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Forex trading carries a lot of risks. New traders should focus on demo trading first. Traders can trade with virtual money and test their skills and strategies without worrying about loss. So, learn proper trading. There are many brokers that offer free educational materials, such as Eurotrader. The broker also offers no requotes, no hidden fees, and many other requirements.
Demo trading is the best way to trade in the forex market. It is a risk-free account. Traders can trade with virtual money in demo trading. The trader can also test their trading strategy in the demo account. I recommend new traders should try a demo account first. Almost all brokers like Eurotrader offer it. The demo account is the same as the real account. The only difference is virtual money.
I prefer day trading the most because I can trade without taking high risk in trading. On the hand, news trading involves large amount of risk and uncertainty. Eurotrader broker helps me in easy execution of trades with their superior trading technology.