Welcome to the wonderful world of forex trading. This is the place where all the money of the world goes. The largest market in the world. Larger than all the stock market of the world combined.
Forex Trading is a kind of short term investing in currency or foreign exchange. The goal of successful forex trading is to make a profit by buying and selling currencies of other countries e. US dollar, Japanese YEN, British POUND and others. The market is worth 4 Trillion Dollars. If you become a good trader, even a small slice of that pie can make you a millionaire. The challenge of course is knowing how to trade and how to get started.
You need a computer with internet connection. If you are reading this, then you are all set. And the easiest way to do this is to open a dollar account. You can get more info on how to do this in my article.
So You Want To Trade For A Living: How Much Money Do You Really Need - The Lund Loop
You can try social trading and use Paypal to deposit and withdraw your earnings. Though I would recommend the first option more.
But now, since the advent of the internet, there has been a lot of companies catering to normal people like us, called retail traders. We have list of brokers in this page.
Brokers allows you to trade. They are the one who processes your request to buy or sell currencies.
Its important to know your brokers well. You can get started in forex trading in any amount you like.
We have a list of brokers here if you need any recommendations. I personally use these brokers. You can trade online in real time but not at risk of losing real money. Its a very good way to learn how to trade. You may open a demo account from our list of brokers.
Its easy to get started in forex trading. I hope this article helps you in getting started in this wonderful, intellectually challenging endeavor. If you like this article, please consider liking us on facebook or sharing this with your friend. I am planning to do forex trading as well. The broker I am planning to go with FXCM has an option to fund the account through Debit Card.
How much money do you need to start Forex trading
Leveraged trading may not be suitable for all investors, so please ensure you fully understand the risks involved and seek independent advice if necessary. Forex Philippines Forex Trading Philippines Learn Forex Trading Search.
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Forex Philippines About How To Trade Forex Brokers Social Trading Contact. Posted on May 19, by ForexPhil.