So You Want to Get Started In Forex… – T3 Live
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So You Want to Get Started In Forex…

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Many traders think about trading forex but they stop short of getting started for one reason or another.

For some, the departure into a whole new asset class is scary, while others hear things like “forex trading is only for the professionals” and get scared.

First, do not let fear stop you from doing anything.

What’s the worst that can happen? You find out that it’s not for you?

At least you'll know for sure instead of wondering.

And the best case is you start making more money, and your life is forever changed for the better.

Many of the misconceptions and fears about trading in forex are propagated by those who are enjoying the benefits of trading it, and do not want others to crashing the party.

So, now that the psychological barriers have been overcome, what’s next?

You might be surprised how easy it is to get started in trading forex.

Obviously, you need to find a forex broker that you can trust.

Once you have found a broker, you’ll quickly realize the amount of required capital to get started is far less than trading equities. In fact, you can get started with as little as $2,500! Some brokers will let you get started with around $250 but we do not recommend it.

One of the biggest benefits that you'll quickly realize with forex is that it costs much much less than trading equities. In fact, one of the biggest hurdles to becoming a successful equity trader are the costs involved. With forex, you DO NOT have data fees, platform fees, exchange fees, and, in some cases, commissions!

I would encourage anyone and everyone to look into trading forex. Even if you're already focused on equities and options, forex offers an amazing way for you to diversify your profits, especially since it's a highly-liquid, 24-7 market.