trade knowledge is the core point of success! Which traders have good trading knowledge, they can make a decent monthly income quite comfortably! It’s a knowledge based profession, so which traders try to make money here based on their luck or emotions, ultimately they lose their capital whatever amount it is!
lucasser posted: I'm starting to trade currently just have an demo account and learning more about forex from it.
Is there anything important that i need to know before i go live in trading. Or which broker would be a good choice to start off with ?
Yes, before you go live you must understand that trading on a real account is very much different from demo account as your real money is involved here and you will be affected by your emotions a lot. So be patient and focus on learning and practice. As far as brokers are concerned i would say DYOR!
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.