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Can a Student become a forex trader
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It takes a lot of studying to become a successful trader and you will have enough studying to do anyway!
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Originally posted by mamun05 View PostHi,
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?
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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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So it was pretty different, I was getting quite confused here for a moment.
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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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Originally posted by mlawson71 View PostSince 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.
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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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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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
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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?Tags: None
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