What is your honest review of the Demo account?
Do you think that should spend so much time trading on a demo account? I believe that in demo trading, there are no real consequences for losing "money". If you notice, the pain is different than the one felt when you actually experience a loss on a live account. Demo trading simply helps the newbie get acquainted with the trading platform, and it should only be for a few weeks. Compared to live trading, demo trading lacks the ability to mental and emotional resilience. For me, the real trading education starts where demo trading ends. What do you think?
I'm totally against the demo account because I think a trader will never learn real trading experience with a demo account. The person is trading with virtual money and there is no gain or loss during the process. A trader who isn't having any emotions during trading process is totally a newbie trader because he/she would never learn what the trading is, and how losing could cause sadness and emotional damage. A trader who does trading with real money learns the steps with experience that how he/she could save his/her current capital and earn more money with the help of trading. Such traders always try their best to do proper technical analysis and research the news articles related to the pair they are trading.
A good level of trader is not created over night, a good trader becomes good because of experience of trading with real money. During the process of trading the trader learns from his/her mistakes and fixes those mistakes in next trades. The more a trader trades the higher experienced he/she becomes. The trading experience is not only limited to learning technical analysis only. A trader also needs to learn other skills like emotional control during the trading session. If a trader has no control over his/her emotions then such traders can never be profitable in long run.