Are demo accounts pointless?

Myth.
Demo accounts are one of the most important tools for new and even experienced traders. They let you practice strategies risk-free, get familiar with trading platforms, and understand how indicators and order types work—all without losing real money.

Using a demo account helps you build confidence and test your system under different market conditions. It’s your training ground.

Yes, trading with fake money doesn’t trigger the same emotions as real money—but that’s not a reason to skip it. It's like learning to drive in an empty car park before hitting the motorway.

Bottom line: If you can’t make it work in demo, you won’t survive live.