Imagine this situation:
You come to the Forex market without any knowledge.
-You do not know what is:
- demo account
- trend etc…
In few days you find out that you need MT4 to open trade and you find out how to download MT4 on your PC.
Now you know that you need to have account to open a trade.
What will you do? Open real account and start trading?
If you open real account and invest your money you will open a trade without knowing what you are doing. And you will lose money, for sure.
If you open demo account you can open a trade without losing any real money. You can test what is buy or sell trade.
You can learn about trend lines and indicators on both accounts so this is not so important.
Above comparison gives a details insight why is important to open demo account. To not lose money immediately. You will lose money later on for sure. Be patient.
When you practice on demo account you will not feel greed and fear and other emotional states that you will encounter on real account with real money.
When you learn a lot on demo account and figure out how system works then you can open real account with small amount money and then start practicing. Then you will see how emotions impact you and your trading results.