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  1. Nothing guarantees your success in trading. It's a difficult occupation. You can increase your chances though, but being disciplined and organized, learning as much as you can and taking as few risks as possible.
  2. What currency pairs do you prefer scalping?
  3. Indeed. It is the prudent way to start trading. Once one gains more confidence, they can expand.
  4. If one is doing demo trading right it should not be simple to begin with.
  5. It takes as long as it takes - different people have widely different learning curves, so it's not a good idea to compare oneself to other traders.
  6. I think it is important to pick casinos with proper license from a gambling regulator to ensure that they are safe. The gambling itself is a matter of luck.
  7. True, experimentation is often overlooked. You got a new idea about a strategy? There's absolutely nothing holding you back from testing it on demo. If it works, it works, if it doesn't, you won't lose any money.
  8. I think it is important to be profiting more than you are losing to even consider going into a live account.
  9. It can also help experienced traders test their strategy and their EAs in a safe environment, so they do not lose money. People often underestimate how useful demo can be even to traders who aren't newbies anymore.
  10. Personally, I use Metatrader 4 because I find it to be both simple and intuitive to do so, but to each their own.
  11. Nobody can trade on all currency pairs and be successful. Pick a few of the more popular ones and try them out, then narrow them down to one or two at a time.
  12. True, researching your broker is vital to avoid scams, unfortunately. One cannot trust anyone blindly in this industry.
  13. The main criteria is regulation - if the broker has a proper license from a reputable regulator, then it's important to see whether their trading conditions are good.
  14. I wouldn't say that. I think spending a lengthly period of time on demo, only learning the ropes without stress, is a prudent thing to do.
  15. The broker I currently use is regulated in the EU and I am satisfied by the regulatory oversight it receives.
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