I want to add something for newbie. If you want to be a trader, first learn that forex trading is not easy. You may have heard that there is lot of money in trading and so making money is very easy. Yes money is there but to get that you have to be skilled enough. And in 3 or 6 months you are not going to be skilled. It’s a long process. First understand some facts then come to trading.
As a newbie, if you think that your forex trading journey is going to be easy, then let me burst your bubble and tell you that forex trading is as difficult as setting your own business. You cannot make profits in the market if you are not doing it rightly. There is so much hard work required to do to reach your financial goals.
Yes, beginners often take forex as a quick money making machine, which is not the case if the newbie has no proper knowledge or skills. It is best to research, learn and demo trade for sometime before staking money in live account