To make money and be debt free. Financially free.
I think the most important thing in forex trading is a reliable and regulated broker. Because without a broker you can not make a trade in this market.
I think in forex knowledge of trading is very important and without knowledge and skills you can not become a good and successful trader. Also as JenniferClark said in above reply that with a good, reliable and regulated broker help you can not make a trade so choose a broker with good reputation and with other good qualities like low spread, good customer support etc.
Well, it would only take you a decade or two to achieve your goal. Best start on here by pressing the green education button above and learn how to trade forex properly.
Oh, and a tip. Forex trading is all about NOT LOSING MONEY. Master money and risk management and you could still be in the game while others fall by the wayside.
That’s the goal, right? It’s definitely a lot easier said than done, but I hope you have the patience and motivation to see it through.
Well, there are a lot of reasons for you to go with forex. For starters, the trading and transaction cost is very low which makes it easier for a beginner to enter the market. You can trade anytime you want since the market is open 24 hours and there is high liquidity that can lead to good returns. You will also get to learn a lot about different aspects of forex. Technical and fundamental analysis is a must for every trader. There are brokers that you will make use of and you cannot trade without a stable platform. So make sure you go with some reliable and regulated brokers. I’ve been trading with Oanda, Pepperstone and Fxview for a long time and the commissions are very low with these. So that’s another plus, forex trading is cost-effective, anyone willing to learn technical analysis can do it.
Choosing forex is alright, but mind it that it’s not everyone’s cup of tea. It takes a lot to be a profitable trader. You better start learning right away,as it’s a long journey my friend.
Because forex trading is 24*7 I can be a part time trader and trade when I get time.
Years in trading and I now consider Forex the best way to diversify my source of income.I Make major movements and invest more on weekends since it’s an off from work and an on for forex.