Forex 16

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I started trading at 18. The only challenge I’d see is opening an account. Most brokers require you to be 18+ or 21+ but you can overcome that with having someone else opening the account for you.
Then, you might not have the capital you need to make good profits. That’s fine! Start small, get consistent and you’ll have no trouble getting other people to finance you.
My podcast interviews might give you some inspirations on how some of the greatest traders got started: Desire To Trade Podcast.
Hope that helps!
Of course you can. In fact several top Forex traders began trading at a young age. Buena Patria of Indonesia started Forex trading at the age of 14. He began reading because of interest but soon grew passionate about the Forex markets. Today he manages a Forex trading website which offers valuable insights into Forex trading and other finance-related subjects which interest him.
Although he still is a student in high school he wants to go to college in the UK to get a degree in finance or economics.
Milan Cutkovic of Switzerland started Forex trading when he was 14 years old, too. Today he is an active trader who is focusing on short-term trading. He also manages a website where he provides valuable Forex trading information and shares his opinions on the market and his trading experiences.
Another young Forex trader is Josh Olfet who is an investor and entrepreneur in Canada. He started Forex trading at the age of 15 and is today very successful in trading stocks, commodities and Forex.
The fact that young people can develop an interest in Forex or genererally trading is indeed exciting. It also indicates that everybody can learn Forex trading as long as you are passionate about making financial profits.
Sure you can be and become anything you want to!
Keep dreaming and work smart and hard to make this your reality.
First it is good to try demo accounts or contests cause those give great insights in what it is and what it can do for you. You can do demo by yourself some contests require live accounts. For Live accounts you need parents permissions and perhaps be financially backed by them.
Read a lot of books and articles to get familiar with Forex and Improve your skills. Get a strong mindset to deal with yourself. Cause that is who you will be competing against, nobody else.
This is the EU Licensed #Forex #Broker I trade with. Great service and Tight spread low as 0.2 pips on EUR/USD with minimal deposit from only 100 Euro or Dollar and Leverage up to 1:300 it is definately worth to check out the Swiss FX trading platform .
You can also learn to trade Forex in the shape of Binary Options. Simply said there you have fixed amount you can win and lose depeding on a buy or a sell option. If you are from EU I really like this broker Try Binary Options Demo Account With Dukascopy Bank and if you are from USA or elsewhere you can trade binary options starting with demo or only 1 dollar from here IQ Option | Binary Options.
Hope that helps. Good luck with studying and learning how to trade.
At 15 I hardly knew what shares were never mind a currency pair, and to be aware of such things is a good sign on your part. You can either have an account opened on your behalf that you have access to which can then be used for Demo Trading so that you are not risking actual funds.
If you haven’t already got some reading material to get you started then here’s a suggested book for you.
Of course. Check with some online Forex brokers in the country you live in and find the minimum age to open a live account and also a demo (practice) account. You need to trade on a demo (practice) account for awhile to get the feel of the market and how to execute trades before you trade a live account.
Go to to Learn Forex Trading With BabyPips and start learning the basics of Forex trading. You need a solid foundation in the terms and mechanics of Forex trading prior to even trading a demo account. Babypips will supply you with the proper knowledge of trading terms and help you understand the market itself. When you get a grasp of the terms and mechanics of how the market works you can demo trade. When you are comfortable trading demo and can execute trades properly you can open a live micro account (provided you are legally old enough) trading 10 cents a point/pip and get a feel for live trading. Trading live is where the real education starts. That is when the emotions of risking real money start to affect your trading results.
Trading Forex is challenging. The more time and energy you commit to learning and improving yourself as a trader the further along you will go. Good luck.

