It is relatively easy to start as a forex trader, particularly with the ease of internet access. Traders can work anywhere in the world with minimal start-up costs.
Before launching into the role of a forex trader, spending time studying the intricacies of the forex market, the risks associated with it and understanding psychological factors, is important.
There is a wealth of material available on the internet with online trading companies featuring numerous forex news articles, forex charts, forex forums and references to other helpful material. Forex demos (demonstration accounts) also allow a potential forex trader to simulate their trades with an online program. Using these tools allows a trader to assess their decision making capacity before spending a penny. Professionals also use these forex demos to assess a new strategy.
Once you understand what impacts currency movement and have assessed your own appetite for risk you may feel that you are ready to begin trading. You can sign up with an online forex trading company and begin trading with real money.
Forex currencies are traded in pairs and it might be worth considering limiting yourself to a single pair. By limiting your trading to just two currencies, you will be able to study and absorb more of the massive amount of information available.
Note however, that this is a high risk business and you should never invest any more capital than you can afford to lose. If you need help, consult a specialist financial adviser.