Forex Trading - How many are interested in it?

I am happy to know that you are already trading and making money. Educating oneself is the first step. Wishing you success in trading.

Nice to know that you are having a good time trading in Fx. You can be successful in forex, if you stick to what you know. all that you have to do is to plan the number of pips you need everyday. achieve it in smaller lots of multiple trades.

Yes, I really hope to be successful in forex. So far there has been no significant barriers for me. I am very satisfied with the results I get.

Yes, definitely you can join it. There are many Indians like you who are trading in forex. to start trading one can start with $1 onwards. but to make real profit one has to have a decent capital. the most important thing is to choose a right broker who has some good reputation and has good customer support service. Most of the sites do give some educational materials, but I suggest you to read as many materials, preferably the basic ones as they are more useful in trading. I too have a good collection of ebooks, shortly I am going to share those with all through a blog or website.

If you are interested, the first step is to learn it and understand it thoroughly. take your time to learn, if you are really interested. if the situation is not right, wait for the time to become right and when your are confident, enter it.

Forex trading is risky. But for the one who knows it, it is just like any other trade or profession. there are few brokers who fleece the traders and ultimately they close the account frustrated. you friend is right partially. some brokers ask high deposits. now there are few big ones who will offer you trading services with just $1. You have the choice of Micro, Mini and standard lots to trade. Those who do not have a liking to trade should definitely stay away from it. I agree that one should not use any of the money lying in one's bank account for these forex trading. I have not invested even a single penny from my bank. the money I deposited to start my account came from online earnings which I earned during my spare time.

Trading is an interesting profession, and forex is a 24/5 market and one can trade any time. to be a fund manager is what many traders aspire to be, but I want to be a solitary trader managing my own business, i.e., my trading. I am searching for a good broker with the tightest spreads and who does not tamper with the spreads as markets become volatile.

I am only a part time trader now. But I am comfortable trading whenever the time permits me to. I look for about 8-12 pips a trade with 30-50 pips a day. I spend about roughly 2-3hrs a day (between 6am to 11pm). mostly I sit for a 15 minutes to 20 minutes for a trade and get out with what I got. Have seen massive losses too... but I am able to stay profitable most of the time... I think I too should get down to low spread per trade and spend some time continuously at trading terminal so that I can achieve 60 pips or more a day.

Most forex brokers spend heavily promoting their services. They also make money in the process. All that they gives is a small portion of their daily earnings. If you are a good trader, then he earns from you as you trade every time. Your earnings will depend on you. my advice is never listen to brokers advice or other signal providers. they have their own vested interest to serve. The only alternative is to learn, educate yourself. Take a month's time. or the time that you need. learn what is forex, what is trading and all that is related to it. Most trading platforms offered by broker has a Demo Account. One can use that and test your skill without any investment or fear of loss. then one can trade in a small way till one become confident. There brokers who are registered with regulators in US and UK who are offering online trading services. most of them offer very low entry trading opportunity which is good for many newcomers. I too do not suggest anybody using credit cards for paying margin money to start trading. Most of the brokers use some or the other payment processors. Most widely used ones are Liberty Reserve, Perfect Money, Global Digital Pay, Webmoney etc. LR and PM has instant credits to account and one can start trading right away.