I'm pretty new to this live trading thing myself, but... I would suggest READ AS MANY BOOKS AS POSSIBLE!! Definitely get some on:
1. Candlestick patterns and price action.
2. Psychology of trading
3. Indicators and systems
in that order. Another thing that helped me is to pick one pair and stick with it. I tried bouncing from pair to pair and it didn't seem to ever work out. Every pair is like a different personality. Especially when you compare the big movers like GBP/JPY! This happens to be my favorite and all I trade now but I used to loathe it and never look at it cause it moves differently. Try one pair trading for 6-9 months then pick up another. There are some great threads in here of systems. I'd say read as many from front to back as possible. Even if you don't agree with one system, you can usually get some very good information out of it and probably use a part of it for your own trading. Everybody trades differently. Live is SOOOO much different from demo. One thing I found really interesting was a contest that one broker had. It was who could LOSE the most money in a 3 day span starting with a $100k demo account. The rules were you could only trade 3 standard lots at a time. It's amazing how hard it was for people to LOSE money WHEN LIMITING RISK!! (keywords WHEN LIMITING RISK) Pick a few threads you like and jump in contributing everyday even if you're not sure. Ask lots of questions. Babypips has some AMAZING people here that are experienced and intelligent and will help you and tell you when you're wrong or right. GOOD LUCK!!!
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