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Exactly! Trading abilities can be greatly improved and polished with the help of a demo account.

I agree with the user above. Decided to check out other brokers, such as aaafx, pepperstone, and hfm. They all have low spreads. It would be great if anyone who has traded with any of them could share their experience.

I generally take long naps and go out with my family and friends.

Practice is important to become a good trader. The best way to practice trading and learn more about trading fundamentals is through a demo account.

So I have been looking for a good broker to trade with, and I'm not sure which one to choose. What if this broker is well-regulated and have low commission, but the spreads are not low?

Yes! A demo account, in my opinion, is essential for both newbie traders and experienced traders to test out new trading strategies.

Well said! I will surely keep this in mind.

Well said! Newbies should always start their practice on a demo account before going live, study the market daily and keep themselves updated as per the market trends.

Been hearing good stuff about them, how long does it take to withdraw?

When you know the trade is not going in the right way, that's when you need to exit a trade - so that you can minimize the losses and maximize the profit that you can try to gain as much as you can.

I think in order to avoid losses in forex, you should follow a good strategy, analyse the market on a regular basis and then place trades.

If you want to learn forex trading then you can refer to the school of pipsology on babypips, it is one of the easiest mediums to learn forex.

The mistakes which traders make are letting their emotions in, overtrading and ultimately getting losses.

A disciplined trader will always give his 100% to trading and would ultimately be able to gain profits.

I give time to myself to relax my mind before starting again, usually by doing meditation and listening to music.

Overconfidence in forex will leave nothing with you except loss, profits can only be made if one will leave his greed behind and will carefully examine the market while placing trades.