Quote:
Originally Posted by seihes
I have to disagree with two things in this thread. first of all, going through the whole school isn't enough to know if "forex is the right investment for me". I did it. And I feel I still have to demo trade, back test a trading plan with historical data, and eventually try with a small amount of money (hopefully 5k).
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I agree 100% that you need to actually give forex trading a shot to see if it really is something that's for you. Sure, you can figure out certain things by reading up on this site and elsewhere, but once you've got that out of the way, it has to be time to do some exploratory work.
What I would counter with in terms of the "small amount of money" is that unless this is a
very small fraction of your available capital, I wouldn't even go that big. There are plenty of opportunities to open accounts and trade with less money than that. You are going to suffer losses when you first start getting your feet wet. Why not make them as small as possible? You could start trading with $100 (or less, even) with Oanda and get pretty much the same experience as having a bigger account elsewhere - at least in terms of the markets, if not the actual platform.
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