I can't stress enough the need to start Forex trading on a demo account.
I really wished I had someone who could have told me how important it was to just start practicing. Make loads of mistakes. Blow lots of trades. Win a few. Get experience. AT NO COST!
I blew a lot of cash because I was too eager to get right at it. I thought I could do this with relatively little experience. After all, I had made some winning trades and this seemed easy.
Boy...was I ever wrong!
Trading is not easy. Trading takes a lot of practice. Forex trading risk is such a critical part of the journey to what you will one day become as a profitable trader. It is one of the absolutely essential ingredients to becoming profitable.
Take your time to learn the art of trading. You will need to discover who you are as a trader. What your preferences are in terms of the types of trades and the time frames that you take them on (second, minute, hour, day, week or month). Scalper, swing or position trader?
How can you answer any of these questions until you have practiced and discovered for yourself what your preferences are.
I wish you all the absolute best. This journey can be a very pleasurable one. One that can bring you the essence of time freedom and money.
But you must exercise patience. Practice. Lose lots of free demo money. Risk little. Crawl first.
Then and only then should you risk a small amount of money. Things will change as the emotions come into play. But if you stick to your rules and manage your Forex trading risk, you will be one step ahead of the rest.
To everyone's trading success.