What are the Basic requirment for to be started in forex

[hadg33]

Practice and the skills are fine but if you don't have the time and also the money then surely you are going to be having some issues with this setup. In such case you should be considering the money for your usage, most of the time it should work that way for sure, i don't consider any other way.

You would have to consider other way 'cos if you don't consider other ways,you would be loosing all the time when trading,what if you have a means of getting capital and you also have time but you don't have proper knowledge about forex,you would also be loosing when trading because of the lack of knowledge about forex

 

[Nazmul01]

As per as my personal views knowledge is very important for start Forex business.On the other hand you have need a Computer with internet connection is sufficient for Forex treading.

 

[Nazmul01]

If you want to be a Forex trader you need money and a computer but if you want to be a good treader you must need many knowledge.

 

[ryuken]

You would have to consider other way 'cos if you don't consider other ways,you would be loosing all the time when trading,what if you have a means of getting capital and you also have time but you don't have proper knowledge about forex,you would also be loosing when trading because of the lack of knowledge about forex

Well if we get the capital from the savings then more likely that is more risk compared to the forum bonnus. so what other ways we have here? knowledge and skill doesn't bring capital, but only work or say job can bring the capital there. that would be only way to manage the forex trading these days.

 

[hadg33]

Yes knowledge and skills would not bring capital,but when you have the knowledge and skills,the tendency of you making profits is very high,though the bonus is good but you can still get capital to trade in several forums

 

[ryuken]

I think the basic requirement for the forex is that you have to get some skills in order to avoid the loss and make money. I have found that you also need some decent capital to trade into the forex. I don't think you should assume too much about the forex get rich quick things becaue these are not true.

 

[indieover]

If you always try to learn and practice that you'll find or understand what other things you would need to do and learn. But if you don't p practice well then it's not going to be easy to know how to be a successful trader.

 

[riddick09]

Yes, that's correct that you are going to find other stuffs or things that you don't usually have in the texts or what we read. Those are experiences and important things that greatly have purpose in our trading. I don't think they will going to be successful without even practice in demo.

 

[monyitomon]

For me it is our Internet connection because we can't do trading without an internet connection and we know how important to have a good internet connection in our trades so we must ensure that we have the fastest connection when doing trades.

 

[chintu]

Internet connection is really very much important for a trader to trade with because as we know with out internet connection it is really very difficult to earn with forex . I am sure that with out a proper internet connection it is not easy to earn forex .

 

[kasual]

yes, internet connection is really important because sometimes, requote occur when we tried to open or close order because the internet connection not so good. and the weird thing is many traders often to blame brokers for this case. after making sure that our internet connection is very good, if requote problem still occur we can blame other thing.

 

[PROPENSITY100]

Yes, that's correct that you are going to find other stuffs or things that you don't usually have in the texts or what we read. Those are experiences and important things that greatly have purpose in our trading. I don't think they will going to be successful without even practice in demo.

Experience is crucial to make us a good trader. Though we cannot become successful trader just by learning but learning and gaining proper knowledge helps us to make a good start and eligible to start Forex trading. Then slowly we can apply our knowledge and skills in trading and gain experience to become expert traders.

 

[eddiej]

Friends hopefully you all will be ok.
I am new here and most of the new members come here the most important question is What are the basic requirement to start forex and invest in it.
Basically i want to ask about all those things which should one know before investing. Either these are benefits or harms, rules, ways to get maximum profit, softwares for getting latest updates regarding forex.
Please you may post the requirements as under:

1 (starting from the most important)
2 (to the less)
3
4
5
.
.
and so

thanks in advance

1. Well first you need access to the internet
2. A good broker
3. Capital investment
4. Trading platform

That's all you need to start an account, but you need to learn the basics first, a whopping 95% of traders lose their money. Learn as much as you can and practice your trades on a demo account first. Develop a strategy and don't let it get to your nerves. Read, there's a good course on babypips, and forexdotcom. Also, Investopedia explains most of the things you need to know about trading. Profiforex also has a good compilation of learning materials which are very useful.

 

[riddick09]

Well, this isn't the precise percentage about losing but everyone should know about being prone on losses. Yet, it should be take care of that the basic meant to have gain some knowledge and we still need to have improve and develop our trading skills before, we can actually go on for trading.

 

[budado]

I guess the basic requirements is very simple. If we want to earn good amount of money in forex we must not first try to trade in forex not even in demo account. We must first educate ours self about forex. This is how we going to start learning and earning in forex. Because if we going to jump in real account right away chance are you will just get disappointed.

 

[riddick09]

Learn to have the basic knowledge then, we will try to trade and form our strategy in demo, after that, we will going to look for the amount of capital we needed and also apply our trading strategy in the real one. Then, we will just repeat it for the further betterment of our trading.

 

[chintu]

The basic requirement is forex to get started is firstly you need to have very good forex knowledge and that is mandatory to get started with forex . Next you need to have some capital investment to get started . if you have this both you can easily get started with forex and earn good profits . And note that knowledge is very essential to earn good profits .

 

[budado]

Commitment is also a major factor if we want to make good income in forex. Because I know many do end up losing big money in forex and they all loss money in forex because of one thing and that is they trade in forex without studying first. I do hope I can make good income in here in the long run.

 

[riddick09]

Yes, if they will not that then, they can't continue on trading or they will lack of motivation and lose the light of their candle. Either long or short term the important for is to gain profits in the end of our trades and we need these things to learn and acquire and be a profitable trader.

 

[UMOFX IB]

You should be aware of forex marker before starting it . You have to do demo practice to test your trading abilities so that you can come towards real trading.
Basic requirements for trading are
1 Investment
2- Knowledge and trading practice.
3- An internet connection
4- PC or mobile for using trading terminal.
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