Agreed as a minimum of six months needed to trade a demo account provided by any reputed broker like hfm etc before moving to a live trading account. These demo accounts can be accessed without depositing any money with the broker and comes up with free virtual funds so if we lose anything we...
Agreed its more than five trillion dollar industry which flows globally wo if we learn how to make money from forex trading we can easily make good amount of money.
First of all i would suggest every new trader should start with a demo account and learn how to trade the markets for a minimum of six months before going to trade with live and once going to live trading always start with small amounts and use proper money management and a stop loss to protect...
Yes there are many reputed brokers like hfm, exness, octa, lmfx etc which offer free demo accounts to be downloaded without depositing any money with them to test their processes and market executions.
News releases bring much volatility in the market so we better need to wait for those releases and then take trade in the market provided all the parameters are valid.
New traders loose money and some may lose more while chasing their lost money however those who let go off their losses and learn from their mistakes eventually become successful traders in the future.
Many fell victim to scammers yet we have to be careful while dealing with the strangers and better we should do trade with some of the reputed brokers like HFM, octa, xm, lmfx etc.
Only watching videos and ebooks reading isn't enough for learning forex trading, we also need to practice it on a demo account. I still use demo account for back testing on my HFM account else i may burn my money on live trading.
We should start this as a hobby in our free time while doing our primary jobs to learn the necessary skills before jumping to forex trading market permanently.
Forex in my opinion is an evergreen market, crypto have many fluctuations although it makes good highs or low but that volatility surely hurts if you are on the other side of the market.