the good trader is a trader who can manage money successfully , in Forex trading in spite of having most powerful analyzing trade knowledge success will not come if there is no real money management.
If you do not analyze your mistakes, then further development will not work, because it will always stand still.
The most important thing for new traders is that when they want to trade, first of all they have to understand about the market, what is the business of Forex trading and how to market it. Learn the basics of forex and gain some good knowledge about Forex to be successful in Forex trading.
its all good but from all i think practice is more important because there is no one who be perfect without having a regular practice.
Most important, do not skip the learning part. You got to have a really good base if you want to excel in forex and so, gaining proper knowledge is a very crucial step.
Undoubtedly. The journey to success is determined by how much one works on gaining knowledge and basics.
Becoming a good trader isn't easy for sure, but focusing on some main points like learning, planning, proper management, discipline, etc. can make the task a bit easier.