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You are making the right and systematic progress. As a novice, avoiding a demo could have made you pay a high price in the live account. You can create, develop, test and retest your trading strategy before you imply it on a live account.

I don’t think there should be any kind of dispute between demo and live account. Both are integral for trading and should be used systematically for success in the long run. Demo accounts are for educational purposes and should be used before trading live.

The economic calendars offered byForex factory and Investopedia are also very subtle and easy to understand.

Agreed! And believe every market has its own pros and cons. And cons of the market become pros if the trader has excellent trading skills and in-depth knowledge about the market.

Imo, this depends on the time zone you are and which currency pair you are trading. It is best to trade the currency pairs at times when they are highly liquid.

Forex trading is generally less regulated which allows traders to access much more leverage than stock traders. Forex traders trade currencies in pairs so they have to study two economies to trade forex, unlike stock traders who study single stock.

Yes, it is better to avoid exotic currency pairs. They are very difficult to manage due to their high volatility and very little profits can be made from them due to their wider spreads.

Forex trading is a highly potential and lucrative way of making money but is equally risky. If the trader knows how to trade it, orex offers great trading opportunities for making money or else it can drain all your money in no time.