What is the best way to do forex trading?

Learn currency trading

The best way to learn forex is a demo account. With a demo account you can learn forex easily and properly. Almost all the traders learn forex with a demo account at first.

Always start off with demo account so that you can learn and get better in time.

If you want to become successful in the forex market, you have to make a suitable and profitable plan. A good plan can be the way of your success.

To do forex trading you have to acquire enough technical knowledge and basic fundamental knowledge. There are many traders who trade only based on technical analysis. You have to read a lot and practice in demo to learn it.

You can find several threads here related to the same topic.

Forex trading is not so difficult. If you have proper knowledge about the basics of forex you can easily make money from this market. If you don't have proper knowledge, you can learn all the basics of forex from a demo account.

Demo is good only for strategy testing or indicator testing,maybe learn something about basic,but can can learn trading only on live account,because demo want teach you most import aspect of trading - psychology.
Of course you'll loose some money and you'll burn few accounts at start,but they'll be lost only if you won't learn from them.
Remember,there is no such thing as free education

Gain knowledge and practise it on demo account before going live

Just don't take it to serious. Have fun and keep calm if things don't go the way.

In the end, there always comes the moment when a person decides to become a trader. He got acquainted with the theory, studied various literature, read information on special Internet resources. He considers himself ready. What's next? A lot depends on a broker.
When choosing a broker, you should consider a number of factors:
- Experience of working on the market. Most often, the choice should be made in favor of the company that has been working in the market for at least five years. Thoroughly study the information about it, whether a brokerage license is available, whether it has been officially registered. Because here you can also find some scammers.
- Rating. Expert analytical sites provide information about brokers on the market. Try to pay attention to ratings, it will help not to make a mistake in your choice.
- Minimum deposit amount when opening an account. Brokerage companies provide different opportunities for a trader when opening an account. Somewhere it takes 10 dollars, and in other cases several hundred dollars.
- The amount of commission or spread. Spread is another term in trading, it means the difference between the cost of buying and selling currency, in other words the commission charged by the broker for money transactions. It is logical that brokers where the commission amount is lower will be more attractive.
- Getting to know a brokerage. There are different types of brokers. Sometimes it's important to be meticulous, there's nothing wrong with it.
Personally, I think that trading starts with the choice of a brokerage.

This is a bit strange question. Anyone who knows forex market, knows that there is no right or wrong way of trading. Any strategy which makes profits are good. Which one trader will use is exclusively his decision

True, there is no one-way-works-for-all method. Different traders use different strategies and even the same trader has to periodically review and improve their strategy for it to work.