High spreads is the most disgusting thing in trading. To select a low spread broker you can visit those websites that provide broker reviews n their sites.
A broker is the most important thing in trading. If you want to make a good trading career you need to choose a good and reliable broker for you. Your broker should be regulated. Otherwise, you can face a huge loss in this risky market.
Forex is tough for those who don't have enough knowledge about the market. Without knowledge, you can not make money from this market. But, if you have all the knowledge about the market, you can easily make money.
Most traders look for 80 to 100% winning strategy. But this type of strategy doesn't exit. Even a small consistent percentage can bring you a fortune in trading. We should focus on consistency.
Yes demo is appropriate for new traders. And at the same time demo account needs to use for learning purpose not to do random trades. They should use to find out how any strategy works.
Forex market offers great opportunity but unfortunately most people can not materialize the opportunity due to lack of knowledge and skills. They treat it just like gambling. As a result they can't make consistent money.
Most people fail because they don't know what they are doing. As Warren Buffett said, Risk comes from not knowing what you are doing. Most small traders here are doing nothing but scalping.
Market doesn’t respond same in all. Some certain time zone always market become less volatile on the other hand become more volatile. Find the most suitable time table for your trading style.