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There are many ways you can learn forex trading. You can learn fundamental and technical analysis from trading books, and videos and by practicing on a demo account. You can interact with experienced traders on forums like DCP.

You can check out aaafx, they have ecn zero account for forex trading where commission is basically zero.

In my opinion, I think a trader should first perform a trading strategy on a demo account and then on a live account if not sure about the strategy.

Indeed! Forex is challenging to predict because the market changes every second, making it difficult to predict the market.

There are numerous factors to consider, and the decision will most likely be based on individual priorities. However, regardless of which broker you choose in the end, you should conduct thorough research and comparison.

Practicing on a demo account will improve your trading knowledge while also encouraging and boosting your self-confidence.

Reading book on Forex is useful. It helps the beginners to understand the basic fundamentals of trading and helps it improving the control on emotions.

Indeed! A demo account is useful because it encourages traders, aids in the understanding of technical analysis, and allows traders to test and practice different strategies with virtual money.

To get hands-on trading experience, a newbie should always start with a small lump sum. I began trading with $30 at first.

True that! To trade effectively, a thorough study of the market is required, as well as a lot of practise on the demo account.

Because it changes every second, Forex is volatile. To do so, a trader must have a thorough understanding of the market as well as relevant experience.

Taking shortcuts in trading is never an option. Always learn, comprehend, and trade. The shortcut may provide happiness for a short time, but not in the long run.

Following the basics and taking small steps, in my opinion, is essential in trading. Otherwise, a trader may lose trades in the long run.

A successful trader always trades with a well-thought-out strategic plan and understands when to exit trades. It takes a lot of effort, patience, consistency, and a good risk management strategy.

New traders need to gain knowledge and all of the fundamental information needed to trade. It gives traders self-confidence and a thorough understanding of the market. So, a demo account is essential before starting trading on a live account.

When you are new to trading, a demo account is essential. I spent 9 months on a demo account to solidify my fundamentals.