What are the Basic requirment for to be started in forex

[kasual]

Basic requirement is capital and skills. Traders have no difficulties in capital supposed to be. Since forex allowing traders to trade with little capital. However, skills is the major problems for majority traders. To construct good trading skills require long period of time and usually, will test traders patience.

 

[UMOFX AIR]

Basic knowledge of forex, trading skill , patience and a real trading account is a requirement for a forex trader to start trading, he needs an internet connection too for trading. Forex can be start with low or high investment as trader affords.

 

[kasual]

Patience take place since it required not only to waiting good trading setup, but also to found the method, solve problems during learning, etc. trading is a game of patience. If someone unable to patient, he has no chance to end up with successful. And even quit before he able to recover all of the losses.

 

[Decub]

Knowledge guides it all because every other thing is easily affordable. Besides knowledge, it is just the usual PC with internet access. The trading capital to start up is something you can easily get as a welcome bonus from the broker or as a broker's incentive for posting in forums.

 

[sindarin]

I think the other basic requirement is patience and dedication, also you must have willigness to learn about forex and want to endure with all of what you got today, make sure you are not an emotional trader that cannot trade so well.

 

[tray]

There are no specific requirement for us to start forex trading if you have the knowledge and the right skills to trade then you can equally trade in the forex market because nothing is attached to this biz, money should not be the problem since many broker now give 100% welcome bonus

 

[sindarin]

There are no specific requirement for us to start forex trading if you have the knowledge and the right skills to trade then you can equally trade in the forex market because nothing is attached to this biz, money should not be the problem since many broker now give 100% welcome bonus

Yeah, knowledge is a must for forex trader and also aside from knowledge, they must have capital, and must be a reasonable start for forex like at least $100, the last is a risk management because forex is all about the risk management in order to survive.

 

[kasual]

Basic requirement is knowledge about how the market works in order to enabling traders to conduct proper analysis. And proper strategy to lead traders to recognize good entry level. When traders knowledgeable and prepared with proven good trading strategy, no doubt that they’ll able to generate good results in trading.

 

[Decub]

A trader who wants to trade in Forex will also have to understand that there is a greese to making it in Forex. It's not about getting just the knowledge but he must also be prepared when it comes to capital. It doesn't really pay much depending on bonuses but at least, having a better source of capital for a better profit.

 

[fxapex]

first and the foremost requirement is the Capital, then how well you have understood the market, then which broker you have choosen to trade with, these are some preliminary requirements....

 

[Faal]

For starting demo, there is no need any qualification! But if you want to make money in your trading, then you should open your live trading account after ensuring your trading skill! Without a good trading strategy success is impossible, so a good trading strategy is must needed.

 

[Lee Mark]

For starting demo, there is no need any qualification! But if you want to make money in your trading, then you should open your live trading account after ensuring your trading skill! Without a good trading strategy success is impossible, so a good trading strategy is must needed.

I seem, traders should open their demo account after learning Mt4 trading platform’s features! I opened my demo after learning basic things of trading. It helped me a lot in my practice sessions.

 

[Faal]

That’s a good preparation for demo trading! No doubt, demo is very much useful way of Forex learning! It’s a free service but too much meaningful! I hadn’t any trainer and I learn Forex by demo practice!

 

[Kwasi]

1. Get knowledge
Choose a broker
3.Open an account
Deposit money into account
5. Start Trading

 

[Anderson]

Yes money and skills are the requirements for forex trading. Most people ignore skills. They dont study, they do not do any research. What they do is collect some ready-made strategies and check them on demo. By doing so they think they have learned. Trading is not that easy. Invest your time in learning (for newbie).

 

[sininfinity]

Yes money and skills are the requirements for forex trading. Most people ignore skills. They dont study, they do not do any research. What they do is collect some ready-made strategies and check them on demo. By doing so they think they have learned. Trading is not that easy. Invest your time in learning (for newbie).

Using others strategy is not a bad thing but before using others strategy a trader needs to make sure that he or she makes the strategy his own and understands the strategy in his own way and trades with his own decisions.

 

[Richards]

Actually, in order to start trading, you need just a few. They are little money, a computer with Internet access and enough money and wish to study.

 

[sininfinity]

All a trader needs is an internet connection and a device to say basically. But that basic requirement won't take a trader anywhere. Nowadays everyone has those but what a trader truly needs is proper education and understanding of how things work in the forex market.

 

[Derzi]

The best thing is to know the market inside out, but of course, it's impossible to do so without practice, though you can learn everything in theory. After that, you can implement your knowledge while trading on a demo account.

 

[Kuranis]

Well, there're no requirements actually. All youu need is knowledge and demo trading, Well, of course you may start without it, and I wish good luck to those who may.