So You Want To Learn How To Trade?
Getting started
Ok newbie, so you've decided to take the plunge and learn how to trade, Great!
I am going to be completely honest with you; I do this because I do not think you should be wasting your time if you are not cut out to be a trader. Becoming a trader is hard work. Forget what you have heard on those e-Book sales pitches and from all the greedy scammers that want your money. Realistically becoming a successful trader is hard work. It is all about trial and error and it might take while to reach your goals. So you need to ask yourself right here and now:
Have you got the dedication and patience it takes to succeed as a trader?
If 'no', don't waste your time!
If you answered yes, good, now it's time to turn off the television, close the door, and start learning.
What does it cost?
For about $20 in bank transfer fees, you can open a Forex account with as little as $10. If you want to turn $10 into $1 million you will have to hand that account down through your family to your great grand children before it reaches a substantial size. Realistically you would want to start an account with about $5,000 but I have seen people make it with less than $1,000. You can start trading with whatever amount of money you have but my recommendation is that at the very least you start with $1,000. There will be more on this later.
The tools you need
1. Computer, you do not need a super computer but a computer from 1995 wont be much use to you either. A laptop is fine too.
2. High speed internet connection, as long as it's not 56k dial-up
internet you should be fine.
3. A comfortable chair.
4. A iPhone or any other PDA type phone if you want to trade on the run.
That's all you need to start your career as a trader.
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