what rights do we require to trade forex?

<p>These are the basic requirements for forex trading:</p><ol style="list-style-type: lower-roman;margin-left:83.6px;"><li>Trading account - You need to create a forex trading account with any reliable broker. You can choose from any of the good ones like finprotrading, lmfx, cedarfx, etc. It’s best to first open a demo account and after sufficient practice create a live trading account.</li><li>Trading knowledge and skills - This is perhaps more important. You need to have good understanding of the market, factors that drive the prices, etc so you can take logical trading decisions. Trading skills involve the ability to read charts, perform technical analysis.</li><li>Trading plan - A plan will be your blueprint as to when to enter/ exit the market, currencies to trade, indicators to use, risk to reward ratio to follow. When you have everything predefined, achieving trading goals becomes easier.</li></ol>

<p>I think the major requirement in forex is knowledge about the field. A person should be well aware about the techniques and strategies used in forex for profits and even more aware about methods to avoid loss of money. With enough knowledge, forex trading can be beneficial to any trader but without it there is a chance for a big loss.</p>

<p>The requirement in forex trading includes knowledge about the market and a broker that provides traders with a platform to trade. There are a lot of platforms in the market. People should choose a broker who has a good reputation and has a minimum spread.</p>

<p>Following things are required for forex trading:</p><ol style="list-style-type: lower-roman;margin-left:80px;"><li>Basic maths knowledge for calculations</li><li>A forex learning course to get knowledge about forex for trading</li><li>Trading practice to develop trading skills</li><li>A computer system to open a trading account with a broker and trade</li><li>Some time for learning, practising and real trading.</li></ol>