Are you frustrated by your trading results? If not then continue your practice. If yes then how about starting from "Point zero"?
You aer frustrated because you have considered forex as an "ehyip" (extremely high yeild investment program). IT IS NOT.
If you are frustrated then you are no longer ready for trading. Neither on demo nor on live. Everything is already messed up so what good can you extract from this messed up situation. Take a break.
Test your stamina
During messy period, you had learned a lot about trading but wasnít able to implement in past because your brain was busy in calculating and then crying over the loss.
Now that yo u have taken a break from trading, open a fresh demo account. Donít even look at your past demo account. On NEW demo account, if you still want to scalp or even day trade... Think again. If you still want to be over aggressive... Think again. If you are considering "NEW demo" still a demo.... Think again.
For those of you (including me), who do not get real (hidden) message behind a phrase, Think Again = DO NOT.
Trade on longer timeframes. You will not only increase your "patience" skill level but also be able to lower your "greed" level significantly.
Try to divide your time, which you have allocated to trading, in more than one session. For example 4 sessions of 1 hour may be a good idea. After each trading session, take a break. Most of you may not be able to make more than 2 sessions but thats ok. The logic is that trading in different times will tell you which time yields better results for you.
Place one trade in one hour. It means you have 59 minutes to analyze and 1 minute to place your trade and if you are fast then just 20 seconds to place a trade and remaining time to analyze and read chart.
Apply same strategy in all sessions.
Analyze your performance on monthly basis.
Analyze collective performance and performance of each session.
After 6 months, your results will tell u if you are able to trade on a real account or not.
I have to remind you an important point... "Trade on longer timeframes". You must look at daily and weekly or even monthly timeframe to analyze trend and then place your trade accordingly which may end in a day or 2 or a week. Do not try to trade like a day trader or scalper when you are practicing.