How much the person have his annual income to join the forex trading?
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Filed under: Trading Forex
dont do it unless you work for a hedge fund. just go get some SPDR’s man.
I just invested $ 4000.00 and getting a huge profit. Great business and fun.
email me Bianka4one at yahoo
Don’t invest anything for at least six months. Trade on a demo account until you find a strategy that suits your trading style. This free weekly forex newsletter has helped me a lot
http://www.profit-with-forex.com/
Sarah
as far as I know, there is no correlation between forex tarding and annual income. In other words, it does not matter how much you earn, you can still trade forex.
Good evening Reiah,
If by your question you mean how much money is required to engage in Forex trading, it is difficult to give any firm figure in response. I would suggest that if you are unfamiliar with FX trading that you look to open a demo account and trade using the fictitious money therein before actively trading your own funds. I would certainly recommend that you use one of these accounts in conjunction with any educational efforts so that you can look to develop a system which works for you.
One piece of advice I was always given when I started trading was to only use a percentage of the ‘money’ in the demo account; i.e. to use an amount that reflected the amount I was likely to subsequently place in a live account. This will enable you to develop more appropriate money management skills. Many people are perfectly happy to flutter away demo funds, but would be less comfortable doing so with real money. Try to make your time on the demo as realistic as possible, otherwise you risk wasting the lessons which could have been learned from it.
I hope that this helps.
Yours sincerely,
Christopher Kelly