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Ah, unregulated ones can be quite tricky since it is hard to find the source of their reliability, it is good that you're much more comfortable with regulated ones now. Hope you have a good trading journey ahead.

Yes, I totally agree with you on these points.

That's really important in forex trading. I follow risk management along with upgrading new skills in forex.

What I would suggest is to check for the regulation of the broker, which is the first thing and followed by the idea of their trading conditions, which you can try out in demo. That is how I landed on aaafx and then live right after.

Demo is really a important step before we switch to live trading, it gives us a fair understanding of the charts and tools.

I feel when you go overboard with greed and take steps which you know are not healthy for your trading is risk, so one should always keep a calm mind when trading because that will help oneself to avoid such decisions of risk.

It is important for beginners to try demo trading first with their preferred broker because that gives an idea about their trading needs and regulation should be must. Personally I have been using aaafx cause they are regulated and got some trading conditions - tight spreads and low commission...

Yes, even I feel the same mate!

Use demo account until you're confident enough to go for the live one and should incorporate regular learning and practice of technical aspects in trading.

As they are highly unstable one should be mindful while trading in them and I also feel that controlling your risk through a trading plan that incorporates price stability and risk management guidelines is the key to successfully trading in volatile currency pairs.

Trading live may be appropriate once you've dealt with complexities and understand how trading fits into your real life and have been consistently profitable for several months. Four to six months is the best time-frame to practice on demo before going live.

You're right, our emotions and actions should be in control and according to the understanding of market only that shall help to us to perform mindfully.

Controlling emotions plays really a significant role be it for beginners or expert traders because only then our skills would bring some action.

yeah, I believe one should know risk management as well, because only mindful trading with correct market analysis brings returns.

Yes, that's true. Trading is all about logic and keen mindset which can actively analyze their trades and work in the direction of enhancing their performance.

Yeah, that's true, we can only retain the knowledge from true practice and it comes with dedication.

Motivation comes from your trading 'WILL'. Our dedication truly decides our motivation which builds up with practice.

There are many books you can use to learn how to use technical analysis in depth, including those by Alexander Elder and Kathy Lien. The technical analysis is critical to recognizing key trends.

Yes, I agree with you on this. Trading is an skill which entirely depends upon the practical knowledge and abilities one holds to execute.

Yes, emotions really hamper the overall trading direction of a trader and one should know how to control their emotions while trading because lack of control can have a bad impact on one’s trade.