Fxview for me - Low commission ($1 per side) and 100% deposit bonus on every deposit, haven’t seen any other brokers offering something like that in a while.
Not a surprise that it is becoming popular, people wants to make a good money during the pandemic events including me, where trading helps me to make a bit more of money while stuck at home with 9-5 job.
No doubt that the one of the most effective risk management approaches is using the 2% rule. Even, I have to keep my calculation for risk-reward ratios to 1:2.
I have to say that fxview and pepperstone are a must if you are looking for a good ecn broker. Their trading conditions are favorable, at least good for my trading.
Without a doubt, demo trading has helped me to have a better grasp of how forex trading works in this vast market. I was able to back-test and design tactics using it.
The biggest error that any trader will ever make is being afraid to make mistakes. If you are not afraid to make mistake, then how will you be able to learn and grow?
Unless you got a great tremendous level of luck favoring in your way, I have to say no. You will need to manage the knowledge and put whatever you have taken from that type of knowledge into the forex to be able to make some money.
For me, I always tried out a demo trading before putting an actual amount to start a trading. Having a personal experience with brokers can be helpful, also I recommend choosing regulated brokers. These are some - fxview, icmarkets or fxpro
I don't think many of are trading in the unstable market, but yes, the market is very competitive and most of us are taking advantages of that, just to make a potential profit.