When you do forex trading it is necessary for you to select a pair of currencies to trade in. Basically, what you need to do is to buy the currency that is at a lower value of which the value is likely to go up against the other currency. Once the value goes up in relation to the other currency, you should sell the currency you have in order to receive more of the other currency. Once you have finished the transaction you will have some money with you. Your next step is to buy another currency that you think will go up in price and sell once the price goes up. This way you could continue in order to make profits.
Forex trading is for everyone, anyone can do this. So study hard and learn the trick! Enjoy making money!
Yes you can. only after some period. First you will suffer losses, will get disappointed, will want to give up trading. So, in a word you will pass a way to be a success. But as a result, you will see that YOU CAN DO FOREX!
After you've been trading with a small live account for awhile and you have a sense for what you're doing, it's ok to deposit more money and make your account bigger. Knowing what you're doing boils down to getting rid of your bad habits and gaining some control over your emotions. If you can do that, you can be successful trading forex.