Although a background in finance can be beneficial, it is not a requirement. Many successful traders come from diverse backgrounds and learn through experience.

Yes, forex trading can be risky due to the volatility of currency markets. It's crucial to educate yourself, use effective risk management techniques, and only trade with funds you can afford to lose.

The initial amount required can vary depending on your broker and trading approach. Some brokers allow you to begin with as little as $100 or even less.

Yes, many traders begin by trading part-time while balancing other responsibilities. It's essential to manage your time well and prioritize effectively.

No, success in forex trading is never guaranteed. It depends on various factors, including your skills, knowledge, discipline, and the current market conditions.

A funded account is one where a trading firm or investor provides the capital for you to trade, rather than using your own money. This enables you to access larger trading amounts, but typically involves conditions and profit-sharing agreements.