How real is WWE?

Barely real : it's almost all scripted. Sometimes an accident happens, but its not real fighting.

The action is real, and learning all those moves is important because a wrestler can still get REALLY hurt even when no one is trying to do that.

Another Answer:

WWE is considered sports "entertainment" or professional wrestling. The company includes scripted storylines, segments and pre-determined matches. The wrestling is for the most part fake, but they make it look real as much as possible. However that doesn't mean the wrestlers don't get hurt, injured or bloodied by mistake.