I agree with [MENTION=55619]gkintl[/MENTION]. There is no restriction for anybody to trade at forex. Any adult person can trade. Just the practical and theoretical knowledge is required to start with.
Please take a look around, and feel free to .
I agree with [MENTION=55619]gkintl[/MENTION]. There is no restriction for anybody to trade at forex. Any adult person can trade. Just the practical and theoretical knowledge is required to start with.
There is no restriction though in the common sense or in a more generalized form but we know there are qualities needed to be a good trader. Advising someone who cannot bear risk to trade could be murderous. Also, someone who is impatient would find it difficult to succeed in Forex.
Yes, no doubt but at the same time, there are qualities a trader would lack and they will get a heart attack after their first loss. For example, some are known to be conservative and react to losses easily. Those people should not even attempt going into Forex in the first place because losing will cause them more harm than coming to Forex in the first place.It is true that some qualities is needed to be a good trader. But i think nobody starts as a god trader. Qualities can be developed by learning and practicing. There are many people in this forum including me who has some bad qualities. But still we are trading good and practicing to avoid those bad habbits.
Yes, no doubt but at the same time, there are qualities a trader would lack and they will get a heart attack after their first loss. For example, some are known to be conservative and react to losses easily. Those people should not even attempt going into Forex in the first place because losing will cause them more harm than coming to Forex in the first place.
I don't think forex trading is suitable for everyone. Yes everyone can learn technical and fundamental analysis, but is very difficult to control the greed and fear.
Yes, no doubt but at the same time, there are qualities a trader would lack and they will get a heart attack after their first loss. For example, some are known to be conservative and react to losses easily. Those people should not even attempt going into Forex in the first place because losing will cause them more harm than coming to Forex in the first place.
That is just the point. Forex is like a land lying fallow and owned by no one. It doesn't choose who will cultivate in it or not but the only people that can reap well from it are those that have spent their time and energy tilling it and putting some seed in it. There is no way one would enjoy Forex if he does not work hard in it.Every people can do forex trading but none can end up making good profit in forex trading if they don't know how to trade. I do recommend that we need to practice in demo account before we try to trade in real account to survive some how.
Yes,every one can do the forex,i have been planning to trade since a long time ago but according to what I have been reading,for a trader to make good profits from forex,then the trader must invest reasonable amount of funds into it but I just can't afford to loose such reasonable funds,that made me to stay out of it.
Exactly, one has to start from somewhere and one of those places is to find the best way to raise capital. These days, a lot of brokers are now going very low such that traders can start with as low as $5 in the micro account and some have still made it possible for traders to raise trading capital.You just need to see it from a different vies which is that before you will be able to earn in any business that you are doing, there are need for you to invest. So that is the same in forex trading and I can tell you that $100 is enough and you can get that from posting,
Exactly, one has to start from somewhere and one of those places is to find the best way to raise capital. These days, a lot of brokers are now going very low such that traders can start with as low as $5 in the micro account and some have still made it possible for traders to raise trading capital.
Some people will advice us to start with huge amounts but I'm not personally in support to that due to one who started just newly will have to start with little funds and then add up some funds to our trading account prior to our success.
I think what majority of those people mean is funds that are reasonably fair enough to hold us for some time so as to avoid being kicked out of the market. But since the mini account is there, I see no reason one should even start up with huge capital his most concern at that stage is that of learning and not earning.
With proper risk and money management, anyone can ATTEMPT trading. The person can start off in a very small scale though not all will eventually remain. No doubt, that is a natural law. With mini account, you can go as low as possible and you are even sure that is the kind of fund you can easily forfeit. Personally, I wouldn't mind risking it off.You are right. Now as mini account and cent account is available, newbies don't have to take fear about investing. Now newbies can start trading with very very low amount and can overcome their nervousness at real account.