People tend to have a lot of questions when faced with something new, especially when it comes to money. The following are common questions asked by housewives about Forex trading and Forex trading signal services:
Q1: Is Forex Trading Safe?
A1: Forex trading is of course safe. The reason for this is that nowadays more and more countries are regulating the forex market and enforcing strict rules that every forex broker must follow. As a result, we find that only good brokers remain in the forex trading industry. On a personal level, it is up to you to determine the security of your account. If you act recklessly, you will find that your capital will run out quickly. Sometimes it is faster to lose money in forex trading than in a casino. Hence, you need to mentally prepare and acquire a lot of knowledge or you can hire profitable traders and subscribe to their trading signal services. The latter is by far the faster and easier way to trade forex if you have limited or no knowledge of forex.
Q2: Can a Housewife Succeed in Forex Trading?
A2: Of course, you can be successful in forex trading just like any other trader. Everyone who trades forex has the same opportunities. In fact, housewives have more potential for success because they have the most flexible schedules and, of course, more time than other newbies to forex trading. Housewives usually develop the ability to multitask and this is the main reason why they can easily handle busy days. In fact, people can do many forex trading tasks if they only know how to do them. First of all, they need to find and subscribe to a real forex trading signals service. Second, just do the things they did every day. The housewives don’t answer a boss, so they can use their time as they see fit and get the chores done while they get the chores done. This is why housewives have the greatest potential for success when they know how to manage their abundant time.
Q3: Do I have to have international finance experience to start trading Forex?
A3: If you decide to start trading Forex yourself, there is a learning curve to go through. However, when you join a trading signal service, you don’t need to have any trading experience at all. For this reason, assisted trading is considered to be the easiest way to participate in the forex market. Assisted Trading is a term used to describe trading with the help of trading signal services.
Q4: Can someone with only a high school degree trade forex?
A4: The answer is of course yes. All you have to do is find good traders who are constantly profiting from the market and paying them to let you know which currency pairs to trade, when to get in the market and when to get out. If you are humble enough to seek help from a professional, then you will be fine.
Q5: What do I need to be successful in Forex trading?
A5: You must have a strong commitment, willingness to learn and diligence in updating your knowledge or information. Most people fail because they don’t have a strong commitment to start with. Also, many people do not have the correct information or knowledge.
Q6: Do I need a high tech computer?
A6: Absolutely not. You don’t need a computer that looks like Star Trek or some other alien spaceship. A computer with 512 RAM, Pentium 4 2.67 Ghz, 80 Gb hard disk and Windows XP is sufficient to be able to trade Forex. But you need to know that it is important not to open a lot of resource-intensive programs from your computer or open heavy programs when trading forex. Basically, forex software like Meta Trader 4 (commonly abbreviated as MT4) is very lightweight and does not require a high-spec computer.
Q7: Do I need high speed internet to trade forex?
A7: Yes, it depends on what you mean by high speed. In general, an Internet connection of 512 Kbps or more is sufficient. It doesn’t matter whether your subscription is DSL or cable. However, you will need at least 1Mbps if you want to include scalping methods in your trading as some scalping methods require you to trade in timeframes shorter than 1 minute. In addition, scalpers usually trade during active trading hours (overlapping sessions or open sessions). However, scalping is not a trading method that everyone can use. It is also important to note that while trading over Wi-Fi is not prohibited, it is much safer to trade over a wired internet connection. The reason for this is that the I
Internet connection rarely drops when you connect to a wired connection instead of using a wireless connection.