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The requirements for foreign exchange trading
ОглавлениеWith the introduction of computers and ever faster Internet connections, foreign exchange trading became easier and faster. Especially in recent years, the foreign exchange or Forex market has become more and more popular among private investors. An on-line foreign exchange trade is possible up-to-date for each investor without larger problems. This would not have been conceivable only a few years ago.
Minimum age for online trading of foreign exchange
If someone wants to participate in foreign exchange trading online, they should be at least 18 years old. There are also some providers where the minimum participation age is 21 years. This is related to the respective laws, which are valid here at the respective countries where the corresponding online platform is registered and operates. However, interested persons can use the period up to the age of 18 to prepare for this market. Then the start from the age of 18 is much easier.
The capital required for this
Without capital investment, participation in foreign exchange trading is not possible. It makes sense that 1,000 euros are available here. There are also on-line platforms, with which a higher minimum capital, than 1,000 euro is presupposed. Here each person should be clear about it to start with a sum in the height, whose loss is also bearable for it. There are also online platforms for newcomers, where a minimum capital of 50 or 100 US dollars is required in order to gain initial trading experience.