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Can a Student become a forex trader

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  • Can a Student become a forex trader

    Hi,
    I am now studying at a University of London.Mainly I am from Bangladesh.I have knowledge of forex trading.Can I do forex trading instead of any part-time job?

  • #2
    Yes, sure..anyone above 18 years old can be a trader.

    Comment


    • #3
      Sure you can and if you want to learn more about forex trading the according to my experience BabyPips is one of the best websites for beginners and experienced trader

      Thanks

      Comment


      • #4
        Since you're a university student I assume that you're legally an adult in Bangladesh, which means that you can open an account with a broker.
        That said, I recommend spending a while on a demo account and simply learning how to trade. Don't risk real money right away.

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        • #5
          Originally posted by mlawson71 View Post
          Since you're a university student I assume that you're legally an adult in Bangladesh, which means that you can open an account with a broker.
          That said, I recommend spending a while on a demo account and simply learning how to trade. Don't risk real money right away.
          Agreed. Since you're student in UK University, you must not have enough balance in your pocket. But if you have, I know you'll be spending a lot since you're international student which costs higher in University/hostel than general students. It's good idea to start with demo, but treat it real.
          Otherwise, if you have managed well with your funds, you may start real account after few weeks of using Demo (reason you should do demo first is you need to have practical knowledge to trade, and have a good relationship with platform). Make sure you have a right mind for Forex. It's more of psychological and mental game. It can either eat your heart and make it full of hate, grumpy, greedy or it can make you happy, correction and peaceful. All depends on your attitudes.

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          • #6
            Originally posted by mamun05 View Post
            Hi,
            I am now studying at a University of London.Mainly I am from Bangladesh.I have knowledge of forex trading.Can I do forex trading instead of any part-time job?
            If you know forex why you ask !!!!.
            Answer is of course NO No No ,,,If somebody say yes ...Then please show me trader who can prove that he make more money then part time McDonald’s worker !!!
            so continue you studies work part time ,,Play with some stock No leverage as a hobby if you need trading .or forex as a hobby but no more money you will use one lotto

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            • #7
              Is it just me or was the original question completely different?

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              • #8
                Question was can I sitting home in front of my computer trading forex and make money so I do not need to work part time . Answer is NO

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                • #9
                  So it was pretty different, I was getting quite confused here for a moment.

                  Comment


                  • #10
                    Very few people are profitable in Forex and it usually takes them some years before getting there. Yes you can possibly make some money short term, but to do so steadily year after year is very difficult and unfortunately not the norm.

                    It is often said that you should only invest money in Forex that you are prepared to lose. This is excellent advice! So I strongly suggest that if you NEED an income do not rely on Forex until you have been profitable for several years. And please remember that if you can do that you are in the minority of those who attempt it.

                    Good Luck,
                    Rod

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                    • #11
                      Originally posted by Kavka View Post
                      Question was can I sitting home in front of my computer trading forex and make money so I do not need to work part time . Answer is NO
                      Yes, unfortunately forex trading can't replace your main job

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                      • #12
                        Originally posted by mamun05 View Post
                        Hi,
                        I am now studying at a University of London.Mainly I am from Bangladesh.I have knowledge of forex trading.Can I do forex trading instead of any part-time job?
                        Yes of course you can.

                        Comment


                        • #13
                          I agree with @Kavka. Instead of trading, you should do some part time Jobs.

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                          • #14
                            It takes a lot of studying to become a successful trader and you will have enough studying to do anyway!

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                            • #15
                              One other thing - focus on trading only if it doesn't get in the way of your university studies.

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