then don't get greedy can make more than enough to live off via Micro!
Demo accounts allow traders to trade without risk. It is basically for learning. Micro account is an actual trading account that allows traders to trade with 1000 units of the base currency. If you are absolutely new to trading, go for a demo account and after learning the basics, go for the micro account.
That really depends on what level of trading they are at. If he or she is an absolute beginner, I say go with demos but if they’re somewhat experienced, micro accounts are great.
If you have gained some experience, then go for a micro account, or else, start with a demo account only.
I would suggest a demo account first. Go through various features of the trading platform, test your strategies on demo accounts and then switch to micro accounts.
I completely agree with you. Newbies don’t need to risk money when they can practice trading on a demo account without having to risk their money. It is the best way of putting your knowledge to the test and seeing where you stand.