i don’t think demo trading is essential
it’s clearly been of great benefit to many people, though
i think people who can afford to lose $300 or more as part of their learning process are probably better off trading with real money while they learn and practice
as long as they understand that they’re going to lose it
the big mistake many people make, unfortunately, is trying to start and practice with $100 or even with $50 instead
that doesn’t usually work, and doesn’t normally help them much either, because it’s very difficult to use sensible risk management with so small an amount
you need about $300 to be able to trade a single micro-lot (0.01 lots) with sensible risk management parameters
it’s true that you can open an account at a broker that allows infinite granularity and trade even smaller sizes than that, but how many people really do it? people at that stage just don’t know how to, do they?