I am newbie here and also in field of Forex. I would like to know how can I trade in Forex and can make profit? Plz give me some suggestions.
First you need to know the basics of forex trading and then start demo trading, You need an organized learning source so go to babypips school first.
You can make profit in forex but that is the wrong question and angle of approach, what you should be asking is, how do I reduce risk and protect capital?
you obviously just walked into this ... Im gonna start you out on a better track.. dont go to baby pips or any forum ... sit down and learn about how the markets work.. market microstructure, behavioural finance, and economics.. then move to technical analysis.. learning on the same track as others automatically puts you on a path to failure... break away and become an engineer fully understand how this monster works before diving in... unless u wanna do this as a hobby gambler..
You should learn some basic forex knowledge in babypips.com then find a good broker in some forex broker listing site as forex-ratings.com. THen opening a demo account to get familiar with forex trading, then if you are good with forex, you can switch to live account to make money.
Yeah of course these are all the important steps and every beginner should follow these steps so that in real account they will be able to earn good and consistent profit.