Is forex good for students?

[Edward Peterson]

Yes forex can be good for students. They just have to learn the mechanism of trading. Whether you have millions to invest or few hundred, you will only make money if you know how to make profit. First start study and do demo trading. Learn how a strategy work. The most important think I suggest every new trade is they should learn trading psychology. I trade with XeroMarkets broker because I find their educational resources very help. I often study them.

 

[mlawson71]

I assume you are referring of university students - I am not sure forex is a good fit for anyone expecting to begin making a profit within a few weeks like a student would need. Learning to trade takes a long time.

 

[wolfz]

in forex, knowledge and experience are expensive. Why? Because you will go through a phase of completely loosing your money. From there you will learn how to formulate your trading strategy and psychology as a trader

 

[Sherverty]

Sure, students can trade Forex but It takes a lot of studying to become a successful trader and you will have enough studying to do anyway!

 

[Kernellenal]

not always, a student means learning, which means spending all your time on something else is not very good

 

[mlawson71]

My thoughts exactly. Learning to trade is a whole education course in on itself, balancing that with one's actual degree is not easy.

 

[dangelo505775]

i think it's a great investment, im in my last year of university and i can see myself on the long term doing this, i bought my first car using forex (nothing fancy just a honda ) but still there is much potential if you're willing to put in the effor