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They usually make profits charging commissions or spread or maybe both in my opinion however in return they provide us with all the necessary tools and technology including leverage / liquidity to initiate our trades and make profit.

Not sure about it however these demo accounts are offered by the brokers to test the real time trading environment without taking risks of investing any money with them. Once you have tested how these brokers' trading platforms work you can fund the live trading account to make trades.

I have used the myfxbook and it is good in my opinion however many professional traders keep their trading performance to their own self and not showcasing them.

There are many signal services out there in the market however these most of the times such signals can proved to be hard nuts to crack. I also look for sites like investing.com, economies.com, bloomberg, forex factory economic calendar to find out what is happening in the markets and conclude accordingly.

Trades plans does not ensure any earning because we must learn the skills required to make money in the forex markets.

PAMM accounts services offered by few brokers like hotforex etc can be a good option for new traders to invest their money while learning the trading skills.

We can only minimize the associated risks in forex trading by doing proper risk management and using of stop lose feature. Also participate in those market conditions where the winning probability is high as compared to other markets. Examples can be major pairs over the exotic ones.

New traders being unaware of the market conditions should keep away from scalping instead they should try learning on higher time frame trades rather than getting in and out quickly and hurting themselves by paying commissions to the broker or either blowing up their accounts.

Yes robots can be helpful yet these EAs are coded to follow technicals in my opinion so they might require monitoring during the high volatile markets.

Yet if a new trader lose then he actually loses nothing but gained experience in return without losing any money.

Newbie traders should only trade a demo for at least a minimum of six months before going to fund their live trading account.

If you have a profitable strategy then you can even get it coded in an EA to automate your trading experience.

Scalpers, in my opinion, only have been trading on smaller timeframes getting in and out of the market however they can make more during the volatility of markets.

I have checked out the mt5 since one of my broker hotforex added it and it is almost much or less very similar to the mt4.

After testing a broker through its demo account we still have to start with small amounts to further test the broker's processes which we can't usually check on their demo account like withdrawal etc.

Yeah the best part for demos is that they does not require any money to be deposited in order to access them and even if someone lose money on a demo they dont lose in actual yet they only gain experience to learn from their mistakes. Now every reputed broker like hotforex, octa, xm, exness, lmfx etc offers free demo account so that the traders can review the processes without funding the account.

Scalping can be good only when we know what we are actually looking for in the market otherwise getting in to the trade and exiting might benefit the broker only as they will be charging their spread or commission on every trade.

FHM abrevation stands for which broker..?

Manual trading is better and best in my opinion if we know how to trade and make money.

Demo accounts are offered by every broker so that we can test their processes without investing any money with them.

Entering and exiting from trading marketplace is called scalping which can be risky for the new traders so they should trade on longer time frames.

Obviously the later i.e., mt5 is a latest version and is better than the previous one but as long as mt4 is in service i continue to trade with it.

The first chapter is to learn how to make money and while you learn use a demo account to practice your skills. Almost every reputed broker offer demo account for free so you can download it from anywhere and practice it for at least a minimum of six months before moving to any live trading account.

I think brokers like hotforex, xm, exness, octa, lmfx etc can be shortlisted for trading while looking for international reputed broker.

Patience eventually comes all the way when you become a trader. Those who are impatient usually leave the trading market and never be successful trader.