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I will be Live Trading soon with FP markets as they have some of the lowest spreads and have been live since 2005 with ASIC regulation.
Any idea if they are a True ECN Broker and if they have any restrictions on scalping/Hedging?
Why is it important to make consistent profit in demo trading before using a real account in forex, and should a trader avoid trading live if not consistent?
Trade using a suitable and reliable strategy, it is possible even to make consistent profits in forex. Since I'm still at a beginner level, the only strategy I use is the pin bar.
Can I have recommendations on any other good strategy with either a video tutorial or a clear explanation on how to...
I see many reviews on brokers like FP Markets, ICM, Pepperstone and few other stating that their spreads are stable even when the market is highly volatile. Has anyone really experienced it with their current broker?
Yes, it is possible to make money but to make money in trading, you have to invest in it and take certain risks to achieve profits. It is possible to lose money as well, but with the right focus and strategy, it is possible to make consistent profit in trading.