Obviously when you start trading the forex market, you are going to have to use demos. Everybody does it, and rightfully so. After all, you have to understand what you are doing first before you start trading with real money. It would be insane to do it otherwise.
HOWEVER, there are way too many traders who don't want to take off the training wheels. I've heard of traders who have been trading demos for over a year without ever opening a real account. Chances are that these are traders who will probably never see success in the market.
Frankly, they are too scared to trade with real money. It's a problem that a lot of traders face. Everybody knows the statistics. 95% of forex traders are losing money. I guarantee you that there are a lot more than 5% of forex traders who are making pips on demos.
It's obviously a lot easier to trade when there is no actual money at stake. The problem is you are not really dealing wih fear and greed when you are on a demo. You have to be able to test yourself and see if you can get a hold of your emotions when you trade for real money, because it does have an effect on you.
I've seen traders who have done phenomenally on demo account. Once they opened a real account, they crashed it. They just couldn't handle the drawdown, and they freaked out. It doesn't matter if you are the greatest trader in the world. If you can't handle your emotions, you are going to be part of that 95% who are losing money. It all starts with getting rid of your demo account.
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