hello nlanders
There are a lot of reasons why Anyone may wana shy away from this sort of online business and there may be a lot of questions to ask
about it so here are some helpful about foreign currency trading

1. It is not as complicated as you think it is. Everyone can make money with it even if you are a starter.

2. It is highly risky and highly rewarding but can always control and manage what you risk

3. It is one of the most profitable online businesses, if not the most

4. You can make a living as a professional forex trader

5. You need an online demo account with a broker to start trading forex and you can get if
for free

6. You can decide on which strategy or trading plan that best suits you.

7. You can make profits daily, weekly or monthly depending on your trading system

8. You can make money short term or long term by scalping or trend trading

9. You can try out a demo account for as long as you wish before trading with real money
just to know how the system works

10. Forex prices tend to change depending on how the market views it but ultimately depends
on the forces of buyers and sellers

11. You need to be disciplined in order to be successful at it. If you are the kind of person that likes breaking rules, then forex trading may not work well with you

12. You should risk only a small percentage of your capital per trade e.g. 2-7%

13. You should always set an exit price when making an entry.

14. You can open a position by buying or selling and this means to go Long or short respectively

15. You can fund your account with e-currency or bank wire from a domiciliary account

16. You need an internet connection

17. You can monitor the economic calendar for forex news. A good example is
at forexfactory.com and fxstreet.com

18. You can only make withdrawals of your capital and any profit through the same
method you made deposit

19. You can make money in forex trading by teaching people, live trading or Introducing
Brokerage.

20. Knowing a thing or two about forex indicators can be helpful

21. Pips mean percentage in points and it the change in price of a currency over a period of time. For instance, if the price of EUR to the USD moves from 1.3200 to 1.3210 then it has moved by 0.0010 or ten pips.

22. A bear is a term used to refer to a falling market because bears
strike down.

23. A bull is a term used to refer to a rising market as it looks similar to a bull which charges pointing its horn upwards.

24. You can start with as little as $150 and grow it to $1000 with the right trading strategy

25. You don't need to trade for 24 hrs but you can still make a lot of money trading for only a few hours or mins a day.
26. The Trend is always your friend unless its about to end but you can always catch it from the bend