bigxy

Regulations does count however i better rephrase the statement by saying like regulations plus reputation which also counts in my opinion.

Knowledge require time and the traders should not rush making money, they should first learn that the patience is the key for acquiring knowledge.

Better learning on a demo account so even in the event of loss we still gain experience without losing any real money.

Exactly, i agree with you and thanks for elaborating my statement. Much appreciated!

I noticed there are some repeating patterns occurs in the trading market so we can use our previous knowledge and strategy to take the trade and make money out of it.

Platform might be helpful in winning but i guess knowledge counts more than a broker itself. What if i does not know how to trade and choose a very good reputed broker of the market?

We can also learn from other mistakes, here comes the task of a mentor so better to learn from the mistakes of others but finding the right mentor is also a daunting task.

Like every other business, forex trading also take some time to excel in my opinion but the people hassle to become rich right over the night and lose money eventually.

The trader should first figure out his personality and then decide which type of trading suits them, either they can do scalping or long term ttrading it depends on the traders personality.

Same did I and i would advise other newbies to first trade on a demo because it does not involves any deposits. It comes with virtual money which means if you lose you will not lose money but you can gain experience in my opinion.

First learn and learn, once you learn you will be able to make more money than you have planned for. However this is the point which new traders usually ommit and losses money in the market and losses more while chasing their lost money. Learning is the key in my opinion.

EURUSD is a good pair to learn and trade, i guess all the major pairs worth to be shortlisted to get the right suitable pair for trading.

Forex is not as easy as it sounds to be, every individual had to learn the skills needed to make money from the forex market. Yet, the demo account can be helpful in learning the forex processes more easily than any other learning method.

There are very few online brokers accepting the US traders.

Check for the virtual to real demo contest, it is also running for sometime and it can be fun too i tried it last year.

Agreed cent to cent percent with you.

Opening a demo account with any reputed broker and trading it can be the best way to test any broker without depositing any money with the broker.

Practice makes the trader perfect, this is what i believe and obviously the forex market is very different where many selling at the same time and others buying simultaneously and still most of them earn profits.

The new trader should focus on learning how the markets work and they should stick to a demo account in start for a minimum of six months before jumping to live trading account.

Forex economic calendar can be used to stay ahead of any forex news or event in the market.

Both the technical and fundamental analysis are required to be considered before taking any trade.

Actually this hope of earning millions right over the night make people fail in forex trading and the stats shows 90% failure ratio in forex trading.

I am using hotforex MT5 for quite some time and it is good so far, although they have introduced MT5 too but i am comfortable with the MT4.

There are a lot of brokers these days and it is really hard to find out the right broker to start trading with, so the traders or the newbies should do some proper research of shortlisting reputed brokers and finalizing the right one to choose for trading. Demo accounts can be helpful to check the broker's processes without spending any dime with them. Once the broker is selected, always start with small to find out if the broker processes withdrawal or not.

Conclusions are obvious, either you earn money or lose money and gain experience. Those who first prioritize learning to gain experience lose less money and gain more experience in my opinion.