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Yes you are right but you must have the knowledge to be able to make profit from it. Studying and learning is something you must be consistent at to be able to win

A student can definitely start trading forex but my advice is that it should not affect you studies in anyway. in forex your mind or emotion is involved and if you are not careful you may loose trade and become emotional and this of course mat affect your studies.

I will not advice using robots as they can fail anytime. It is better to have the knowledge and be able to know how to trade anytime and whenever.

To choose a broker, you have to read different review of them. Check out their spread and how fast they execute.

Demo account is very important for beginners. It helps newbies master the act of trading before they can stat a real account.

if you cannot control your emotion and be patient then forex is not for you. if you are not ready to study and learn, then forex is not for you.

Yes you are right. you have to know the strategy that works for you and what does not work. The best strategy for me is to not open too many trades

Yes i agree with you. better still you can use no deposit bonus from brokers who offers it. at least you stand the chance of not loosing you money

I think it depends on the trader. you decide what you want to make and you know the market always always fluctuates. So many things come into play when you talk about monthly return.

The secret of success in forex trading in my opinion, is your ability to handle risk management. minimizing your loss and maximizing your profit.

Yes forex is a risky business for the one who is not ready and prepared for it. but for the one who is prepared, forex though a risky business can be handled.

I don't think it will lead to long term losses instead it will help protect your account from further loss.

I prefer forex trading to binary trading. The risk involved in binary trading is quite high. To avoid this it is better to study and learn forex

Yes you're right. I think daily platform will be better for a newbie. Scalping is a risky path to follow for a newbie. But just that many newbies are impatient

In my opinion, it is as long as you have mastered the act of forex trading. And this is not something that happens in two or three months but for like six months to one year.

Well said @Pettyeve. Good psychology helps and leads to good trading

No i do not think that is a wise thing to do. At least a four hour trading platform should be maintained by a newbie since it helps you see the direction of price

In my opinion, both new and old traders should not trade full time. part time is better in forex trading.

Yes you are right. Successful traders must learn not to be overconfident in your trading. It can actually be challenging to be overconfident when you are a successful trader

Yes it is possible as long as they are trained and knowledgeable about forex trading trading. Forex is indeed a large with great potential to expand.