as a new Forex trader i think it is really challenging to control emotions even when trading in a demo account .
There are many brokers in the market, the one which you find suitable as per your needs, can open the demo account with.
The biggest challenge I’ve come across during my start as a forex trader was avoiding the streak of losses, which I couldn’t. Thankfully, I knew the concepts of ‘Stop loss’ that saved me from heavy losses. So, all those who are in their starting days of trading should pay attention to their capital. They shouldn’t risk more than 2% of their capital and also incorporate a risk management plan to get out of a losing trade early to prevent heavy losses.
While there are many challenges for forex traders, I think the most challenging part for most traders would be to find out the right point to enter and exit a trade. If someone doesn’t know when to open a position and when to close it, then there is no way he/she could make a profit. There could be a one-off success, but for consistent profits, one has to know the right entry and exit points in a trade along with a concrete risk management strategy to minimise losses in case of an unfavourable trade.