Trading Forex Tips

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I'm receiving many questions about how to start trading Forex and what is the minimum capital.

I was thinking about this today. My answer would be this. There is no minimum, but more importantly is with what a kind of money management you trade with and the efficiency of your trading system.

Be realistic and you should consider these facts mentioned below.

• Trading Forex is NOT a Get - Rich - Quick Scheme!!!

• Donť expect to start an account with a few hundred dollars and expect to
become Millionaire.

• If you are unemployed or you have any financial problems, don't expect the
trading solve your current situation.

• Never open an account with any money that you can´t afford to lose. This will
put you under the pressure and you will lose.

• Trading is mainly about the psychology if you will be under any pressure that
you must make money, most likely you will lose.

So you can start with any amount, but don't expect miracles with a couple of dollars. If your capital is low open a cent account and practice for the future when you will have more free money to invest. Skilled traders can and do make money in this field. However, like any other occupation or carrier, success doesn´t just happen overnight, not even in a few months.

Really don´t expect to learn how to trade successfully in a few months, it will take you one year or more before you start to see how it all works. You need to repeat the same processes and patterns over and over before they become a habit. Can you become a Doctor by studying 6 months university? No !! So be realistic, trading is not any easier.

Last and most important thing

If you are not committed to working very hard, If you are not ready to work hard for months, you should try some other business, trading is not for you.

Also every trader should read this:
The Disciplined Trader: Developing Winning Attitudes by Mark Douglas

U$42.92

Overview: One of the first books to address the psychological nature of how successful traders think ~ The Disciplined Trader is now an industry classic:

https://www67.zippyshare.com/v/y3IJxB6G/file.html


Trade Smart, Trade Well!

[bozzy]

Thanks for the share rep added.