It takes money to make money. You need trading capital.
Everyone knows that, but how much does one need to get started in forex trading?
The answer largely depends on how you are going to approach your new start-up business.
First, consider how you are going to be educated.
There are many different approaches to learning how to trade: classes, mentors, on your own, or any combination of the three.
While there are many classes and mentors out there willing to teach forex trading, most will charge a fee.
The benefit of this route is that a well-taught class or great mentor can significantly shorten your learning curve and get you on your way to profitability in a much shorter amount of time compared to doing everything yourself.
As long as you are disciplined and laser-focused on learning the markets, your chances of success increase exponentially. You have to be a gung-ho student. If not, you’ll end up in the poor house.
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