It is sure you will make mistakes and not win all your trades at first but it is always so at the beginning when you are still gaining basic experience.
Forex Trading is the best business online, but you need lots of practice to become successful in it. If you lack practice then you cannot make a good fortune through it.
The best advice IMO: do not quit your 9-5 work and start small on the higher TFs. Forex can be very rewarding but it also needs a lot of time to master.
Don’t be afraid to experiment with new strategies and ideas. That is what the demo account is for. Look for a trading style that best suits your needs and your personality and don’t give up until you find it.
Read some useful books of Trading, read news and get familiar about what is happening in the economy everyday, and also open a DEMO account. Do not do any crazy stuff like opening Live accounts even with small amounts as you will definitely lose all your money.
Don’t trust Forex advertisements blindly. You won’t start making money overnight. Getting to that point requires a long, often ardious learning process.
Forex is profitable and good business . most of people think it money making machine newbies not understand involved risk and hard work with this business. I will advise that they should not over expect from forex trading.
yes high expectations are not fair with forex trading . You can expect when you had a lot of skill in trading. Just new traders should wait for some profit if they are able to make. People are less interested to become a skilled person than they want to become rich in it.
Don’t be afraid to experiment with approaches and strategies and don’t stop until you find the one that is most suitable for you as a trader.