There are a lot of concerns to put first before engaging yourself in trading. And the first thing to settle before opening an account is to remember this words: Trading forex is not for the unemployed, those on low incomes, or who can’t afford to pay their electricity bill or afford to eat. Why am I saying this? It is because in Forex market, you should have at least $10,000 of trading capital that you can afford to lose.
I know what’s on your mind right now, you’re thinking that Forex trades are just for those rich kids. No, of course, but this is to remind you guys, that in trading you should be ready and alert. This is to prepare you guys to handle situations that you yourself don’t expect to happen. So, if you don’t have enough money to trade, wait, there still time to be in a trade market.
So, for you to avoid bankruptcy or no money at all, always prioritize important matters first. Don’t take the plunge if you are not emotionally and financially ready. Don’t expect to start an account with a few hundred dollars and expect to become a billionaire. 