Major pairs are usually high liquid with average or competitive spreads as compared with the other exotic pairs so the new traders should better choose the majors in the early stages of their development.
Based on the analysis, we are putting in pure work and experience to risk our money for making more money from forex trading however speculations are for the gamblers only who are prone on luck only. They may win once which is mere coincidence.
Almost every major broker like hfm, octa, xm, exness, lmfx etc offers news trading with average or competitive spreads and can be used for scalping in my opinion.
The fear and greed can only be overcome by trading a demo and having a proper trading plan so if the goal is achieved or not we should not do over trading and rather review our performance for improvements.
PAMM is also good but the new innovation these day is the copy trading and some also term it as social trading where the experts can showcase their skills and make additional money by offering copy trades to the beginners.
I beleive these deposits bonuses or any bonuses come with certain terms and conditions which needed to be fulfilled in order to make a withdraw. Those who wish to avail any bonuses of the brokers may read the terms properly before availing them.
The CPI/NFP news have huge impact on the market movements so i believe we can wait for the news release impact the markets and then take the trade if necessary or stat on the side lines.
Broker's virtual to real trading contest can be a good way to earn recognition as well as prize money. I see there are many brokers offering these contests to keep their traders motivated.
Backtesting can be a good tool to practice before jumping for live trades. We can use demo to expedite our learning process because they come with free virtual funds and live market conditions.