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As a beginner trader should not be planner he should be firstly a good learner because today's learning helps in future good execution so the first plan for the beginner will be the learning as much as he can and start the trade in with low investment but tray to make huge profit from it and so on.

Forex business is the best opportunity for the poor people because poor people can earn in forex and day by day they will rich. Everyone can do forex trading, as well as the poor. forex is not just for rich people who had more money.

I do have my own strategy, i do not 100% depend on indicator. I always work with my own strategy with good money management and risk management.

Yup, I always use Moving averages with few settings to get the trend of market. Also using RSI indicator with fibbo strategy for my system.

Agree radex, newbie should only work with demo until he is happy with his trading style and strategy. Taking a big risk may wash out one's account.

Start from a book of Forex trading. First learn all the concepts and points of forex market. Take part in Forum discussion, then start demo for more experience.

Only experience traders have the skills to handle such high risk at trading. As a new trader, one may get loss. So dont ever do it.

Taking high risk in Forex may cause losses to you. Never take any risk in trading, always follow the rules Forex market to earn good money.

These are the main basic, but there are so many other facts also emotions, feelings, risk and money management...etc

And one more thing, only reading a book is not enough to understand the Forex. We need to work with Forex to get the real experience of it.

Then also taking such big decision may become loss. So it is better to control your emotion in trading.

Right, learning Forex requires experience and practice. So a single book is not enough. You can read a book but not learn yourself from book.

Taking high risk in trading is very bad for a pro trader to do when you take a high risk it is like putting your hand in the mouth of Lion.. Forex trading can be one of the best businesses to earn money if one learn well with it.

When it comes to forex trading, i prefer books e- books with well defined forex content with good example and using lots of chart images.

When i were new, I do practice demo trading. I think it is very helpful to me to develop my trading skills.

Logic and emotion are not mutually exclusive and shouldn't be. They work best when used together. Generally speaking I don't make any such decision. This is not my thinking process except in very limited areas of quotidian behavior.

Yes it is possible to trade forex and consider it as an income to us. Forex can be a source of steady income but it requires few years to happen. Learn well then earn well.

The best leverage to use in trading depends on your understanding of leverage. But i think 1:100 to 1:200 is better.So it is the best leverage.

I think with small account and by scalp strategy up to 5% is enough and for day trader 2-3 % is good. you should calculate your risk money based on stop pips*pips value against your trading capital.