In simple words swaps are the fee which is either debited or credited to your account when your positions are held overnight.

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Yes I have read that book, the best book ever. It will really teach you a lot of things.

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It depends on your trading strategy also but if you are new to trading then I would say go for 2% of $800, keep your risk minimum in the beginning.

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Sometimes you have all the knowledge and skill but still you lose just because of poor money management. Work on it and recover soon.

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Both platforms are the same. Demo accounts are good for practicing before you enter live trading. The only difference is that in live account real money is involved and in demo trading virtual money is involved.

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I am a swing trader, I do not like watching my screen throughout the day therefore my average trade length is more than 1 day.

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Yes, even if you are good at formulating strategies but you do not have time for trading in that case you can obviously use copy trading.

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Yes you can learn forex on your own and make your own strategy but it takes a lot of time and patience, therefore before starting make sure that you are ready to invest this much time and if you are not sure about your own trading strategy then you ...

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Mostly people enter into trading to make money, but sooner they realize that in order to make money from Forex you need to learn a lot but no one wants to invest that time hence they end up with losing all money.

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Yes, back testing is also important.

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I think trading is much better than gambling, here you do not depend on luck only, you actually learn new things and apply the technique to make profit rather than depending on luck.

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Exactly searching for a reliable broker is one of the crucial steps. You have to do a lot of research for this otherwise you can be scammed.

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You have a nice trading strategy, I will try to follow the same strategy.

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Think about learning and gaining knowledge and developing skills, you will automatically start making profit.

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But I want to know what is the use of the 12h timeframe? Do you use any EAs?

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For understanding other market impacts on the forex market you can check the news on Fx street or babypips, even on forex factory you can check for all the news and calendar too which show the economic event and their impacts.

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But how can you be so sure that the tips given by the mentor will be right? Market is volatile many times, strategies won’t work same as you have planned.

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Try to learn more and more, it’s demotivating when your strategy does not work but if you rely on a mentor, you will never learn trading by yourself.

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Why so? How the type of broker I am choosing is related to my account capital?

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Extracted posts — What about spreads and commissions?

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