I'm an Indian based in UAE. Trading Forex since 2002.
Guys, if you think its a rosy rosy business, you're mistaken.
Its tempting when you see the profits. But always know that there's an opposite to these profits too.
infact when i started trading, I just lost lots until last 3-4 years when I seriously undertoood the importance of money management.
Tip: Always make sure you've proper money management. Use Stop loss. You may have confidence that the market will come one day to your level. so why the stop loss. trust me. It will. But after the account is wiped off. So have a system with clear stops and exit strategies.
Also, be careful of brokers. Many are fakes or rather they are called bucket broker. They know that 90% people loose cos of greediness and lack of strategies and so they act as money makers and work against you. So proper broker selection is important too.
Hope these tips helps.
BTW, I'm managing accounts too. If anyone interested, please see below and check the live account update. thanks.
Thanks in advance & Happy Trading!