Tip #4   Demo is for getting to know the platform and for testing. That’s all it’s good for.

It’s for your own good if you remember this great forex tip: the reason excessive demo forex trading is detrimental is because it teaches you bad habits. Since there’s no money of yours on the line, you do not get through the same psychological experience as someone who is trading on a live account. When you lose on a demo, you actually don’t lose anything. So how can you learn about discipline, patience, moderation, and living with uncertainty by demo trading? Well, you can’t! So, only use a demo to learn the basics and to test your strategies.