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Don’t focus on finding a strategy which wins all the time or a system which somehow predicts future price movement. None exist. Focus your effort on understanding how those who run the market operate so you can enter and exit the market with a net profit.

The first step is to choose a trusted broker who provides a demo account. Now plan a proper strategy and execute it in the demo account. Very important thing is risk management in forex.

The terminal has to become your companion instead of being an unknown environment. You have to understand what all the features mean, how they work. You should know how the price moves and why does it do it.

A demo account is a good training just to understand the dynamics of the market, the value of a pip, leverage effect, margin requirements etc. Once you get these concepts, the real trading is emotional based.

A practice Forex account (demo) is good for one thing-to practice and learn how to execute trades. The actual mechanics of executing trades. A practice account in no way compares to actual live trading.

Although you may have outlined a predetermined proper trading strategy, you must also have the determination to follow it rigorously. Many traders have the habit of discarding their predetermined plan and acting in the spur of the moment.

Mistakes are the part of trading and every trader makes them. There is no magic pill out there to avoid having any pitfall. Trading is like a skill and by continuous learning you can master it.

orex trading has gone beyond mere communication and grown into action. This is why Forex is so interesting, as this market has given way to what is known as social trading.

The amount of Forex brokers is great and the competition on the market is severe. This is why Forex is such a competitive market, which requires brokers to supply the best possible terms to their clients.

A real trader takes his own decision, he does not depend on others to make trading decisions for him. So be yourself, but I will also suggest that I am using LMFX for my trading work so you can also check them for investment.

So if you do not want to lose your capital, first get in deep with the forex market, practice how to trade by signing up with a forex broker and trade using a Demo account.

When choosing a FOREX broker, you should always consider security, support, fees and regulations before you decide. You should also know that finding a broker, can be difficult, because a lot of different traders has different opinions.

You can also search the information about the broker on different Forex forums, blogs and review websites. If you have any doubts or questions, do not hesitate to contact a broker representative or live support and ask them to provide you more information.

To control your fear you have to spend enough time on learning and practicing with a demo account. You have fear because you do not have enough confidence about your trading skills.

To become a forex trader you you have to learn it at first. It is not very hard to learn forex. There are enough free information over the internet. You just need to spend a few months to learn everything.

Not all brokers are perfect. Some broker will suits your trading and few will not. You have to select one as per your knowledge of trading. I have selected LMFX for my trading so that I can learn with their free demo account.

I have also selected the regulated broker for my trading because as a newbie I have no idea of market. So still learning with LMFX, which also provides education for trading with free demo account.

It is very good to hear from others, what their experiences is, but you should also consider what your own criteria are. I will not say that m broker which is LMFX is the best one but it is good for me and work for my strategy.

LMFX is a reliable broker with amazing bonus system and what is more important really good trading facilities suitable for beginners and more advanced traders. You can this one for at-least demo account and than decide.

You are only going to master a trading strategy if you trade it over the long term. Too often, unsuccessful traders give up too easily.

The first problem is most people do not have contact with real traders, so they don’t have a clear idea of what success looks like in the real world. Most people overestimate what they need to do to be successful compared to their peers.

All Forex traders at some point of time or the other experience a losing trade. It can either be a small loss or a massive loss. Many traders get discouraged once they incur a loss and give up trading.

There are some good strategies that you can follow to trade wisely and make a decent profit. A strategy is developed by the individual trader based upon their own personality, financial assets, and trading mindset and skill.

Traders must have an edge to be profitable. The traders that have discipline, have done their homework about historical price action, and stay in control of their emotions will make money.

Personal predictions have no value because the future does not exist in the present moment, no matter how strong a trader’s convictions. A trader must have a trading plan with well-defined entries, exits, and position size before they make any trades.