I want to know more!

[eyes4]

Obviously the mantra - "Don't invest money you can't afford to lose." - applies and will be burned into your psyche as you read more about Forex.

Here's a way to keep interested as you slog through your education:
While reading at babypips or a similar educational site, and paper trading, open a mini account and fund it with a portion of every paycheck. Don't trade it for real until you are completely ready, and don't rush yourself.

By investing your time in the reading and paper trading, and by investing a small portion of your real money in a live mini account, you will stay focused on the education and take the paper trading much more seriously.

I think this keeps you conservative and balanced when you know those early losses could have been real money losses.

Using the mini account as (another) savings account [you do have a savings account, right?], for a few months prior to trading live, you will be displaying a small percentage of the discipline necessary to be a successful trader.

eyes4

[carry]

Originally Posted by knoppixgold

forex like other business, its needs;

1. knowledge
2. discipline
3. money management
4 capital
5. strategy

if u have those things....u can joint the business if u lack just one of that factors its dangerous...

yes you're right! it's impossible to trade without theese important components...

[germany_fan]

agree with you, but you need to work harder to get it~