bigxy

Robots might be good however they cannot beat the manual trading moreover they are usually coded to follow technical analysis so they may require some due monitoring while the highly unpredictable markets.

One single bad trade can kill up to the entire account so it is necessary to cut off losses earlier and taking risks to that extent which we can afford to loose.

Demo accounts are offered by almost every broker with free virtual money to test the broker processes without investing any money with them. Live accounts are where you deposit funds in order to initiate trading.

Brokers have made it easier for every trader these days by providing the required technology needed to initiate trading. MT4 and MT5 are good software which can be accessed through mobile phone or any computer, laptop to trade anywhere accross the globe.

It is good to take one pair and specialise in it rather than goining into too many pairs and getting lost in them..

Actually you are right, there are a few traders which luckily makes some profits by scalping however it is not that easier for everyone i guess.

Yeah that is a sad reality because money make money and we have to invest and take risk in order to get rewards.

How much pips you target every day or weekly..?

Agree to you because these crypto markets are still in their development phases i guess, forex on the other hand is a full fledge market with enough liquidity and popular pairs to trade.

Those who simply goes to live trading obviously loose money and some looses more while chasing their lost money so good to have a demo account for practicing where the traders have nothing to loose or win except they can take experience while trading with the virtual funds.

Signals can be some hard nuts to crack that is why i use to follow economic calendars and news sites to make my own trading decisions and they works most of the time, rest there are few bad trades which i usually use stop loss to cut my losses earlier.

Emotions should be set aside while trading forex and i guess it is better to have a proper trading plan in order to avoid emotions being interrupt your trading.

Experience takes time to come however the traders are required to be very patient while trading and learning from their mistakes. One good way to review mistakes is to go through your trading journal on weekly basis.

Technology advancement is in every related field and with the new blockchain technology i guess there might be some sure solutions in the future, lets see how it goes in future.

Take risk to that extent which you can afford to loose in my opinion.

It is good to choose an establish broker who have some past repute otherwise there is a way long list of brokers which starts up every day and another list of those winding up businesses.

It take time to build knowledge required to make technical analysis i guess..

Scalping not recommended option for new traders, better they should choose trading longer time frames in start. For scalpers i guess low or no spreads accounts are recommended however in some cases many brokers claim zero spreads but charges commissions which are too high in my opinion which does not cover transaction costs, so better check the brokers properly before going with them.

If you are ambitious in becoming a real success trader then start practicing and learn the skills which are required to make money out of forex trading market, good luck!

Looking forward to see you posting technical analysis soon, btw when you planning to start showing us your skills. I am interested in EURUSD, Cable and Gold.

Scalping can be good during high volatile markets however new traders should not start scalping right in their learning phases because the chances are that they might loose money as they are unaware of the market conditions.

Obviously real money is needed to make money, otherwise there are many options available in the demo account where you can make a lot of money with virtual funds but they cannot be withdrawn.

Demo account can be one of the biggest asset for any successful trader so those who w0ishes to become successful in forex trading should not ignore the importance of demo trading.

Well said, i must say that the retail traders should change the way they think, better if they start thinking like institutional traders if they wishes to earn more money from forex trading.

Only one tip, choose the brokers which are among the most reputed brokers in the past. Otherwise there are many examples where even regulated brokers turned into scam overnightly.