1. When you are just starting out in the Forex market, it is
best to stick with trading the major currency pairs. As you gain more experience in the market, you can start trading with other pairs as well. A beginner can certainly experience ample losses if they encounter some unexpected pairings. The major currency pairs are always preferred since the market movements are easy to predict and you will be able to make consistent profits by understanding their nature.
2. Try to
start trading with a live trading account. Instead of a demo account, try starting with a micro or
Cent account, as it gives you a real-world trading experience with minimal losses.
3. Don't forget to set your risk management rules. Risk is inevitable in forex trading. Without a proper risk management plan, there is a higher chance that you?ll blow your trading account.
Good luck