Before you start trading.

[jai]

demo account first of all jeetna merzi koi koshish ker ley , serious or emotions k saath nehi ker sekta and second jo result demo per ho same live per hona bohot mushkil hey kunki emotions hotay hien, jis ko control kerna, aag k deriya mein jump legaaney k beraaber hey

[malik83]

before start trading in forex you should be read about trading market and have full information of market trend if you open a trade but the main thing which think is so important is your money management, your strategy and trading plan.

[jai]

yup, same with me, confirmation between fundamental and analysis is the most important part before we decide enter the market. Usually i will crosscheck in each time frame form the smaller one till the bigger one, if all the movement is on the same path then i will know it's time to enter the position.

[amit]

It is very important that a trader should follow some good rules. Spatially new trader need some good rules to follow. I think you are right most of trader should know how to use leverage properly. Strategy is very important part of trading. Newbie should start trade with a good strategy.

[amit]

I think your right newbie should learn first about forex. Then learn risk management system and practice with demo account. Practice makes a man perfect.

[dmambi]

we must always be prepared to lose all our capital in one day, ..
but we can minimize the potential loss by applying money management in our trading activity

No i don't believe in this kind of trading, one should not be prepared to loose the money, instead be ready to more money , more wealth with adequate knowledge of the market and trading conditions. There are many ways to learn the Forex without loosing the money in hand. But if at all after all your efforts loss comes , then be prepared mentally for that.

[oscar]

a lot of knowledge that must be known before starting forex trading business ..
we must always be prepared to lose all our capital in one day, ..
but we can minimize the potential loss by applying money management in our trading activity

[balakalimuthu]

Before starting Forex, one Forex aspirant must know how a trading system works and who moves the price up and down. There are lot of basics, we must know like going short, usage of leverage and many more. Then aspirant must go to demo account to see these things in live manner. Getting consistent profit in demo is a symptom for switching to Live Forex.

[Thakur]

the best way of before forex trading you should learn firstly baby pips and should use it in demo account.it gives several important things such as lot sizes,different spreads currency pairs,take profit,stop loss,pending order,margin call.many ways to learn forex deeply,forum posts is the best way to get enormous knowledge about forex.

Baby pips is good site for learning how to trade, but this indian forex forum is also good to learn forex. Now that there is contest trading, we can check the contest participant and see their strategy. We can learn from there too.

[fxtenam]

those are really important elements which cannot be ignored. but there are some more more things which are also considered before starting trading on forex. those are....
1. learning more about forex
2. mandatory constitutions of forex
3. spend more time in demo
4. learn to control emotion

and many more.....