Retail forex traders can start regardless of where they live if they have enough risk capital, but successfully trading currencies requires much more skill. To succeed in trading, they'll need a solid understanding of the market, a realistic trading method that fits into a larger trading strategy, the ability to stay focused on their strategy, and the mental fortitude to recover from losses. The odds of earning money as a forex trader are good if they aim for those parameters. They can still participate by signing up with an online broker that allows social trading and mimicking a successful trader's transactions.