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Managing your capital and profit both is very necessary. It will help you to increase your investment capital and to save some amount in your savings. Because it is necessary to save money as well as increase the capital to earn more profit.

Well, i think you are little confused. Demo account is such a place where you can trade at real market with virtual cash. That means you don't get or lose when you get profit or loss at trading. It is used for practice trading purpose.

Yes, it is true. There is lot of opportunity to earn at forex trading but it depends on us that how we utilize the chances. Because forex trading needs lots of dedication to learn and practice the trading skills.

Yes.. I totally agree with you. Lack of capital never becomes an issue at trading if you have the sufficient skills and knowledge about forex trading. There are many people who have started trading with a low amount and now earning a good amount.

Well, it is true that if you have a good stock of strategies then it will be very easy for you to handle tricky and difficult situations. So it is always advised to experiment and learn different strategies at demo account.

Yes, it is true. Expectation need to be based on the capital invested and the leverage used. Yes there is an exception which is if the market is very good then you can get much more than you expect. But it happens very rare.

Well, not only for newbies but also for experienced traders it is very necessary to stay updated with the news. Because it will help you to trade at specific timing. For newbies it is more necessary to stay updated.

I agree with you with some extend. If anybody is capable to work for long time then i don't think there is any issue. Yes, if there is any problem while trading then you should stop trading and think about the mistake.

Yes, it is true that you can trade at real account and as well as we can practice at demo account. It helps us to learn how to handle at tricky situations and as well you can experiment whatever you want.

Being greedy at forex trading will cause you the lose same as the story where a dog was crossing the bridge with a bone in mouth and saw its shadow in the water. And everybody knows the result of the story.

For beginners it is always advisable to practice alot at demo acount. Because it is the only place where anybody can practice and learn free of cost and without any tension of losing money. As no charge is required to open demo account.

Well, it is not enough just to practice at demo trading. The important thing is to practice and learn at demo trading whatever you get. Because there are many thing to learn except trading at demo trading.

well, forex is very complicated business and it takes lot of time to understand about forex trading. So it is not our task to change anything in forex. Because we will be unable to do that. So it is better to apply what we learn.

I don't think that there is any problem to practice for many hours. It depends on you that how much you can take. When you feel tired or frustrated then stop practicing for while. Because when you lose concentration, it is obvious that you will make a mistake.

Yes. It is true. I agree with your words. If you have the idea to learn then you will get all the study resource from the internet without any cost. All you have to do is to learn theoretically and apply it practically.

Well, if you don't have the knowledge about forex trading then luck cannot help you to earn. And if you are unable to earn and lose your money continuously then your family also will not support you.

Well, most of the time I prefer EUR/USD and GBP/USD. Because I get most of the movement in these pairs. But I try most of the major currencies pair. It helps me to gain knowledge about the market of different currencies.

Forex is not a product or a plan with a fixed price. You can trade at forex with your own capacity. There are many experienced traders who have started trading with very low amount and now they are earning a good amount.

Brokers never ask for your qualification certificates for trading. So there is no such bound on minimum qualification required. The most required thing is the knowledge and the skills about the forex trading.

Well, it true that it is very difficult to control some emotions like anger, guilt, greediness etc while trading. But you have to control all this things. Because there is no other option. Because if you avoid all this things then it will create problem for you.