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You need to have a good understanding of the currency markets especially the majors, USD, JPY, EUR. You need to learn what technical analysis is and how to read the charts.
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∙ 12y ago
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What kind of software is VT Trader?
Forex VT Trader software is a type of trading software. The website CMS Forex has a download available on its website for the software program. To download it, you need Windows XP or higher.
What does the phrase forex trader mean?
The phrase "Forex Trader" means someone that trades on the Foreign Exchange market. (Forex is a commonly used abbreviation of Foreign Exchange market.)
Is Forex trading expensive?
Forex trading is not expensive and it is probably the most reachable of all financial markets. But it is also important to keep in mind that the biggest investment in trading is trading losses. Therefore, in order to become a successful trader, you need to allot money for education, starting capital and initial losses.
Do you need a degree to become a commodity trader?
no
What is the job of a forex trader?
A Forex trader is responsible for speculating on the price movement of currency pairs in the foreign exchange markets. The goal of a successful Forex trader is to make a profit by buying and selling currencies in the market. A Forex trader will use a variety of analysis tools such as technical and fundamental analysis, to identify potential trading opportunities in the market. They will then use their knowledge and experience to decide when to open and close their trades. This can involve placing stop losses and take profit orders to ensure they are able to maximize their profits and minimize their losses. They will also need to monitor the markets closely and stay up to date with any news and events that could influence the currency pairs they are trading.
What credentials do I need to have to pursue a career in Forex Trading in NYC?
You don't need a specific degree to become a Forex trader, although some business training would probably be helpful. Go to http://www.ehow.com/how_4421285_become-forex-trader.html for a comprehensive guide on becoming a Forex trader.
How do Forex Trader pay taxes?
Forex is tax-free and forex traders do not need to pay tax. Keep all your money for yourself.
What kind of investment do you need to become a Forex trader?
To become a forex trader you need to pass the proper testing required before trading, often forex traders work for companies that outsource. The level of investment depends on they type of trading you are interested in, if working for a company you will once passing the testing will be allowed to trade under the company but even then you may need to have the funds available by some type of bond to cover any losses incured at your hand.
What kind of software is VT Trader?
Forex VT Trader software is a type of trading software. The website CMS Forex has a download available on its website for the software program. To download it, you need Windows XP or higher.
What does the phrase forex trader mean?
The phrase "Forex Trader" means someone that trades on the Foreign Exchange market. (Forex is a commonly used abbreviation of Foreign Exchange market.)
How do i start trading Forex?
The Best way to start learning about forex is to analyze and study the market, also with the help of other's you can become a professional Forex Trader. Click the link in my bio.
Does any accredited school offer training to be a Forex broker?
There are no accredited schools that offer training to become a Forex broker. If you visit the website http://www.gftforex.com you can practice and learn more about becoming a Forex trader.
Can I learn how to become a day trader?
You do not need any special degrees to become a day trader. You do, however, need to do a lot of trend research.
Do you need a degree to become a commodity trader?
no
Is Forex trading expensive?
Forex trading is not expensive and it is probably the most reachable of all financial markets. But it is also important to keep in mind that the biggest investment in trading is trading losses. Therefore, in order to become a successful trader, you need to allot money for education, starting capital and initial losses.
What training would you need to become a forex trader?
I believe you should have some education in business finance. Maybe even a finance degree. You may also be able to start as an apprentice to get some good experience in trading.
What is Forex risk?
Forex risks are financial risks in trading Forex. Depending on market moves, a trader risks losing all or a large portion of his trading capital.
