The Beginners Guide to Forex Trading
The day I decided to start looking into financial trading was the moment my whole view of making money from home being a stay at home mum changed. Learning about forex trading as a beginner new to the financial industry was exciting, challenging and a big fat yes!
I have been on a journey, to say the least, for putting a plan together to work from home, make money and be a stay at home mom. Along my journey, I came across forex trading and I had no idea what it was but knew I needed to know more as something about it appealed instantly. After learning about forex with my incredible mentor, I learned how to trade with forex and make money from it.
This beginners guide to forex trading will help you understand what forex is, how to get started, how to trade safely and the best resources to help you with your finances for now and the future.
Overview of How to Make Money at Home
Who is this guide for:
I help mums work from home and make money at home. But this guide can be used by any ambitious woman who wants to make money at home.
- It’s for the single mum who needs to make money for her family.
- It’s for the stay at home mum who wants to contribute to the family finances.
- It’s for the working mum who wants to spend more time with her children.
- It’s for mums with grown children who want to work at home.
- It’s for the woman who wants financial security for the future.
- It’s for the woman who wants to invest her money the smart way.
- It’s for the woman who doesn’t want to rely on the banks and government for all finances.
- If you’re a woman, this guide is for you.
This post contains affiliate links, which means I receive a small commission, at no extra cost to you, if you make a purchase using this link. Please see my disclosure for more details.
What is Forex?
Forex is trading with foreign exchange. Quite simply, it’s the global market that allows the exchange of one currency for another. If you’ve ever travelled to another country you will have exchanged the money you have in your wallet into the currency of the country you are visiting.
The changes in the exchange rate between a pair of currencies allow you to make money in the foreign exchange market. It is the largest financial market in the world and there is a lot of money to make in this industry.
Learn more about Forex here:
You don’t need to do Forex, but after my time in trading Forex, I honestly believe it is one of the most obvious ways to make money at home online. It is my number one focus above my other business as it does not rely on anybody else. You have more control over this stream of income compared to a business that relies on customers.
I believe everyone should be doing Forex. It is smart when following a solid risk management strategy, it’s fun, it’s interesting and it’s amazing for fitting around mum life.
How to Get Started with Forex
Forex trading for beginners is not scary, especially when you follow a solid smart strategy with a professional Forex mentor. As I was a complete beginner when I started Forex I had zero idea about how to get started and what it actually meant for my financial security. I knew nothing about pips and candlesticks, and didn’t have a clue about how to start forex trading and do it properly.
The solution: hire a Forex mentor. In my search for a professional Forex mentor, I found Hither Mann and it was the best decision of my financial career. Hither has become a huge part of my financial planning, Forex trading and business plan as she is an incredible powerhouse of a woman with phenomenal experience, education, knowledge and passion.
Once I found my Forex mentor, I chose the Forex course for a beginner – Fast Track Forex.
Fast Track Forex
The beginners course Fast Track Forex was perfect for getting started with Forex. As I was new to the industry I needed direction, simple guidance, sound knowledge and a mentor that I could click with whilst learning. Hither provides incredible professional knowledge broken down into manageable modules, easy to understand and implement information, with resources available for lifetime access.
What I love about Fast Track Forex is it enabled me to learn in my own time around mum life. Since doing Forex from the beginning of 2020, I have fallen in love. After doing Forex for a few months with the strategy learned from the course, I went on to learn the intermediate Forex trading strategy known as Pinnacle.
Forex trading for beginners can be overwhelming which is why this course is the perfect solution.
Tips for Success in Forex
As a beginner to Forex trading here are a few tips to help you start with success:
- Beginners course – Fast Track Forex
- A broker
- Money to add to your funding account
- Smart mobile phone
- Pens and notepads
- A strong mindset
- Willingness to learn, be disciplined and consistent
What I love about Forex is it has helped build my mindset to a whole new level. Before Forex, I was already working on personal development and building my mindset. Since doing Forex with Hither, following her courses and mentoring, my mindset has up-levelled to a whole new playing field.
To trade safely and be smart with your money it requires confidence, belief in yourself, discipline, commitment, consistency, focus and being grounded. These qualities grow the more you practice the strategies learned in the forex course and having a professional mentor will help you grow and develop to be the best you and a smart savvy person thinking about finances and your future.
Common Questions/FAQ About Forex
Is forex trading good for beginners?
Yes. Forex trading for beginners is a great way to invest your money and plan for the future. Make sure you follow a safe strategy and a smart plan to protect your money and not blow your funding account within months.
As a beginner to Forex, it is important to remember this is not a get rich quick overnight business. You might see people on social media flaunting a flashy lifestyle from Forex, and at the same time, some people lose lots of money due to poor risk management of their money. Follow a solid risk management plan and get serious about creating wealth the smart way.
As a stay at home mum and a complete beginner to this industry, it was easy to implement once I learned the smart way. Starting with Fast Track Forex gave me the direction I needed. Now, I have gone further into Forex with the intermediate level and will continue as I further my career in the financial industry.
How do beginners learn forex trading?
My recommendation is Fast Track Forex.
It is an affordable course, easy to understand, manageable modules, and you can learn at your own pace as it is an online course.
How do I trade forex with £100?
You can start trading Forex with £100, however, if you are wanting to invest your money, make a decent amount of money and be serious about your investment then I recommend you start trading with more than £100.
If you are unsure and want to dabble your toes into Forex, don’t have much money saved, and want to see if it works (which it does!), then aim for £500 to £1000 to start with. However, once you get started you will want to invest more money into your account. When you are following a solid strategy with intermediate and advanced levels of Forex strategies you will want to increase your funding account to a minimum of £20,000.
My advice is if you are saving money in your bank and want to keep it in a savings account to build interest over time, then it is smarter to put that money onto a Forex account, trade with that money with a smart strategy and build bigger money over time rather than the small interest in the bank.
If you need help with budgeting, download the budget planner!
Can I teach myself to trade forex?
Yes you could, but why waste your time trying to learn a complex industry when you can be shown how to with a professional?
Would you teach yourself how to be a heart surgeon or fly a plane?
Invest in yourself by investing in a mentor who knows what they are doing. Hither Mann knows what she is talking about and is packed with all the resources you need to learn how to start Forex trading.
What is the best forex trading programme for beginners?
The best Forex trading for beginners course is Fast Track Forex.
This course helped me get started and was the perfect answer to my problem with how to start Forex as a beginner. If you feel lost on how to start Forex, or you have done Forex and lost all your money, or you are curious but don’t know where to start, then this course will help all of those concerns.
Unsure that Forex is for you? Perhaps blogging is your thing! Check out:
- How to Start a Blog and Make Money Online
- 19 Creative Ways to Make Extra Money from Home
- Best Blogging Tools to Make Money at Home
The Last Thing You Need to Know About Forex
My mission is to help you succeed. I want to see you create a smart plan for your money now and for the future, create a work schedule that fits mum life, and be responsible for your finances.
I know it can be scary, however, it can be rewarding and very exciting. It can be fulfilling and incredibly powerful. It can create freedom in your life. You get to create your life and you get to create your financial freedom for you and your family.
Take ownership of your life and look at different ways to make money from home whilst being mum.
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