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3 answers

Do you have a passion to trade, or are you simply interested in making money?

If you approach it from a standpoint of risk, rather than how much money you can make, you will last a lot longer. Leverage is the killer to a lot of people in futures, commodities, and forex.
Just because you "can" doesn't mean you "should" use leverage.

Without leverage, futures and currencies are not any more risky than any other investment. Why don't more people realize this? They aren't looking. They're only looking at how they can get rich quick, the pot at the end of the rainbow, "The Answer."

A good trading platform, good executions, always using a Protective Stop, low spreads, are all ways to reduce risk.

You really need $50,000 to do it right, and $100,000 would be better. You will need at least one year of study, developing your trading plan and finding your style using simulators and demo accounts before you make your first live trade. Plus you need money to live on while you learn and trade. You can do it for less, but that's why most people blow out so quickly, before they have a a chance to prove their mettle.

You must like to read, study and heavy doses of learning. You must like long hours of work. You must become humble, conquer your fear, greed, and psychological hangups. You must invest huge sums of money, time, and effort without any expectation of return. Like any profession, you should be making a profit in about four years, after you've lost it all two or three times.

2006-08-21 15:43:54 · answer #1 · answered by dredude52 6 · 0 0

Yes, there is a group of people that I know of including professionals are doing it. Access to http://www.myfreeforex.com for better picture.
Life is for living, not for working. Experience it!

2006-08-21 22:31:13 · answer #2 · answered by Jasmine K 1 · 0 0

visit http://netnew.tripod.com and search for online trading or finance page

2006-08-21 22:15:43 · answer #3 · answered by netnew 7 · 0 0

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