There is no fixed answer! You need to practice your demo until you are making consistent TP’s. Don’t be rush. Make sure your trading skill first then go for the live. Best wishes.
Yes, on the other hand; many brokers create or facing technical error like chart freezing. It’s really very bad by the trader’s side. This is why, news trading is always challenging.
Basically, when we are in a good trendy market; there is no way to close my trades; it’s time to hold that possible and earn pips as much as I can. This is why, during the trendy market swing trading is my 1st choice.
It’s a good idea! In this case, I seem cent type live accounts are very usual where we can use standard trading lots size although our trading balance is very low.
Good point; I have also noticed; a number of new traders expecting such a huge return from their 1st day of trading. As a result, they focus on earning rather than learning.
Maybe it’s your opinion; but for me; long term trading is much reliable than the scalping or any other short term trading! But the point is; we all traders need to use relatively wider SL for long term trading; so need to verity the quality of log term trades by many parameters.
Watching movie is a good practice; although I don’t like animation movies! But when I am with a long break plan; then usually I set my plan by movie watching.
That’s the procedure that new traders should follow unless, we don’t face hue lose! In Forex, losing a trade is very easy! So, we need to use our demo account properly.
Besides; rushing is a very common problem by the new traders! So, I believe having a long term plan on the learning process would be helpful. On the other hand, new traders should focus on their learning process instead of result.
We always should avoid non-regulated Forex brokers by any cost! Their live trading offers look me valueless since, they don’t allow big withdrawal (most of the cases).
Regulation is the key point than we should consider the live trading features & facilities. But, before investing a huge amount, we can test by a small amount to check the environment actually.