Investemnt in Forex

bublu said:
The only thing a trader should adopt should be focus, discipline and patience primarily while learning in order to become successful as per my own personal opinion.
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discipline is more important but as a new Forex trader it is really difficult to maintain it with successfully.
 
There are different views regarding the issue, forex trading in my view is not a get-rich-quick scheme, how to achieve profitable level traders need to struggle and keep learning, indeed one advantage is traders can start with low-budget trading in micro account. However, starting from small bucks will hard to make rich without good skills.
 
Making profits in forex trading requires more investment of time on learning than the investment of money. If a trader fails to invest time on learning he might lose all his capital.
 
Your mindset is the most vital thing in trading. A good trading mindset ensures that you are committed to trading and show up every day, despite your failures. Forex is not a quick way of making money, but it is possible to make handsome rewards if you stay consistent.
 
Forex is just like regular business where your money make more money with pure risk of losing actual capital so learning is important before investing money into this business or the new traders should first check the failure stats in forex trading.
 
You can open a demo account to practice alongside your learning progress. IMO you will learn faster when you open a position for your strategy or analysis after learning them. That way you can also see your mistakes and learn from them. Furthermore, a demo account is completely free so you aren't committing any capital if you make a mistake either.

Another way is to open an account with No Deposit Bonus promotion, you will be provided a small amount to trade on your real account. Therefore you can get some actual trading experience on your life account instead of trading with fake money.
 
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