True, that does happen. But still, having proper regulation is better than having no regulation. Scammers go to great lengths to appear legitimate. Scam brokers actually went so far so as to build a whole fake CySEC website and list themselves there ...

Is Forex reliable?

I am not sure that even 1:1000 leverage is that adviseable under any circumstances.

Is it possible to trade the forex market without a broker?

No problem, it's easy to conflate those two, I have done so too.

How long did it take you to become profitable

One needs to make sure that the broker does allow scalping and that their spreads are narrow.

Scalp

I think demo accounts should still be used at the very beginning, but it is, indeed, a good idea to start small when one does move onto a live account.

Trading Emotions

My advice is, always do your research. Make sure your broker is properly regulated by double checking with the regulator. Is possible, pick a broker regulated in your jurisdiction - if your local regulator can be trusted. That means to research your ...

Is Forex reliable?

Some, but it's not the driving factor. Also, by circumstances I did not mean luck, my apologies, I should have clarified. I was referring to their job, to their family situation, etc. which dictate how much free time they have.

How long did it take you to become profitable

Even forex is not too reliable, sadly. For example, the the Australian Competition and Consumer Commission (ACCC) published its report about scams conducted last year yesterday - according to that report, Australians have lost a shocking AUD $126 ...

Is Forex reliable?

True. Greed tends to completely ruin trader's plans.

Consistency

True. In the end that is the most important bit - one needs to be willing to learn.

Trading Emotions

True. It's simple in theory but really quite complicated in practice, unfortunately.

Is Forex reliable?

If one has the latter the former will come as well.

Consistency

Unfortunately a lot of newbies suffer from that problem, some experienced traders too.

I plan to quit forex!

I think that last part is quite important - one needs both theory and practice to learn.

Is demo a step before real trading?

That's a good point, I don't know why I didn't think about Brexit.

Three Cypriot Brokers to no Longer Provide FX Services

And circumstances, and discipline. But generally, I do largely agree with what you've said.

How long did it take you to become profitable

Unfortunately a lot of people without much experience do not much believe in the importance of learning on a demo account, and then they learn a very unpleasant lesson about it.

Is demo a step before real trading?

I would add discipline too. They need to go hand in hand.

Trading Tips

While people can't profit anything material from the demo account, being able to learn without stressing about losses is a pretty big gain, in my opinion.

Demo Forex VS Real Forex