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Best pair is what you understand the most. Every pair has its own unique pattern whether we understand it or not. To find that we need to observe that pair for long time. I personally find GBPUSD comfortable. It doesn't mean you have to like it.

Yes mentor can be play an important but finding a good and reliable mentor is not an easy. Many people claim themselves to be mentor.

Yes you are right. Experienced and successful traders always do experiments on demo to keep up with the changing market, as market doesn't behave same all the time.

There is a proverb that practice makes a man perfect. Do you think that this proverb is suitable for Forex market. I think it is true. If you practice demo trading, follow the basic rules of Forex trading and thus in this way you can get proper training through this practice then you surely do...

Spreads is very important for short term traders like scalpers. As they don't hold a trade for long, low spreads is important for them.

Yes signals are not always profitable. Usually signals providers give a lot of signals everyday to to keep a better successful percentage.

Yes emotion and past memories can interfere in our trading decision. We should be careful about this. And trade on the basis of facts available.

Staying profitable consistently over a longer periods of time is the key. There have been traders who have lost their years of saving in a short streak of bad trading. Money management and psychology is the key to remain consistently profit over a long time.

Most broker allows news trading. It is profitable for them as more people lose money during the news time.

New traders should be content with 1-2% profit per month on average. This requires immense discipline from newer traders who WANT to trade and be involved. I suggest newer traders should set up 2 accounts and use one account as gambling account to satisfy these urges to trade and test new ideas out.

Profit depends on trading strategy and plans. It also depends on your skills. I can't target 200 pips if my skills do not permit it.

Yes you are right. Some can afford to lose 100$, but there people who can afford more to lose. It also depends on your trading skills and experience.

The demo account is the master place for a beginner to acquire all basic fundamental information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all...

Yes I agree with you. No skills no profit in forex trading. No matter how years a person is involved in trading, if he can't have proper skills, he will still lose money.

Having a mentor is good. Try to choose a mentor who teaches psychological aspects of reading as well along with technical and fundamental.

The important part of the forex strategy is money management –make sure every time you trade , you don’t risk more than 2-3% of you account otherwise you will break your account pretty soon. I learned that lesson from my own experience.

Yes traders should have plans and checklists to enter into the market. If the market doesn't match with the checklists, do not enter into the market.

Unfortunately, most people do not have any specific rules. They take impulsive decision or opening or closing a trade. That makes the trading more risky.

Choosing a pair is one of important part in trading. every pair have different movement form and to study a pair maybe will consume a lot of time. so a trader should not jump to another pair when they still not understand the habit of previous pair.

A lot of things works. The question is what you can learn? How much you can learn? How much passion you have for learning?