Understanding Forex

Forex trading or currency trading is a numbers game. Let's examine this critically. First being a game. Yes it is a game in that you might win or lose. You can win and win big and you can lose and lose big. Numbers being that it has to do with figures 1234....
Forex needs one to be very calculative because it is done based purely on speculation that currencies of the world will rise or fall to a certain price at a certain time. Now don't say you never knew math in school or that calculus was one of your difficult subjects. Bah! Since you've taken to forex you need to be calculative. It is your speculation that ensures your win or lose. Simple.
You need guts or chutzpah to engage in it. If taking risk scares you then maybe forex is not for you. There are no certainties in forex just probabilities.
Trading in the foreign exchange market is a thinking person's game. You have to understand the markets; understand what charts tell you about the markets. You also need quite a lot of self discipline to develop a workable strategy and stick with it when your money is on the line. If you are not prepared to spend the time to do it right, don't get into trading - you would only be wasting your time and your money.
What you need to trade forex are an account, a broker, a computer with fast internet connection, and initial deposit (money).

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