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Forex Trading involve a lot of risk and its not for anyone. Below is some risk discussed to make you ready for Forex Trading should you choose to accept. The first is that you will lose everything you put in.
Money for Forex Trading!
If trader are telling you this that you don’t need any money to trade Forex then they are not telling the truth! You need money to trade Forex but you can start off with small amount of capital. Some broker allows you to open mini account with as little as $500 or $250 to start with. Remember that you are buying at mini trade or micro trade which will give you $1 or $0.1 per pips. This is a good way to start live trading but will take a longer time for you to gain an adequate amount to sustain your expenses.
For starter, $1k on 0.1 lot trading is a good start where you earn about $1 per pip. Likewise your losses is also -$1 per pip. Trade, learn and increment your trade to 0.2 lots once your hit $2k or $3k and repeat this to grow your trade to 1 lot and ...
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