Every new trader has to love demo account. It is the root of becoming successful in the forex market. Demo account will help you to learn forex properly and perfectly.
Depending on signal can harm your trading skills. Because in there you can not use your skills and brain. So, I think depending on signals is not so good for a trader in this market.
In this risky market, those traders are very successful who can make their risk management properly.Every trader should make a plan to manage their risks.
Most of the traders lose their money because of their silly mistakes. One of the common mistakes is trying to make money quickly. Most of the traders make wrong decision when they are going to make money quickly. Because of that mistake they have to lose their investment.
But I prefer Manual trading most. Because you can use your all experience in manual trading and you can earn more money by using manual trading instead of robot trading.
Scalping is profitable strategy if you have proper knowledge about this strategy. But if you don't have any idea about this, it will be very risky to use this strategy.
For me, Forex is the way of living. I make forex as my main income source. At first, I started forex to pass my leisure time. But now it becomes my compulsory job to earn money.
Emotion is the great enemy of a trader. because if you can not control your emotion you have to face a great lose in this risky market. So, always try to control your emotions if you want to succeed in this area.
I suggest you to get proper knowledge about the market before going to trade in the forex market. Because without proper knowledge you can lose your money.
There are many ways to learn forex. You can attend the seminars, you can follow forums, taking educational courses, webinars, etc. A demo account can be a good option for learning forex.
I agree with you. If you want to become successful in this market, you need to have both discipline and patience in you. Without those qualities, it is quite tough to make money from this risky market.