Question:
My uncle recently forwarded me a page on forex trading. And it has like 13 chapters set up like grades in school so you can learn Forex Trading. After reading the first few chapters I can see how it does sound interesting How much knolwage should you have before trying to trade forex and is there really companies out there that you can start investing as little as 300-500 dollars
Answer:
Forex...stands for foreign exchange..you are talking currencies.
You must do a course...you will lose money..can you handle that?
All traders lose at some time..can you handle having a string of losses?
Doing a course gives you a system you can use and helps you get confident about your trading.
After you understand how Forex works, you should exercise on some trail software that would give a sense of how well you grasped the concepts. Don't put your money at risk before doing that, and actually don't invest any money you cannot afford to lose.
And yes, there are a ton of companies that would be happy to offer you a mini account, but remember to check them with NFA(the National Futures Association) before investing with them.
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