Does a demo account affect a live account?

[Digital Rahul]

A demo Forex trading account has no impact on a real account, just as a savings account has no impact on a checking account. Demo Forex trading accounts have some limitations on how they can be used and some related risks, but they also have some benefits over live accounts.

Virtual Forex trading accounts' main benefit is that they let users test out various trading approaches without putting their real money at risk. As a result, a lot of traders practise on demo accounts before moving to live accounts where they place real money bets. Demo Forex trading accounts are also frequently more affordable for beginners than live accounts due to their reduced commission rates.

Nevertheless, using Virtual Forex trading accounts has some drawbacks as well. 

For instance, the market circumstances in live accounts and demo accounts for forex trading may be different, resulting in incorrect predictions of future prices.