Your trading skills are also very important; you need to practice and practice till you are sure about your skills. Use the demo account till you develop a working strategy; after that, you can start to trade with the live account with a small amount that you can afford to lose , but trading forex skills are in various forms. You can decide to be a short-term trader taking short term positions, a medium-term trader, as a swing trader, or a position trader who can also be referred to as an investor.