by 3 hours ago
ANSWERS: 4
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You must first try and practice on demo accounts-paper trade in other words.most online brokers provide with the facility of opening a free virtual account. How long you need to practice on demos will depend on your abilities. It is best not to hurry.Then you could move on to opening a mini account.When you get to real trading , trade only with marginal amount and keep on increasing the investment gradually.Practice helps.
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Answer: You do not need any credentials or training to start in the forex market. Most broker do however require a minimum salary of $20,000 USD's to open an account with them. It would also be foolish to open a live account with out trading in, and becoming consistently profitable in a demo account. You will notice when you begin to live trade that your emotions will be a very impactive factor in your decisions. Money management and your emotional psycology is most important.
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Hi, There is no credentials necessary for forex trading but yes training a bit is important but not necessary. If without training you can manage its great. Otherwise you may get yourself a bit training so that you may analysis trends better, forecast it better and hence trade better. Try out some practice accounts and get yourself familiar with this market to better manage your LIVE trades.
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Just go ahead and mail all your money to me. It will save you a lot of time and at least one of us will be happy.
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