It is good to have a trading plan in forex because some times your emotion might affect on your trading decision when trading and with a trading plan you have total control of your trades. It is very vital for every trader to have a plan.
Experience is very much needed in forex. The more you trade the more you acquire trading experience . Experience in forex cannot be measure every trader need as much as he get in forex to continually earn good profit.
In forex almost all broker offer the same thing but they differ in different ways .It is good that you first understand what you really want as a trader and the type of trader you are when considering a broker.
A demo account is a very good learning tool and is very useful for all traders. A demo is a practicing account but it cannot give you all there is about forex trading. If you want to experience real trading you need to open a live account.
I have traded few broker since I started trading but my favorite is profiforex. They offer varieties of deposit and withdrawal system that are safe and easy. As during my early trading days I benefited from their online support system due to the un-interrupted attension I received.
In looking for a broker to start with I prefer a broker that offers micro account like in profiforex where it is being offered. I actually started with $10 capital that I will be comfortable losing since I lack experience in trading.
Forex robot seem to be profitable but not so reliable. I prefer manual trading which i think is the best because you can easily and quickly make trading decision when there is unplanned changes in the market. With manual trading it helps in equiping your trading experience.
I want a broker that offer excellent service when it comes to execution of trades and deposit and withdrawal methods that will not give me problem that is why I choose profiforex. They are my best broker.
I tried using robot but was not comfortable with the result. I find manual trading to be the best since i have to participate and do the trading myself. With manual trading i make the decision myself and feel the fun in trading forex.
Nothing good comes easy .Forex is a very profitable business and also involve passing through challenges. No matter what problems or loss a trader experience giving up is not an option rather it should be an avenue to put in more effort and be patient.
In demo account, trading is very easy because you you trade without much emotion since your money is not involved with that they have nothing to lose and so most newbie trader do well in demo. But when it comes to live trading they constantly experience the fear of losing money and so lose focus.