1) How difficult is currency trading ?
Very.

2) Can you really make money trading ?
Yes – you can also loose money, which is not a pleasant experience

3) How many currencies does one suggest I trade as a beginner
Just pick one – say USD/GPB, USD/EUR, USD/AUD or USD/CAD

Become familiar with how it moves over a long term trend how it reacts to news/events etc..

4) As a beginner is swing trading the way to go
Swing trading is for taking long term positions. You may find that day trading is more your thing – every one is different. Give a few strategies ago in your practice account.

5) Does taking a currency course make a difference ?
It may – as long as its good, you are really motivated, and you practice what they teach.

I would suggest that you open up a demo account start trading with practise money first. Borrow a couple of fx trading texts from you local library and see if you can both stay interested and trade profitably.

If your still doing it after a couple of months, then you will get the most out of your investment. If you’ve given up the ghost, then its probably not for you you should save your money.

Most people who do those courses are not trading in 12 months time. Why? because they were not motivated enough in the first place – after a few looses a lot of people give up. Expect to loose money for the first 12 months – it takes that long for most to learn.

* 10 hours ago
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