I guess most of us agree that an early success is not the best way to start in Forex, because this only can lead to an overconfident and huge losses later on. Step by step is always the key to success.
I also think it will depend on each trader. Experience goes after learning, and the time needed to gain the enough experience in order to become a successful trader will depend on many factors: trader's skills, trading style, the patience and discipline of each trader and so on.
Totally agree with you. The best time for trading will always be given by your currency pair and your trading style and plan. My favorites trading hours are between 7am and 12pm GMT, when both NY and London are open.
I do think that regulations are a kind of guarantee for traders, however nothing is 100% guaranteed. It is the same as banks and investment funds, they are supposed to be regulated by national authorities and it is not the first time I hear of some of them going to bankruptcy.
It's true that the main reason to lead a trader to leave the market is because of huge losses. I think everyone should be realistic with their own situations, I'm not sure some of these traders can overcome a losing period if they take the measures needed for that, but others can't. So this is...
I don't think trading under pressure is the best scenario possible, however sometimes we still need to trade and make decisions at that point. In order to improve our emotional management under stressful situations it is good to learn and read literature specific for that.
I guess the risk comes out when you trade with your real money, which is a huge mistake, because demo accounts give a great opportunity to test your skills and strategy with virtual money before moving to live environment, so people should take it as real as possible.
very useful and enjoyable, because they bring the possibility to share your experiences (good and bad), knowledge and doubts with other people all over the world working just like you in the same market.
A regulated broker is supposed to have been approved by the corresponding authorities so it can be a good filter in order to choose your broker. However, it is not a 100% guaranty that they are not scam, it is the same as banks and investment funds.
In my opinion failure is part of forex and beginners should learn from both success and failure. No success comes with out a couple of bumps and all forex traders (beginners and experts) should always be cautious and stick to a decent risk management plan in order to avoid big loses.
In my opinion EA work and deliver desired results depending on the strategies used, specially the ones made by ourselves. I personally trade manually but I keep an open mind and don't refuse to use them in the near future.