The formula of success in trading and investing is simple:
1. Make more money than you lose
2. Never lose more than your account can afford
3. Compound your wins
The best way to learn anything is by doing. Practically all Forex brokers provide free demo accounts where you can trade in real time with imaginary capital.
Don’t be deceived by the seeming simplicity of trading. Succeeding in trading takes knowledge, skills, experience and A LOT of patience. Learn as much as you can and keep practicing on your demo account.
Once you are consistently profitable trading the demo, start trading with real money but risk as little money as you can. You will see a great difference in your own emotional responses when trading with real money.
Your own emotions and the ability to keep them at check make all the difference in trading. I will go as far as to say that 90% of success in trading is the correct psychology and discipline.