This is why; new traders need to spend enough sessions on demo; then they should come to play with their real money; emotion is one of the most common problem for the amateur traders.
No doubt; Forex is one of the most popular money earning opportunity; but it’s not a easy way or money earning; Forex is a challenging profession & not suitable to all.
Nice to know; you are very serious on discipline; no doubt discipline is the key! Traders need to follow their trading plan so honestly according to the discipline.
Having a long term plan is so important. Because, it’s very common; new traders face huge damage on their trading since they are trading with an ordinary trading skill.
Really; slippage is very irritating during the high voltage news session; in my trading I always avoid non-regulated broker since, non-regulated brokers are full of these types of technical error.
Basically; there have many more parameters that traders need to consider if they really want to make money from this financial market. On the other hand, only basic instructions are not enough here.
That’s the beauty of Forex forum! There have so many new traders who are learning here by investing their time only! On the other hand, I see senior members are so helpful here.