Can Forex really make money?
The simple answer to the question is YES!
Anybody can become wealthy trading forex. However, it is not as easy as it sounds. There are some basic things you need to understand, and that includes:
- chart interpretation/ price action
- figuring out how the trading platform you use works
- funds management
- your trading personality
- exchange dynamics
- supply and demand trading
- how to utilize edge to beat your rival(s)
These seem to be a lot of requirements to master, but the good news is that it is quite easy. To get started, you need proper education and training, and most of the trading platforms offer both.
Cityfxbroker.com provide newbie traders with free online education and training that is necessary to get them started at once.
To make money trading forex, you need a massive capital base. Although you can start small with a basic account, it will not make you rich. Having a trading account with about $25,000 is sure to put you on the path to making perfect money on forex.
Once you invest the right amount of money in forex, you must remember that this is a marathon, not a sprint. So you must be ready to play the long game.