It is very important to have right broker as we need to have profit and not losses. so to have right broker we must investigate regarding their legality, reputation in the market, and advance facility provided by them.
It is very important to have right broker and we need to put our money and therefore one must be very much careful while choosing right broker. one must search in deep regarding them in internet, market.
Yes it is rightly said our experience is our great teacher and what we learn from our experience we never forget that lifetime that why experience traders get success in forex as they learn from their past mistakes and try to overcome that in their next trade.
Yes ofcourse overconfidence is always harmful in forex as we can't predict exactly when market condition will change and what it will be? so though we are confident but we also ready to take 1% risk ( if market condition goes change).
I've found many newbie in order to have profit very soon they ignore to understand properly about forex and trading and do not prefer much of practice and which leads to have suffer loss while trade in real account.
I came to know about forex trading from one of my friend as he is already doing good then I've started gathering knowledge from him and from various sources like forums and many sites etc and start with demo account.