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For scalping you need to understand how price behaves when it reaches to a support or resistance level in different time frames. For this you need good understanding of support and resistance.

You should have a trading plan. Trading without any plan is bad for our mind set. Anytime we can be fearful and greedy during trading. A good plan can save us from this.

First suggestion for newbie is to learn as much as you can. Learning is a continuous process. Don't run for strategy. Learn how to make your own strategy. Also focus on psychological aspects of trading.

You need knowledge and know the effective ways to apply the knowledge to be successful in trading. Trading without knowing is nothing but gambling. Actually it's more dangerous than gambling

Yes forex market is a financial market. In fact it's the biggest financial maeket in terms of daily transaction. In terms of popularity it's also the biggest. So to be profitable here you need enough knowledge and skills.

Money management is very important in trading. A good strategy without money management can lead you to lose a lot of money. According to your trading system you have to manage your money.

Psychology is very important in trading. But most traders ignore this aspect of trading. Successful trading is the combination of a good strategy and a sound and composed mind.

Yes I also agree with you. Demo trading is to develop our system. Usually newbie traders use demo to do some random trading without following any system. But by using demo we can polish our system.

Yes trading is a very risky business if you do not follow any risk management policy. You can lose money very quickly if you do not have any risk management system.

Yes a strategy works when we customize it with our trading personality and our own understanding with the market. Trading is a mental game. And every person is different mentally. That's why every person behaves differently with same strategy.

Yes trading requires specific knowledge and skills. A trader needs to how and why price moves in a certain direction. He also needs skills to control his emotions during trading.

Once you are profitable in demo by following a systematic approach. I said systematic approach not by doing random trades. After that start real trading with 200$ to 500$ depending on your future investment policy.

Yes without skills and knowing how to make consistent profit, it is not possible to sustain in the market. Every newbie should focus on learning the market. Some ready made strategy will not make you profit.

People lose more money in the market due to their emotions than their strategy. There are many good analysts who can not make consistent profit just because they can't control their emotions.

There should not be any time specific pips target. We should just follow our strategy. If it gives you 100 pips per month or week, that's fine. Don't force and try to achieve that strategy doesn't allow.

Yes it is not easy to be profitable in the forex market, because to be profitable you need to have enough knowledge and skills. We also need a good psychology to be profitable.

If anyone can make 150 to 200% profit, he/she doesn't not to manage other's people money. With 100% profit margin per month, a man can make 200$ into 409600$ in a year. At least be realistic.

Yes discipline is the key to success in forex trading. No one can be profitable by doing random trading. One must be able to read the market to be successful. Traders without discipline, lose a lot of money even if they have a good strategy.

Yes there is not alternative to learning. Without being skilled it's not possible to be profitable. Along with learning how to read the market, a discipline mind is also important.

Trading is risky. That's why Managing risk is very important for maximizing profit. I risk 2% of my capital for each trade. Similarly, the most silly introduction to risk is 4%. It proposes I open most crazy of 2 trades. I figure everyone should keep up their hazard association rules. Without...