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the higher leverage you gonna use the more profit you gonna makes. The key is having a proper risk management to handle higher leverage

Exotic currency pairs might be a good opportunity to make good profit if traders are experienced and know how to handle their trade.

demo account is a good place to practice for new traders or trying to develop a solid plan.

copy trading can be good for a beginner if they manage to find a good strategy that they can follow, definitely looks for one with consistent profit and low drawdown so it's safer to invest your money.

yeah it's good to trade on micro/cent account once you have a trading plan that you can use cause it's better to learn how to deal with trading anxiety and risk management.

the forex market is ever-changing so traders definitely need to keep learning in order to keep up with the market.

forex is also more complex than stock market imo as there are more information you will need to considers since you are trading in pairs and not just one particle currency like in stock where you can just zone in a company.

People need to remember forex market is not a get-rich-quick scheme, there's no easy profit in a short amount of time without any knowledge or proper investment.

It's better to trade with your own strategy cause following forex signal is more or less a gamble. They may give you some wins but you can also sustain heavy losses if you follow them.

i can suggest AximTrade. They offer varieties of accounts and min deposit of just $1 so you don't need to commit alot. They also have ASIC licenses so they are well regulated. Check out their aximtrade review if you are interested.

High forex bonuses can be quite risky as decent broker doesnt really offer pass 50% bonus so you need to be careful when going for it.

demo account has always been the place to test out new trading strategies.

That isn't the right trading mindset cause you are just plain gambling than trading. Forex has never been known for quick profit without any learning. That is why most beginner traders fail.

it's always good to have a positive mindset in trading or whatever you do.

A trading mindset is pretty important. Especially having a positive mindset to keep yourself motivated and moving forward

traders' psychology when dealing with losses is what can separate successful traders as they can recover and continue to improve their trade while others will just give up.

risk management is mandatory if traders want a consistent profit. Otherwise, it's no different than gambling their money away.

i agree, start trading on live with a micro/cent account so you don't need to risk alot of money can get you further than just practising on demo cause now you are trading with real money.

It's mandatory to have risk management otherwise you cant achieve a consistent profit.

picking the right traders for copy trade can be difficult, you need to check their performance carefully like their profit over time, max drawdown.