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According to me, it is overconfidence and lack of knowledge.

The market is unpredictable that is the biggest challenge imo. Surely, if you follow money and risk management and secure your risks, everything will be fine.

As traders we cannot emphasise enough how crucial it is to educate oneself about the forex market. Before risking your own funds, spend some time learning about forex and the factors that influence them. It's a good tip that could end up saving you a significant amount of funds.

Not conducting adequate market research.

Do not ignore your losses because it gives you a new learning opportunity and what to avoid doing. One of the most common pieces of advice on this topic has been to always have a stop-loss order on any trades you place, especially the more volatile condition.

The ideal approach to start gaining experience after learning some fundamental ideas is with a demo trading account. You can practise trading on live markets with live data while utilising a demo account. You gain practical trading experience in this way without having to put any funds at risk.

Forex in today's world is highly volatile, fast-paced, and with convenient trading hours.

on weekends i usually go through my trading lessons

I have a small question, how do you know which broker is the best for us, especially a beginner? Should I look for spreads based or commission?

challenge as a forex trader is to keep up with positive attitude daily and having consistence learning without any setback

As a beginner I go for a regulated broker!

Being a beginner it takes a lot of time and efforts to first understand and then starting to trade. The market is highly volatile and making good trades is not easy.

Detailed explanation! Thanks

Good to know!

Me too!

Yes I agree as new trader. It is a smart and easy way to manage the risk of loss on a trade.

I agree! Demo is best way to test your strategies.

As a new trader I think live accounts allow you to trade with real funds, while demo accounts let you trade with risk-free start to practice your forex trading with virtual currency that has no actual value. The market conditions for demo accounts are identical to those for real accounts aside...

As a beginner I think emotions should have less impact on trading performance. A trader must accepts wins and losses as a part of the learning.

Yeah I agree for GBP/USD & EUR/USD.