Don't start trading on Monday before checking the economic callendar for the entire week - getting surprised by high volatility caused by a big economic event you had no idea about can be very unpleasant.
A beginner should NOT start trading directly using real money. He should trade first on demo for at least 3 - 4 months. Only then he will become able to understand some what about the working of the market.
Pro trader? Well, the Forex market has "No Pro". But there are few traders out there who just keep on turning profits. Nonetheless, I think a pro trader should never compromise his/her expertise by being over-confident. Anything can happen in the world of Forex, and the more we think we are in absolute control, the more we are likely to let our guard down.
Yeah, but still...trading on demo is quite different from trading with real money. When you trade on demo you don't use your money, so you don't have to control your emotions because you don't miss anything if you meet with losses.
yes it happened we are more relax while trading on demo account . In real trading we face emotional situation. A trader should never apply results of demo on real his performance will totally different when h will trade with his own amount.