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  • If you are good at currency trading, there are good opportunities to become filthy rich. Everything is easy when you're good at something, but like anything else it requires some effort to reach a... If you are good at currency trading, there are good opportunities to become filthy rich. Everything is easy when you're good at something, but like anything else it requires some effort to reach a level where you can expect to live to trade currencies.

    You can never lose more money than you invest if you learn everytime. That is the cheapest way to start sometimes with an amount you are comfortable with and still get a good return.
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  • VJIADIS
    Yes, you can start Forex trading and begin to pick up experience at 15 years. And yes, trading can be a good option for people who don't feel able to take on a conventional job.

    But forget...
    Yes, you can start Forex trading and begin to pick up experience at 15 years. And yes, trading can be a good option for people who don't feel able to take on a conventional job.

    But forget about trading real money for a bit: sign up with a good broker like Dukascopy or IC Markets and start demo trading.

    But you should start out with realistic expectations. If you're going to do it, do it properly and treat it like a profession. Read as widely as you can. Understand position sizing and risk management. Learn to program and backtest. Understand the statistics. Aim to make 1% a day - it's a very ambitious target, and will force you to think outside the box and develop creative approaches.

    Realistically you should budget for 2-3 years of hard work before you'll be ready to start live trading. You can't make a living with a $100 account, even if you achieve insanely high returns. So plan to prove your system with demo trading. If the profitability and risk profile are good, then it's likely that someone in your family will invest in you and help you get going then pick up the great broker according to Top 20 Forex Brokers.

    And you should probably start with the writings of Van Tharp, as he's one of the few educators that understands risk properly, and risk management is the fundamental skill.
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  • VJIADIS
    VJIADIS replied to a discussion, HELLO EVERYONE !!!
    Totally agree with ken508
    Follow his answer!
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