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You can use websites like investing, dailyfx or tradingeconomics to extract more information like data from past economic releases, i.e. evaluate dynamics of some economic variable

Well fundamental analysis is about processing past events to guess the next fundamental move, like what will be the Fed decision at an upcoming meeting. If you guess it right you can enter in a position that will be profitable. Betting on past fundamental events like the Fed hiked interest rate...

Well there are many reputable brokers with quite competitive trading conditions, tested platform choosing unknown outfits for trading doesn't make sense.

Yeah it is important to spend enough time on demo account to learn properly all platform features, for example I was playing for a year on Hotforex demo before deposit serious amount of money for profitable trading.

Well for volatile markets like crypto high leverage is disaster today's price action is a vivid proof that

Well it works pretty well on crypto however opportunities arise not so often so key to making money is patience

I also trade at Hotforex offshore branch because of higher leverage. Idk how their UK traders fare because their leverage is capped at 20

Good advice. Many profit opportunities are concentrated in lower timeframes because uncertainty reduces as you cut time of position holding. However this requires high speed of execution if you aim to realise this trading edge

Because returns are realised quickly and lack of patience is known downside of newbie traders.

basically inflation should become more precise and collection of data could be easier.

The process is slow and mostly unobserved. Macro trends tend to manifest in decades but yeah it looks like various countries attempt to reduce their use of dollars in transactions. However when it comes to government savings, Treasuries take good part of portfolios

I could label any level as resistance and say that it currently trades near the level. Unfortunately this gives little insight into further direction but gives you a room to say later "you see I said this gonna be a resistance as breakout happened/price bounced off" lol. Tell us whether the...

Usually I ignore losses of particular trades because figuring out why you lost them is useless since you don't have complete information about the market, nor don't get it after the trade is done. However it's useful to pay attention to why you lose on average since it allows you to ditch...

I have this stuff by default in my Hotforex MT5 platform.

I would also add that you can reduce potential loss through verification which implies you invest in assets which have low correlation or uncorrelated.

I thinks its great that we can narrow down analysis to the next Fed move. It makes trading much easier.

They simply fit the narrative to current market dynamics. Financial analytics in mainstream media always lags, it's a fact.

I would say that the biggest challenge in trading is to avoid unexpected losses that catch you off-guard. If you manage to keep losses small it should be easier to recover and pursue profits rather than trying to recoup losses.

Basically you overcome this difficulty with trials and errors process. Doing this way you sometimes get valuable information which can with high certainty help your to filter out what works and what doesn't work. Practice sheds light on additional knowledge and very often we have to pay a price...

Well, leverage can be set at 1:100 or 1:500 and risk can be instead controlled by lot size. However high leverage can make trading more vulnerable to mistakes so for a newbie it makes sense to start from small leverage like 1:50 or 1:100. Personally I started from 1:50 leverage at Hotforex and...