Forex - Weekly Outlook: October 16 - 20.
Investing | Oct 15, 2017 05:12AM ET.
Investing - The dollar fluctuated against a basket of the other major currencies on Friday after mixed consumer inflation data clouded the outlook for another rate increase by the Federal Reserve in the coming months.
Consumer prices rose 0.5% last month after advancing 0.4% in August the Labor Department reported Friday. Economists had forecast a 0.6% increase.
It was the largest increase in eight months, but was mainly driven by soaring gasoline prices after hurricanes hit the southern U. S. Underlying inflation remained subdued.
The report came after the minutes of the Fed's September meeting published on Wednesday showed "many participants expressed concern that the low inflation readings this year might reflect not only transitory factors, but also the influence of developments that could prove more persistent."
The data tempered expectations that the Fed will hike interest rates in December for a third time this year.
Expectations that U. S. rates will rise help support the dollar by making U. S. assets more attractive to yield-seeking investors.
The U. S. dollar index , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 93.62 late Friday, after falling to a more than two-week lows of 92.59 earlier in the session.
The dollar ended lower against the yen, with USD/JPY down 0.43% to 111.80.
The euro was a touch lower, with EUR/USD dipping to 1.1822 in late trade after European Central Bank President Mario Draghi said the euro zone still requires substantial monetary stimulus as inflation remains muted.
Sterling gained ground amid hopes that Britain could be offered a two-year Brexit transition deal . GBP/USD advanced 0.2% to 1.3287 late Friday and ended the week up 1.7% after suffering its worst week in more than a year the previous week.
In the week ahead , investors will be looking at U. S. housing data to assess the economic impact of the hurricanes which hit the southern U. S. last month.
Thursday’s data on third quarter Chinese growth will be closely watched for insight into the health of the world’s second largest economy.
Tuesday’s UK inflation data will also be in focus amid speculation over a possible rate hike by the Bank of England as soon as next month.
Ahead of the coming week, Investing has compiled a list of these and other significant events likely to affect the markets.
China is to release inflation data.
Canada is to report on foreign securities purchases and the country’s central bank is to publish its business outlook survey.
The U. S. is to release data on manufacturing activity in the New York region.
New Zealand is to release data on consumer inflation.
The Reserve Bank of Australia is to publish the minutes of its latest policy setting meeting.
The UK is to release inflation data. Later in the day, Bank of England Governor Mark Carney is to appear before the Treasury Select Committee, in London.
The ZEW Institute is to report on German economic sentiment.
The euro zone is to release revised inflation data.
The U. S. is to release figures on industrial production and import prices.
ECB President Mario Draghi is to deliver the opening remarks at the banks conference in Frankfurt.
The UK is to publish its latest employment report.
The U. S. is to release data on building permits and housing starts.
Australia is to publish its latest jobs report as well as private sector data on business confidence.
China is to release data on third quarter GDP growth along with reports on fixed asset investment and industrial production.
The UK is to report on retail sales.
The U. S. is to release the weekly report on jobless claims and data on manufacturing activity in the Philadelphia region.
The UK is to release data on public sector borrowing.
Canada is to report on retail sales and inflation.
The U. S. is to round up the week with data on existing home sales.
Written By: Investing.
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The primary difference between MT4 and MT5 is that MT4 is predominantly a forex trading platform, while MT5 is a multi-asset trading platform. This means that MT5 offers not only FX but also trading in stocks, stock indices and precious metals.
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Forex 16

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Daily Archives: November 16, 2017.
Pair Action Status Stop Loss Take Profit GBP/USD BUY Active 1.3118 1.3218 AUD/USD SELL Active 0.7622 0.7572 USD/JPY SELL Active 113.52 112.72 NZD/USD BUY Active 0.6825 0.6877 EUR/JPY SELL Active 133.92 133.12 Additional Forex Trading Signals: MetaTrader: Visit mql5/en/signals/mt4 to select from many … Continue reading →
Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.44% against the USD and closed at USD55.30 per barrel, amid expectations that OPEC would extend its crude production cut in a meeting at the end of … Continue reading →
Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.24% against the USD and closed at USD16.98 per ounce, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at 16.99, with Silver … Continue reading →
Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.21% against the USD and closed at USD1277.80 per ounce, after a pair of upbeat US economic reports increased the prospects of a Fed interest rate hike next month. … Continue reading →
AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.54% against the USD and closed at 0.7587. LME Copper prices declined 1.6% or $107.0/MT to $6715.5/MT. Aluminium prices declined 0.1% or $3.0/MT to $2082.0/MT. In the Asian … Continue reading →
USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CAD and closed at 1.2768. Macroeconomic data revealed that Canada’s existing home sales rose 0.9% on a monthly basis in October, climbing for a third … Continue reading →
USDCHF Movement For the 24 hours to 23:00 GMT, the USD slightly declined against the CHF and closed at 0.9893. In the Asian session, at GMT0400, the pair is trading at 0.9894, with the USD trading a tad higher against … Continue reading →
USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.52% against the JPY and closed at 112.86. In the Asian session, at GMT0400, the pair is trading at 113.03, with the USD trading 0.15% higher against the … Continue reading →
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.3169, after UK’s ILO unemployment rate remained steady at a 42-year low of 4.3% in the three months to September, meeting … Continue reading →
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.18% against the USD and closed at 1.1775. On the macro front, the Euro-zone’s seasonally adjusted trade surplus surprisingly widened to a record high of €25.0 billion in … Continue reading →