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Yes, definitely, trading is all about continuous learning and how you turn that knowledge into profits. During the process of learning and implementation, what you gain is experience. So yes, they complement each other.

Successful trade varies from trader to trader. For me when I hit my speculated target and achieve what I have set for a particular trade, for me that trade is successful. But maybe for other traders the profit that was beyond their expectation is a successful trade.

Yes, but when it’s unexpected then it can give rude shocks as well.

Always the right thing to do

It totally depends on what sort of trader you are; if you are here for a shorter time, then do scalping. If you plan to stay here with long-term goals, then I believe long-term trade is beneficial. Both depend on trading strategy and market volatility.

Foremost things you need before starting forex trading: you must test out things such as the charts, economic indicators, and expert advisors.

Taking revenge in forex trading is not a good idea. As the saying goes, revenge is like drinking poison and waiting for the other person to die.

Low spreads are a must for me too. That’s how I found FinproTrading. Along with low spreads, their commissions are also low.

Absolutely, having proper knowledge leading you into trading is much better than just following advice blindly.

Trading isn't just a numbers game.It requires a lot of patience and due diligence. Traders cannot just rush towards every trade they find interesting. A proper market research is required so it is necessary for the traders to be patient.

Leverage is a good tool for currency traders, but you must absolutely know how to use it properly.

It gets frustrating for those who let their emotions take over their decisions. A practical trader would always respect the market movements and understand that it's not his day today, however an emotional trader would always ignore this and go on the route of revenge trading against the market...

In order to become a professional trader it is important for an individual to be educated about the market and its movement. They should have the optimum knowledge about money management and risk management in order to succeed in forex trading.

@forexstudio I agree, finding a suitable forex broker isn't easy. After months of research I came across finpro trading. Who are you demoing with?

Every successful trader made mistakes and learnt from them. The reason they are successful is because they didn't over trade but assessed their strategies and worked on them

MT5 works well for me ,The UI is pretty simple and navigation is easy . It has all the necessary tools that are required for modern day trading.

Most traders think of going on a revenge trade spree because they believe they can beat the market and get their money back with profits ; and that's how they blow up their account.

@Eduardo Lucchese I differ on that, if a broker is offering a proper trading condition and a competent customer service, then I feel it doesn't matter if they are regulated or not.

I think meditation helps a lot when a trader is going through a really tough phase in the market and helps them to avoid revenge trading.

Learning is like the first step in the forex market , without it a person cannot become a professional trader and would continue to make silly mistakes.