springfx

I still prefer trading in the most familiar pairs (EUR/USD and GBP/EUR). Exotic pairs are totally avoided by me.

I think that the best way to keep your greed under control, even in good situations, is having a trading plan that marks clearly your goals and stick to it although market exceeds your expectations. Once you have reached your aim for a trade given, just exit.

I agree with fxapex, although there are several brokers which offer micro accounts, a higher capital would help you to diversify your investment and lessen the risk.

Being regulated is always a guarantee and I wouldn't trade with a broker which is not regulated by any well-known institution (CySec, FCA, etc). However this is not a 100% guarantee. I have heard about rescue funds required from some institutions, but even so in case of bankruptcy these funds won't be enough to pay all investors.

I guess it all depends on the exotic pair we are talking about, because it is not the same talking about SEK (from an EU country with strong and stable economy) than talking about ARS (with a more instable economy). I don't think exotic pairs are suitable for non experienced traders and one should be very familiar with the currency pair and the countries involved.

Well it doesn't make sense to have multiple accounts with multiple profiles when you can manage all your accounts with the same profile, and even transfer funds among different accounts.

I'm a current customer of HotForex and I really enjoy their webinars, you can always learn from the market analysis of experts.

Keeping on learning from your experience and from the other's experience is sure to help you improve your trading skills. Also learn how to be disciplined and manage your emotions during your trades. Keep your strategy simple and manage your risk properly.

For me a successful trading is when the trader gets to obtain consistent earnings over time, and you can measure and track this thanks to a profit/loss ratio.