How Do I Become a Foreign Exchange Trader?
Becoming a foreign exchange trader is as simple as finding an online broker, signing up for an account and depositing the minimum amount into it. Trading foreign exchange to make a profit is a much more challenging proposition. Alternatively, an interested investor can contract with a foreign exchange broker to make trades on its behalf in return for commissions. Learn more about foreign exchange trading. Read books and consider taking courses about the market. This is a challenging, high stress market to trade. It operates 24 hours a day, and large shifts can mean gigantic profits or huge losses. Leverage in trading foreign exchange is nearly ubiquitous, as the average shifts in value are so small that the trades need to be made in large quantities to see significant profits. Create a pool of savings that can cover losses made from foreign exchange trading. This field is risky, especially for new traders, and any trader who wants to remain solvent should take care to secure their pers
