for successful trading you need toget some experience about trading, you need to know about the currency or any other place where you want to invest and do trading, the second is that first you should invest a little money, you should start trading with a little amount of money and when get some experience then you should go for full fledged trading.
Trading depends on your skills mostly.You need to have good knowledge, experience about trading.Trading is mostly skill based game so any newbie hardly can succeed on trading.So I am agree with you on this point that newbie should start with small amount and it will be a wise move.
the more time you spend in trading you will getting closer to become a succesfull trader
as in this kind job you need more than just knowledge , but experience play a major role here
so just be patient and use your time to do trade as often as you can
don't give up and keep trying that is my principle.
Yes, we must spend more time to analyse and to research about predicting the direction of market movements. No one will be able to predict hundred percent accurately about market moments, but we must concentrate to predict overall moment so that we will be able to make our trading calls potentially accurate.
To be successful with the trading we must have very strong knowledge for research and analysis. With strong research and analysis, the success in trading is almost confirmed.