In any case you need to have knowledge. Without knowledge, nothing happens. Therefore, you always need to learn and learn new things, every day. Especially in such a difficult place as financial markets. And no one should forget that the market does not forgive stupidity and unpreparedness.
Do not forget that you can use your money, although you can use an amount you do not need at the moment, this may be your attitude towards managing your finances. People who lose a significant amount of money and have no more influence are destined to fail within the currency market.
The traders who are particularly beginners first of all have to move on demo trading which is the primary source to acquire exact basic information which is very supportive to continue a live account in a proper way. but mostly traders don’t believe the importance of this trading place at all and kick off a live trading without demo . ultimately they come loser due to lack of real trading experience.
I admit there is no ending of learning and it’s a continues process for until the end of time. but 3 years experience you have is not minor at all. with this knowledge minimum profit can be gained of course but not for all time. Because, Forex is a place where sometimes 15-20 years experiecne professional traders get confused to calculate the real faction of this market with certainly.
when a trader is a newbie in Forex , the first thing he or she should be doing to do more of the learning. The beginner traders do not know which road to take in Forex and that is why they are always getting confused, it is better when they take their practicing and learning very serious so that they can learn better.
Baby pips school and earn forex both are appropriate for the beginner to acquire basic fundamental knowledge. but according to my I rate only Earn Forex especially their educational topic which is really supportive for the newcomers to be a knowledgeable trader very rapidly.
I think there is no best place devoid of demo account for practicing trading especially for the beginners. But practically by and large beginners don’t believe the importance of this trading place at all. as a result they become loser due to exact knowledge when trading in a live account.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.