This way will give you real training when treat demo like your real amount . Give full attention to trading and its effects then trading is useful . Demo is not for sake of order placing it is for learning. Capital counts a lot in profit taking that is why demo traders are happy to gain money because they can take higher risk and not are facing actual loss . Trading with real money is actual challenge for them to which they need to be prepared properly.Demo account indeed useful, but also we must forward to real account, this as the second step after we learn with demo account, if not yet ready with your capital in real account, actually now already there are some broker that provided low initial deposit, we can start even use 10$ or 100$ for learning trade in real account, it will useful to build up better psychology
I don't think there are any forex brokers left which don't have demo account for test. People simply won't be able to check their services that's why there will be very low incentive to sign-up and deposit money with them. Brokers ought to be completely transparent in providing clients with information about opportunities and risks of trading as well the range of their services.You know some brokers may not even have some demo accounts if they even need them, not sure why though. I simply don't get that all for understanding. I think it's a must even for conversion them to paid later. Cause people may be reluctant to give money at start.