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i guess the obvious trading is not a get rich quick scheme is one of the not so obvious to many people. New traders always come in expecting to make huge profits out of the gate and are often left disappointed when they lose everything. Proper education is vital to a successful trader.

Managing emotion during trading is very important as it can prevent you from making mistakes that can be costly. Traders need to develop a good trading mindset so they can be a better trader.

when it come to specific forex then i would choose MT4 over MT5 for sure. Alot of forex brokers now are on MT4 anyways.

Demo account is pretty much available for all brokers. It's also a good idea to open a demo with them first to check out their trading conditions before you open a live trading account with them.

GBP/USD also a good pair to trade as it's also one of the major pairs.

If you open a micro/cent account then you are allowed to trade at an even lower lot size like 0.01. Those types of accounts are intended for learning as you practise your knowledge on a live account with lower risk than a standard account. Profit shouldn't be your priority at this stage.

That happens probably cause they are seeing a spike in an upward or downward trend and trying to get in without realizing it is already too late just to lose money. There is absolutely no planning or technical analysis being done beforehand and just pure FOMO. I made that mistake when I first...

if you tend to close your order early then maybe it's better to set up a Take Profit according to your R/R and just leave it. The more you check on your order, the more anxiety you gonna get and end up closing it early.

well, losses are pretty much inevitable in trading. What is important is how you handle your trading losses and what can you learn from them to not repeat that mistakes again in the future.

try ECN broker like aximtrade. They tend to offer a much lower spread compares to normal brokers so you can reduce your trading cost.

if you want really high leverage then Aximtrade offer up to 1:3000, so far trading with them seem fine and withdrawal wasn't a problem so maybe check their aximtrade review out if you are interested.

i will trade major pairs and gold. Their correlation is negative so if the USD is doing poorly then it is better to start investing in gold and vice versa

i can recommend Aximtrade. They have cent account (micro) and min deposit of $1 so it good for new traders that just want to put in low amount of money and learn how to trade on live trading.

low leverage is definitely recommended for beginners. However, using no leverage in forex will be hard to make any profit or trade unless they start with a huge fund which isn't advisable for beginners imo.

you should always choose the right forexleverage according to your trading account size. For beginners, i would suggest lower leverage of 1:100 - 1:200 maximum so you aren't overcommitting per trade which can be very detrimental.

Here some tips i can offer to become a good trader: 1. Developing a Plan 2. Cut Your Losses Early 3. Applying Risk Management Strategy 4. Focusing on a few Trading Tools

I hard agree demo is only good to learn how to open your trade or test out a strategy. It's much more beneficial to open a real micro/cent account instead to start live trading so you can check out the trading condition from a broker and also prepare your mentality when trading with real money.

If you ignore your losses then it means you won't learn from your mistakes therefore it will be harder to avoid losing money in forex. Reviewing your loss is a proper way for risk management to double-check your analysis, your risk/reward ratio, and so on.

A demo account is definitely a great way to practice but making the switch to live trading is very important as well as trading on a micro/cent account as you will learn the risk and emotional management as well.

there are just so many people coming into trading and expect to make easy and quick income then get disappointed when they learn trading is a hard road with consistent learning and performance to achieve that. A demo trading and proper learning should be the first thing to become a smart trader...