Our strong advice is to educate yourself properly before you get into this game.
There are thousands of websites out there and a variety of trading educators, as well as many trading books, some good and some not so good.
Find the few pearls among them to get enlightened.
Or if you have a professional trader as friend, the better.
Watch trading videos from some good educators and read blogs of reputable websites, but consider that all that glitters is not gold.
Consume and absorb all available information, but over time, and best as soon as possible, filter out the good from the bad ones.
Spend minimum some months of intense learning and then practising, better more such as 1-2 years, before you start trading a live account.
The better your feel for the market, the more successful you will be; and to acquire that feel takes time.
The emotions that appear when your hard-earned money is on the line are one of a kind and you must be prepared for it, both psychologically and with your knowledge.
The psychological part is the most difficult one.
You have to be mentally very stable and have to master total self-control.
You will be exposed to all kinds of emotions, like fear of missing out, revenge trade thoughts, having cut losses too late, having cut winners too early, losing streaks, overtrading, boredom, anxiety, greed, regrets, anger, fear of losing everything and going back to a 9-5 job, euphoria and so on.
Traders who don’t invest time and effort for education will have a hard time and most likely blow up their trading account at some point; probably sooner than later.
In case you traded other markets so far, such as individual stocks, and want to switch now to e.g. Forex, note that the approach of trading stocks is quite different.
Hence, you still have to learn about the Forex-specifics, just like it would be the other way around.
Take the time and invest in your trading career.
You have to develop a trading style that is unique to you, one that suits your personality.
If you are not prepared to invest time in educating yourself and practising to develop your skills, stop now before you lose all your money.
Before you start trading a live account, know all substantial parts of this unique business, from psychology, risk management, position sizing, patience, discipline, market fundamentals and sentiment, intermarket and correlation analysis, currency strength analysis and all parts of technical / price action analysis, such as support and resistance, candlesticks, breakouts, price action, divergences, mathematical indicators, moving averages, chart patterns etc.
The more you know, the better chances you have to succeed.
With Bull Bear Forex, you have found a shortcut to some parts of it, but not all, since you are still responsible to take the trades yourself, decide position sizes, etc.