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Forex DeMYSTiFieD: A Self-Teaching Guide by David Borman

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Chapter 2

Getting Ready to Trade

CHAPTER OBJECTIVES

In this chapter, you will learn the following:

• How to handle the emotions that come with trading Forex

• How to evaluate your risk tolerance

• The importance of trading support groups

• How to evaluate your available funds for Forex trading

• Where to look for and evaluate market information

Having a working knowledge on the basics of Forex is the first step to knowing if you are ready to trade. Thorough study of the market, knowledge of trading platforms, and time spent paper trading with a demo account will allow you to go a long way into your trading career and allow you a good chance to be successful. The next step should be to figure out if Forex trading is a good fit for you. Some ...

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