You should learn how to trade Forex prior to opening an account if you want to be successful in what you do. However, first of all you have to decide why you want to trade; is it because you want to quit your day job, travel the world and do what you enjoy while you are still earning a salary? If so, then you are destined to make money from the currency trade, as long as you do it the right way and learn the basics you need to know first. Just know that this is not going to happen overnight; over time you can earn money, but don’t set your heart on unrealistic amounts that inexperienced beginners never see. Everything you need to know about the currency trade, markets and charts you can teach yourself online as there is more than enough information for you to learn from.
Have more realistic expectations when you learn how to trade Forex prior to opening an account; this way you will not disappoint yourself. Also, don’t quit your day job that is paying all the bills until you have learnt the basics and the charts are second nature to you. You have to wait until you make money from trading before you can use it as your sole income. Just remember that even the wealthiest traders were also once beginners and by knowing what they know, paying attention to the markets and making smart moves, they got to where they are now, which is where you would inevitably like to be one day in the near future too.
Online is the best place to do your research as you get updated and accurate information. Before opening an account you have to make sure you have sufficient capital, but you also shouldn’t invest too much. Starting with the minimum is always a good option; with a micro account you need very little money and with a mini account you’d need slightly more. It is your choice how much you put into your account, but make sure you know your stuff before you do any of this; it is vital that you learn how to trade Forex prior to opening an account otherwise you will be wasting your time as well as your money.