If we have no basics Forex knowledge how we start live trading? Before start live trading we must learn the basics Forex trading knowledge from practicing on Demo trading account and I think it must continue minimum 2/3 months. It is very much true and important for traders to learn first and then do live trading. Forex trading is very risky and unpredicted market. We must learn first how to make a plan, strategies and also try to learn how to use different tools of Forex and then we can start live trading, I believe to meet those criteria in Forex trading Demo account is very important and appropriate.