Thursday, August 27, 2009

Forex Trading - key considerations

I am a non guru ( read my bio ) and by no means I am in a position to give any professional advice.It is only my pleasure to share with all lens reader here regarding my tough trading journey before I achieve trading success.The followings are my list of recommendations before you consider taking up forex trading :
Ask yourself if you really have the time , passion , and commitment to make forex trading a profession. Do not jump into it just because you are hearing people making lots of money in this area.
Check if you can set aside some funds to get proper education in forex trading. This is one of the most important requirement. It is crucial that you invest in education before you invest in the market.
You next need some capital that you can afford to lose , without impacting your personal life. In the beginning stage you may not attain consistency in trading results yet , so having sufficient capital to start off with is very crucial so as to avoid unnecessary stress during trading.

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