Since Forex trading is very complex. The right advice would always be to start off with a demo account. Try to absorb every bit of trading through demo trading. This will help you to avoid mistakes in real trading and will make you take wise decisions. Use your strategies on demo trading and figure out the best one for you.
We can start Forex in a proper way, if we want to be a professional. Babypips School is the first choice of learning and besides this demo account must which is mainly considered the foremost place to acquire real basic knowledge which is very supportive to kick off a live account in a proper way.
The only issue with demo trading and why all brokers offer BIG accounts t is they lull you into a false sense! i treated my demo account like a live account and traded with the actual same amount i was going to deposit on a live account.. Whats the point of having a $10,000 or $25,000 demo accuont if you only have the funds to start with $500.etc.this is why most blow there small live accounts straight away as trading with a big demo account and using bigger lot sizes etc you get beginners luck and over confidence...Anyone can win with time on a big demo account as its mentally different , believe me there is no way you will trade your hard earned $500 or even $1000 like your big demo account ! . BUT this is why brokers offer this so you get overconfident get some big lucky newbie wins on demo and then go WOW Forex is easy i am gonna kill it and then lay down your REAL money...but once you realise the wins etc cant be as big, you over reach and over leaverage to try and match what you did you your demo..Next min boom your $500 is blown and you go again! its all rigged against you so be careful people is what i say... as someone said above better to leanr with a small live account! `
Learning is the foremost ways to keep survive in this volatile trading place in a proper way. But sorry to say maximum traders who are particularly newcomers try to make money from here without learning. As a result they become loser when trading practically. It would be great if we choose the broker which always ensures best trading environment for learning this trading place by providing exclusive educational facilities.