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If you want real account experience with minimal risks, I would suggest you cent account. You still get to experiences trading with real money but at lower initial capital investment and lot size so it benefits more for learning than earning.

Cent account trading is quite different experience than demo account. When real money involve, new traders can make more mistakes than trading fake money.

it not illegal but i suggest you find a regulated broker to protect yourself from scams. Choosing good broker is always important as starting point of your trading journey.

i would recommend Aximtrade. Regulated by ASIC with fast withdrawal process.

since the weekend is when the market close, I will just relax or maybe review a bit on my trading this week and see any errors to handle my trading losses better.

There are a few strategies that can be friendly for beginners. Range Trading strategy is an example as it only requires identifying a range with opportunities to buys and sell over a short period of time. It is one of the easiest to execute because a trader just buys when a market reaches an...

you can start by educating yourself on forex. You cant trade if you don't have the knowledge, otherwise, it is just pure gambling. There are plenty of trading tips for beginners.

major pairs are pretty much the go-to for traders. However, exotic currency pairs are also something to look for like USD/THB, JPY/NOK, EUR/TRY if you are confident in your skills

if you want low spread, i would suggest looking for ECN broker like aximtrade. they usually have commissions on the trade but it still gonna be lower cost than standard trading

no one can win 100% in the trading, losses are inevitable. However, you can learn from your losses to improve yourself for future trades like better strategy for entry and exit. Ignoring it completely means you would just make the same mistake again on the next trade.

well for starter you should understand what is forex market is and how does it work. Basic concepts then choosing a broker suitable for you (i would suggest looking for a regulated broker). You can check more on beginner guide to forex market.

You need to check on brokers for regulations, account type, any potential red flags cause MT4 itself is just a trading platform. There are still trustworthy broker that use MT4.

i will take micro account (or cent account) over demo just cause trading with real money even small amount will teach you to handle your emotions better.

as new forex trader. Having a mindset that forex is a long term investment and not get rich quick scheme really help. There are also knowledge like technical analysis or fundamental analysis, discipline in trading and proper fund management.

there are key economic calendar data that can create a big movement in the market. However, there are more factors to market movement in fundamental analysis. You also need very good discipline and strategy in case the market move against your prediction.

it is not illegal to use a non-registered forex broker. However, without any regulations, your fund and yourself are at risk. If they scam you then there is nothing you can really do to get your money back. You can check tips to choose forex broker to help you make your own decision.

Have a good trading discipline and diversify your portfolio. Have a solid trading strategy with proper backtesting.

EURUSD probably the most recommended pair due to very high trading volume. Once you are more experienced in trading, you can try out exotic pairs as well as they bring more opportunities and divert your portfolio.

MT4 is a platform for forex and forex is a market.

tiktok may pull younger generation into trading FX but i don't think it can have any major impact on fx.