The common Forex trader can be absolutely considered its own worst enemy because more often than not, the errors we make as humans are the root of our problems. Trading requires a lot of detailed planning, education, and experience. The Apiary Fund is a great resource for beginner traders because they have such a brilliant way with teaching aspiring traders just coming into the Forex market and showing those traders how to take the steps to be successful and profitable. Here are some suggestions on how to make sure you don't fall for the very common mistakes traders make in the markets.
Demo accounts are being broadly used nowadays throughout the Forex industry. They're popular because they're easy to use and often free. Typically, when you partner with a brokerage company, you will receive a demo account already active and ready to go. I always suggest finding a demo account through a brokerage company so you can have access to trading education, advice and guidance.
Day trading can be a tough business to get into and is only profitable when traders take it seriously and value their education and support system. It should be considered only as if it was a job: not a hobby. So, it should be taken seriously and as a trader, you need to be focused, attentive, and attach yourself to mental preparedness.