Comments on: What Are The Basic Requirements For Forex Trading?

By: Elliott

Elliott — Wed, 10 Feb 2010 14:15:55 +0000

The first thing you need is to find a good broker. You can find a list of the best forex brokers reviewed at http://www.forexlane.com/brokers.html

By: Mike

Mike — Wed, 10 Feb 2010 13:11:54 +0000

Forex, like any other market has risks as well as possible rewards. There is no guarantee of profit. For a small trader, a broker like OANDA.com might a good place to open an account with.

By: Gain

Gain — Wed, 10 Feb 2010 11:40:18 +0000

Profit is unlimited…Max loss is 100%
You should go Google for forex web site and apply for it such as forex.com

By: Mouse

Mouse — Wed, 10 Feb 2010 08:41:31 +0000

Well, I would actually say the basic requirement for forex trading is having common sense and the ability to learn. You can never stop learning in this field. Learn the basics at http://www.forex-savvy.com.

By: Zach

Zach — Wed, 10 Feb 2010 07:37:30 +0000

Yo dude go here. You can get a free trial and they teach you all about it. It is a course on how to succeed with it they give you special tools and every thing. Here is the link. http://78e8c50pfmpkcn145cmk-r7m3z.hop.clickbank.net/

By: Gustavo F

Gustavo F — Wed, 10 Feb 2010 04:48:25 +0000

Hi there I was in your shoes a while back. I started trading forex in 2007.
I have learned a lot and have a lost a lot of money but now I am earning it.
I would recommend go online visit some sites and learn the basics. I recommend http://www.forex4noobs.com/ it is an amazing site helps a lot I learned a lot there on my first days.
I have my trading journal there GusForex and my blog at http://www.gusforex.com/
The best way to learn is open a demo account at any broker and start learning the platform then understand why prices move up and down. Look at other peoples systems and see what they do and try and learn from that. Dont buy these systems that promise millions trust me they dont work, I bought plenty of them.
I have all my trades on my blog and update it frequently. I am always posting to my journal at http://www.forex4noobs.com/forums/tradin…
So just drop by and I will be willing to help.

By: Isko

Isko — Wed, 10 Feb 2010 03:31:12 +0000

while lots of people claim great profits from trading forex, there is no guarantee that you can duplicate their achiements. it will largely depend on your acquired knowledge, experience and strategies you apply on every trade. being a newbie you need to do lots of research. read ebooks and practice with demo accounts. i can personally recommend this site. they have lots of learning tools and materials for your education. you may download a free ebook and a free demo account as well. they will even provide you a personal account service manager as your mentor & consultant by opening a traders account. all the best

By: Sirtobst

Sirtobst — Tue, 09 Feb 2010 23:53:52 +0000

Forex trading is risky at the best of times – I would strongly suggest opening a demo account first – that way you can adjust your settings, play around, and see what works for you under a variety of situations and it also greatly depends on the amount of money you are willing to risk.
Have you considered using an expert advisor to assist you? especially since you many not have the experience to understand the market? these expert advisers are effectively robots which operate in the market, with specific currency pairs and know the smarts about trading (but of couse nothing is fool proof).
Have a look at this one – its the latest aroundhttp://595f2nxc89mq8d120ool2mdp6x.hop.cl…
If nothing else just read about it as it may give you some insight. I have also trialled a few others and am demoing one at the moment. If you want to know the details pls let me know.

By: Anonymous

Anonymous — Tue, 09 Feb 2010 22:33:52 +0000

Forex Market is Draconic. According to statistics, only 10% of Traders on Forex market are winner. Therefore, you must first have a knowledge and experience long time in this area. You should begin with demo account. After about 1 year, you can open real account in any Forex company, for example. FxPro, FXCM, and start trading. The more important that you overcome yourself.

By: Micheal

Micheal — Tue, 09 Feb 2010 20:45:25 +0000

You can start forex trading by opening an account with forex broker. But the question arises about reliable forex broker and in order to that you have to do a litter research on them. Few important points are mentioned below which you need to keep in mind while hiring forex borker are:
1.24 hours services
2.Trading platform
3.Trading pairs
4.Transaction cost.
5.Margin
6.Lot size
I hope these information will help you out in starting a forex trading business
And secondly forex trading is a risky business few people succeed only so its all depends how luck goes