Absolutely Yes. Practicing in the demo accounts help beginners to get the realistic approach on the trading while learning.
the beginners level always try to avoid demo account , because there is no similarity the result between demo and live account.
Beginners should trade stocks, not the forex market. High leverage, stop hungry brokers and more traps await you in the FX world. Learn to trade first slowly with equities or commodities, then move to the racetrack. You'll wipe out if not and worse, learn bad trading habits.
its true but there is no way to ignore this trading place , you must have try this trading place as basic knowledge of trading.
As a beginner in the field of trading, you should never risk your entire capital because if you lose, you will lose it all. It is always recommended to start trading with a minimum amount. Use a broker that has a low min amount requirement. Some good ones are fxview, xm, instaforex. Also, start with trading only the major currency pairs and do not use very high leverage.
I'm new to forex and currently trading with a broker FP Markets demo account, and for the first month, I found forex trading very complicated, but slowly I'm able to get the hang of it. I think the more focused and less profit-motivated you are, and it would be easy to understand the basics of forex. Some rush into due to greed and blow their accounts.
Some advice, i traded long time. Manual trading is very difficult and unrewarding V your efforts. get a good automated system from reputable firm like alnotrade.com then do something interesting with your time in the real world! Good luck!
I have seen many traders now looking for automatic trading, you can find an active forum like as soehoe.id for looking free ea, but should carefully, in-crowd forex community some people may be as scammers, in my STP account FXOpen, I am also trying to use ea but also still I drive manually.
in COVID19 situation so many people join this market and trading at random with no analysis , as a result they got nothing and ultimately blame this market place.
Maybe they still new in forex like as the most other beginner, think if forex is easy, but when dealing with the market their emotion gets in touch, one loss then anger, emotion and lead to make a bad decision again.