Forex Trading requirements

What you need to Start up trading Forex!

Trading Forex Online(FX) is the ultimate home business since online currency trading can be done from the comfort of your home!

Be Warned ! There can be a substantial loss of funds in Forex Products if you do not apply very strict Money Management principles ! 

This is what you will need to Start up:

You will need a computer, preferably at least a  Pentium III 1GigMhz or faster, with 512Mb ram, loaded with Windows 98/98SE/ME/XP or above, at least an 17” Screen to be able to accommodate a 1024 x 768  resolution (a 15" Screen can go at a pinch), a Internet connection, at least a 33.6k modem or higher speed access, the latest technology ADSL on a landline comes highly recommended !

Sufficient trading capital , not the capital you use for day to day living !.

At the very least you will need to have a basic understanding of how the Forex markets works. We recommend that you complete a basic course with a top Forex Trading training company in South Africa. We highly recommend Dr. Forex at DayForex.com

An ongoing learning process to more and intensive training as you grow as a trader.

You will also need to "Demo" trade for a month to get the feel. ( This is also obtainable through Forex training companies in South Africa using trading platforms from well known brokerage firms during the duration of your basic course) 

Open a Overseas account through a bank that will facilitate the overseas account, in order to open a trading account to trade in foreign currency.

IMPORTANT: Declare your trades for TAX purposes !

To determine if you'll be a good trader visit this page