Forex Trading requirements

What you need to Start up !

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