I want to know about what it takes to operate in a financial market. And about forex tradig.?

Answer 1

I know the allure of big money is attractive in this market, but it isn't easy. Here are a few things you will need.

1. In depth knowledge of finance, at least in whatever you are specializing in. This could be derivatives, fixed income, forex, etc.
2. Ability to operate under high pressure situations.
3. Series 7 license to trade legally.
4. Ability to work extremely long hours some days, even staying up all night, and work very little others.

Basically, in business school they teach you the phrase "there is no such thing as a free lunch." Meaning that there is really no way to make a ton of money without the appropriate amount of risk. So even though you might be able to make some smart trades and make a few bucks here and there, you are probably also going to have to be able to tolerate a high amount of risk.

Answer 2

it takes brains, study, knowledge, solid personal psychology, and starting capital.


Way too many of those ads you've been seeing are designed to lure in folk who'll then lose some, all, or more than all of their capital.


One decades long market studier whose work i'm partly familiar with used to start his intro seminars with the claim that 49 out of 50 new traders would leave the markets wthin two years after having lost some, all, or more than all of their capital.


98% losers is pretty stiff odds, don't you think?


Over here in America, we've even had scandals in which it was claimed that some of the 'trading houses' doing the ads did not in fact actually make the trades their 'clients' issued the orders for in the markets, but instead took the other end of all the trades themselves (plus broker's fees) -- betting that the 98% losers will lose more than the 2% winners would win! [Especially since anyone who they identify as a winner is moved to a different broker who then actually makes their trades -- after possibly a bit of front-running, of course.]


There is no such thing as a free lunch.
Trading isn't simple, easy, or low risk.

If you don't understand why this is so, then you are in the 98% who will likely lose, so you'd best do a lot of learning before you bet anything in the markets.


clear?

Answer 3

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