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demo account is pretty much just for learning and testing strategy. Live trading is when you can accurately test trading condition of a broker cause alot of broker use a separate server for demo so trading condition might not be 100% the same as live.

i would recommend Aximtrade, they are regulated by ASIC and has good commission fee/spread. You can check their aximtrade review for detail on their services.

aximtrade is off-shore broker regulated by ASIC. They also offer wide variety of trading instruments and competitive spread. Check out their aximtrade review for more detail if you like.

i would suggest aximtrade, their commission is only $3 per lot and plenty of trading instruments to choose from. Also regulated by ASIC.

there is similarity between trading and gambling so it can become an addiction for sure. That's why trading psychology is as important as trading analysis in making money.

demo account is for beginners to learn and test out strategies. It's recommended to get into live trading asap so you can start learning about proper risk and emotional management as well cause demo won't teach you either of those thing with fake money.

major pairs like EUR/USD probably best for scalping as you can make good use of economic events like NFP and you don't have to worry about liquidity

Unless you are an experienced trader then yes, i would agree with avoiding exotic currency pairs as it's the riskiest but also can be rewarding to trade with. New traders that lack proper risk management and planning will expose themself easily, major pairs are easier to stick to and trade with.

choosing the right leverage will depend on your budget but generally, i don't suggest high leverage for beginners, 1:100 or less will be ideal if you are still learning.

here some tips for successful traders that everyone follow: - avoid trading without strategy - always keep learning - follow your trading plan, set up stop loss

well if you dont want to loose your hard earn money then risk management is always the answer.

maybe my aha moment is when i learn trading is a long journey and not a get rich quick scheme, it takes practice and education to be a successful trader.

some rules i use to develop a good trading psychology like follow trading plan, don't overtrade, don't bite into FOMO, take a break once in awhile.

pretty much all broker offer demo account. If you want to test out account with high leverage then i suggest aximtrade as their leverage can go up to 1:3000 so you can learn alot of it.

overtrade is definitely a common trading mistake that trader makes cause they like the feel to gamble their money away.

Common trading mistakes like trading without a plan, emotional trading or revenge trade.

Here some suggestions i can give to manage your risks: - Control your emotions - Never risk more than you can afford - Set a risk/reward ratio - Use Stop-loss

you usually will take way more risk on demo compares to live trading with your own money, there are also trading psychology aspect which can affect your trading as well.

In trading, there are two main risk categories. - The first one is a Market risk, which is also known as the Systematic risk. This type of risk can result in losses due to adverse price movements. Market risk tends to affect the entire market, and usually cannot be avoided even through...

trading economic data can be a good opportunity as it can create short-term movement, however, people really need to learn to dissect what news they should focus on or what's good information to make use of.