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Monday, October 7, 2013

Should I bother with studying forex trading ?

Forex Envy - 3.3 I'm 19 and I am studying Accountancy at University. I have played poker for the past 2 years but I have decided it's not for me as I do not believe in the variance that comes with online poker. The amount of times my opponents beat my full house with Quads in a single day is just unreal therefore I personally believe that online poker is rigged to some point.

The reason why I am saying this is because I believe that emotional control is a vital part of both poker and forex trading and I believe that I have the emotional control to handle big swings in my bankroll (if that is what you call it in trading).

I wanted to ask if I should bother studying forex trading or is it like poker, where only certain people manage to make some money out of it.

At this point, I have literally no idea what you do in forex trading and how you do it apart from the fact that you buy something and hope to sell it for more money later on, right ?

I have a few questions which some of you might think are plain stupid but I can bet my money that you, as beginners would have asked similar questions.

Here we go.

1. How long does it take to study all the basics of forex trading ?
2. Is it hard to learn forex trading ?
3. As in poker, will certain people not make money on forex trading no matter how much they learn/study or can everyone make profit as long as they know what they are doing ?
4. Can you start trading with an investment of £100 or do you need like £1000 or £10,000 to start ?
5. ROUGHLY, how long would it take to study forex trading to the point where you will be able to make some money ?
6. In poker you cannot ever know every single strategy/concept as new strategies are being invented/discovered. Is this the same in forex trading ?

I don't hope to become a multi millionaire in the next few years (although I wouldn't mind if I did). I'd be happy if I could earn £150,000 within the next 10 years for me to pay off my mortgage and be able to live without having to spend £1000 a month on mortgage/rent.
Reference: http://answers.yahoo.com/question/index?qid=20130622150024AAnmrGTForex Envy - 3.3

Forex Envy - 3.3


Product detail: Click here
Manufacturer :Robert Paul McDonell Carmona - ROBERTPA
Desscriptions:

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