Purekiller
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That's a very good question.
Let's start with the advantages of demo account. Its most important advantage is that it is very comfortable to learn from. You can try your skills in trading without risk, maybe even test the trading system and how it behaves in the market. Also with the help of demo it's much easier for you to understand how the market works.
As for the disadvantage, with a demo account you don't feel responsible for your decisions and your choice. You can easily start anew with a new amount of money, although this won't happen in your real account.
Let's start with the advantages of demo account. Its most important advantage is that it is very comfortable to learn from. You can try your skills in trading without risk, maybe even test the trading system and how it behaves in the market. Also with the help of demo it's much easier for you to understand how the market works.
As for the disadvantage, with a demo account you don't feel responsible for your decisions and your choice. You can easily start anew with a new amount of money, although this won't happen in your real account.