Becoming a forex trader is very easy. Anyone can do this. But getting success is not so easy. You need to have the knowledge and skills of a professional. You have to attain some qualities. Being a forex trader you also have to find a good broker that can help you.
Knowledge is indeed very important in forex and if you do not get it then you will most certainly fail miserably. Forex is all about what you know and as much as you know you also need to be able to apply what you know or you will be considered to be invaluable in forex.
If you don't have knowledge in forex then you are just wasting your time. The reason why most new traders fail on forex xs because they rush things before they fully know what t do. You need to learn and the learning process takes time. Then again there is the training in the demo account which is still part of the learning. You've got to do both and at the right pace.
Every trader should know in which position he should enter the trade. If the entry in the trade is not right, then the emotion will work in the trade. And emotional trading is very harmful. I never trade on weekends because then the market is volatile. I always try to trade in the middle of the week.
Without having a reliable support from a credible trading broker that’s not possible at all to lead a comfortable trading life with certainly despite of good trading knowledge , so, choosing a broker is very difficult task, it would be great if we choose our brokers according to our trading understanding , should choose the broker that is more appropriate to the concept of trading that will be used,