For me too there is no proper learning without demo trading. It is your basic trading training. Although you can not apply the whole result of a demo on live account even then too trading needs a lot of time to know all about the forex market that a demo account facilitates you to become a learned trader. A trader should avoid being over dreamed and overconfident with the performance of demo accounts.not sure i agree on the demo account, while it is very different to a live account i still think its a really important part of learning, i would never advise anyone to jump straight into a live account. if you cannot make profit in a demo you have no chance in live. the other thing i always think that if you haven't the patience to learn properly then maybe you don't have the qualities to be a trader.