I think hard work is the only way to earn god profit in forex world. You have to be very much updated by forex market trends and forex news which prevent form loss.
No i dont think their any specific time to exit in forex if you are doing good their no question about exit and if you are continue loosing your money the you should trade with help of any expert broker.
You can read e books easily available online. their so many website like Forex Trading Online: Foreign Exchange (FX) Trading | Currency Trading this is best for learning about Forex. Join webinars, forums to upgrade knowledge.
I dont think so because no day is good or bad for forex trading their your profit is only depend on your experience and knowledge so whether it is weak end or start of weak no matter.
Yes you are right book have many advantage then any other resource,,but some time only bookish knowledge is not enough you have to join webinars, forums this source also help you in better learning.
Yes he is right so many trader loose everything in greed and revenge kind of feeling. It is important to control greed and also maintain both professional and family life in forex trading.
I dint experience that my emotion save my trading bad experience in fact some time greed make to loose money in forex trading by so many trader, so it is very important to control emotions while doing trading.
Broker selection is very important. Reliable stock trading broker are though who are regulated menace they have their own license number so that we can check they are genuine or not after all we in future we are going to spend lots of money so licensed and regulated is important.