Is demo a step before real trading?

True. The purpose is always not to lose the account though.

Yes, the demo is important, and beginner traders should trade using the demo account before entering live to learn about the forex market and familiarize themselves with the platform's software.

Of course...

Demo trading is essential before the start of real trading.

For sure. Demo account is for you to get familiarize with the interface and the functions.
And then you go on to using drawing tools to find the ideal way to draw the chart.
And then you go on and try everything else you want...BUT you will never get to overcome the biggest obstacle in trading no matter how long you trade a demo account - greed and fear a.k.a emotion.
So don't stay too long on demo else you will be wasting time.

If you are an inexperienced trader, then going with a demo is a good decision. You will get to develop trading skills. However, starting with a micro account is beneficial as you get to trade in the real market and with better consciousness.

A demo account gives you the opportunity to practice forex trading. It also helps you decide if it is the right business to invest in and gives you time to experiment without worrying about losing your money.

right now i am trading in demo where using all exotic pair to se the performance how it works , its really a good platform to avoid unfortunate risk and losses in a real account.

Not bad but my advice to you can be to master one major pair at first and then go for more and exotic pairs.

thanks for your advice , i will try to apply during trade

Don't be fooled. Your effectiveness can only be shown over a long distance.

Yeh. Here are the advantages why people do demo trading before real trading:

No risk. You will not lose real money if you make losses due to wrong decisions.

Self-analysis. Working on a demo account allows you to identify all your shortcomings in market analysis, trading decisions and strategy.

No stress. Real trading causes emotions of greed and fear. They often do not allow traders to see the key information, required for efficient risk management. Paper trading keeps away from the emotional roller-coaster, that is why a beginner trader can completely concentrate on the strategy.

Practice. A beginner acquires experience in every element of the trading process – from preparation for a trading session to the final registration of a profit or loss. If traders have access to a demo account, they learn how to use software for trading real money in an easy mood, where pressing incorrect buttons wouldn’t result in a financial catastrophe.

Confidence. Making a number of complex decisions, which are rewarded with a hypothetical profit, has a big significance for building confidence, so that a beginner starts to feel that he could do the same when real money is at stake.

Statistics. Trading papers from several weeks to a month allows to collects useful statistical data about a new strategy and market approach. Bare figures will help you to come back down to earth or, vice versa, to prove applicability of your strategy and suggest ways of its optimisation.

yes, then it goes into over time.

you guys into Norse myth?
Since wars can be long there were will be an auto selection... people will get tired, so then both sides will call it a truce.
Therefore, Valkyrie & Freya share the responsibilities with half of the soldiers each.

That's why Odin just sends out Valkyrie and then the soldier's fates in Valhalla will be up to the gods in Ragnarok, which is the final battle.
And the soldiers have no choice as the universal order and their fate is completely sealed into one big final explosion/energetic push and the cosmic cycle will wane as it is completely destroyed. Now with all of the lost souls...the energy is turned into a new cycle. And therefore no personal individuality exists because it's an entirely new setting, which is why no soldier likes to arrive to Valhalla. It's unpleasant because it's a destination for heroes that removes your personal liberty and your right to choose and live. Basically a damnation for heroes.

its a very fine reply about the importance of demo. agreed with all the points especially no stress and practice attitude. beginners will be benefited for sure. thanks for your nice post.

Maybe thats why in real life Vikings used a little extra, just to keep their energy unredistributed for a bit longer
https://www.caymanchem.com/news/drug...flict-and-wars
https://medium.com/@jb560382/the-ver...s-c8e5dbf1b223

you gave importance to trade in demo for beginners level. but as a new Fx trader that is really difficult to continue in here. for that reason i prefer cent account for practice.

Yes exactly. Moreover, I use a demo account in parallel with real trading. Helps me to master new techniques.

I think demo trading is essential. Here are some advantages that shows how demo trading is super beneficial for us:

See if You Like Trading Currencies – Those new to trading currencies or trading in general can use a forex demo account to see if they are mentally and emotionally suited to the rigors of trading forex. Everyone is different, and some folks might really enjoy trading currencies, while the activity may not suit others’ tastes, personalities or lifestyles at all.

Trade Forex at No Risk While Training – Novices who are still learning to trade currencies often feel considerably more confident putting their real money at risk in the market if they have a chance to try things out first. A demo account lets them put their training into practice in a close to real life environment without putting their real money at risk. This allows them to make common beginner’s errors while they learn without having to pay for the consequences out of their own pocket.

Practice Good Money Management Techniques – One of the secrets to enjoying long term success when trading forex involves learning to implement well established money management principles. A demo account allows a new or experienced trader to practice such techniques thoroughly on real exchange rate movements and see for themselves how the typical benefits accrue to their demo account in virtual money profits.

Learn to Manage Your Emotions When Trading – One of the most challenging aspects of trading for many people involves learning how to manage their emotional responses to winning and losing trades in such a way that it encourages overall profitability. Coping appropriately with otherwise normal psychological responses to making and losing money — such as fear, greed and hope — can often distinguish the successful forex trader from the loser.

Test a New Trading Strategy Without Risking Real Funds – Wise experienced traders and novices alike will generally want to test the success of any fresh trading strategy they come up with before implementing it in live trading environment. This allows them to accustom themselves to following the system and to work out any bugs in it that might become apparent while using it as real exchange rate movements occur.

Try Out a New Broker’s Trading Platform – Unless you are using the MetaTrader platform that a lot of online forex brokers support, you will probably want to use a demo account to see whether a new forex broker’s proprietary web or client based trading platform is suitable for your trading needs.

Check if a New Broker Has Helpful Features and Services – Forex brokers eager to have you open a live trading account with them will often give demo traders access to their special client features, educational and news services, and customer support departments. This can be a great way to check out the quality of the broker’s overall services before committing any real trading funds to make sure that they are the sort of trading partner you will want holding your account.

The demo account is to be familiar with the market and brokers. Only after understanding can you better use the real account

Yes proving strategy on demo is crucial!