Indeed! Forex is difficult to trade because it fluctuates every second. Before trading, a trader must thoroughly research the market, develop a strategic plan, and understand the market.
Forex does not operate on shortcuts. It can only be improved through strategies, experience, practice, and market knowledge. Shortcuts are never an acceptable solution to any problem.
A trader should have a well-thought-out strategy and trade accordingly. Trading must be halted because it encourages excessive trading. To avoid risk, a proper schedule is required.
Indeed! Forex is unpredictable because the market fluctuates every second, and human nature is incapable of predicting every second. Markets react to uncertainty, and human nature remains constant.
From the list, I'd say proper regulation, lower commission, tight spreads, and quick withdrawal are some important considerations when selecting a broker. It is better not to follow someone else's advice; rather, after taking suggestions, determine whether the broker is right for you.
In my opinion, I think discipline, determination, consistency, daily market analysis, and years of continuous learning and practice separate professionals from beginners.
It is important to follow the basic of the trading. Jumping without an understanding of the basic can lead to loss and make it difficult to survive in the market in the long run.