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Yet this is the harsh reality however those who let go off these losses and learn from their mistakes can have the chances of becoming successful in future.

Starting with small amounts can be helpful in finding out those processes which we can't find out in demo accounts although demo represents the real one but processes like withdrawal etc cannot be checked on a demo account.

Yet we should make sure that we open our trades in the same trending direction or otherwise we cannot swim against the tides for a long time.

Half year is a minimum time to practice a demo account but we can not limit to six months only.. this period can be extended.

Yeah maybe they become successful in forex and pray for you for the rest of their life if they are really that much courteous.

Not impossible because it requires the skills which can be acquired by learning, although these skills are time taking and required patience yet many go through this and become successful traders in future.

Newbie should not do anything but to work out a strategy while trading a demo account for at least six months before going for live trading in my opinion.

Yet we can have an opportunity to learn forex trading through practicing a demo account for a minimum of six months before going to trade on live accounts.

Risk management comes on the top priority when it comes to trade forex in my opinion.

Yeah forex is a very risky business and it is very professional market which does not spare any mistakes. Loss occurs on bad days better to let go off these losses and move forward learning from the mistakes in order to become successful.

Hotforex micro account also offers leverage upto 1:1000 and 1:400 on regular accounts, there are some crazy offers like 1:3000 too in the market by some brokers however this seems pretty unrealistic in my opinion. New traders being unaware of the market conditions should keep their leverage low...

This is why a proper trading plan is must so we can stick to it whatever the reasons might come and we only try to achieve our target. Once the goal is achieve, sit back and relax to review our performance and trading plan for necessary changes if required.

There are a lot of scammers too waiting for the greedy people so that they can make money fooling the greedy..!

Everyone has to develop their own trading plan and working strategy which may not work for all because of our personalities. So far i have noticed that there are many traders which making longs while other being short at the same time considering they all are wise and clever.

Yes you are right we are risking our one dollar to make two and so on..

Not everyone is suitable for forex trading in my opinion because we all have different mental approach and personality. Forex trading requires a lot of patience and it is boring too so if you find it boring and cannot wait just keep in mind that forex is not for you. Try some other business...

Learning is the key to success in forex trading and we can use a demo account as well to learn off these processes more easily.

Whatever asset we use, i was mentioning about the new traders prospective in my above post.

We have a lot of scammers surrounding us so we need to be aware of them and rather be on the safe side by not letting them take our money away from us.

Yes it does not make real profits yet it also didn't make any effect when you lose but you learn and gain experience from your winnings and losing in a demo account.