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I agree! No practice can be a huge reason to loose money

The biggest problem lies in the attitude. What beginners do is that after facing a loss or two, they panic and think of quitting this market. Instead, one should try to analyze the reason of that loss and try to overcome that for future trading. One should always have a positive attitude if...

That's a good way! I agree.

True, can't compare both. The experiences are entirely different.

Great list. We look upto these people for learning.

I think that can happen.

That's a good way to manage your trades. Not all are able to do this; which is why they mostly get into over trading.

Do you think this always works?

I agree with you.

Well, but don't you think that's like risking your funds straightaway without any practice?

That's correct! Not only forex, but this is true for every field.

I agree on that; mostly traders miss on that.

That's right! What risk management techniques are you using?

That's right! Risk has to be managed properly, else funds are at a great loss.

My trading balance differs from day to day; never fixed.

That's a good list mate!

That's right. Many refer that book even today.

Is it that reliable but?

That's right. Patience can bring achievements, but sadly that is what people lack today.

Diversification does help but yes a lot of other things need to be managed well too. Only diversification alone wouldn't help always.