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Questions you should ask yourself as a trader

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Dream chaser

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Ask yourself:
Why do you want to start trading in the first place?
What do you hope to achieve?
What is your general knowledge of the markets and their correlations, trading, money management, trading psychology, trading platforms, Forex brokers and financial products?
How much education will you need before starting trading?
How often will you be able to trade?
Will your dedicated trading time be fixed, or do you have to be flexible?
What will your risk level be?
How well can you control your emotions and your stress?
Do you prefer to see the results of your trades within the same day, or can you wait a few days for your trades to play out?
How often would you prefer to check your trades?
Will you use technical or fundamental analysis to determine your edge and ultimately your entry/exit setups?
What amount of money can you allocate to Forex trading?
 

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