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The purpose of a demo account is to build and polish skills while also better understanding the market.

Demo trading is important because it improves the trader's skill set as well boost confidence and understanding of the market.

Indeed! Forex is difficult to trade because it fluctuates every second. Before trading, a trader must thoroughly research the market, develop a strategic plan, and understand the market.

When a trader is consistent, determined, and dedicated, he or she develops a proper strategy plan before trading and knows when to execute it.

Forex does not operate on shortcuts. It can only be improved through strategies, experience, practice, and market knowledge. Shortcuts are never an acceptable solution to any problem.

A trader should have a well-thought-out strategy and trade accordingly. Trading must be halted because it encourages excessive trading. To avoid risk, a proper schedule is required.

Indeed! Forex is unpredictable because the market fluctuates every second, and human nature is incapable of predicting every second. Markets react to uncertainty, and human nature remains constant.

Exactly! Because both come together with experience, the value of knowledge increases.

Indeed! I like demo trading as it helps me a lot to learn the technical aspects of platforms.

From the list, I'd say proper regulation, lower commission, tight spreads, and quick withdrawal are some important considerations when selecting a broker. It is better not to follow someone else's advice; rather, after taking suggestions, determine whether the broker is right for you.

Yes, reading books related to trading can improve your trading skills and boost your knowledge.

In my opinion, it is because of high liquidity, flexible timing, and accessibility compared to other online markets.

In my opinion, I think discipline, determination, consistency, daily market analysis, and years of continuous learning and practice separate professionals from beginners.

It is important to follow the basic of the trading. Jumping without an understanding of the basic can lead to loss and make it difficult to survive in the market in the long run.

Discipline in trading is important. A lack of discipline will prevent your trading skill from progressing.

Trading psychology is important as it refers to traders' mindsets and affects the decisions of the traders while trading. Regulating your emotions is the only way to trade successfully and guilt-free. Traders are concerned with four emotions: hope, greed, fear, and regret.

A new trader should never neglect the importance of a demo account. It is important as it teaches you to understand the trading technical aspects properly and makes you ready to trade live.

Hey Everyone! I'm new to this forum but not in trading. I think the most common mistake a trader do is over-trading, trading without proper knowledge for quick earns, and not managing risk properly by using a risk management strategy.