Forex Trading As Day Job
- Thread starter Hate2Wait
- Start date
Day Traders are short term trading style less than a day and they don't like scalping trading style. A day trader must be able to analyze the market on the H1 or H4 timeframe and then monitor trading positions throughout the day. Day trading is a big risk they often lose, because they are impatient and not suitable for beginners. Day trading also requires a lot of skill and should only be practiced by professional traders as the main income.
That's the bad side of forex trading, the risk if it. I wish we can all understand how it works so that we can make money off it
Forex trading can be taken as a day job if you have enough experience about it.
I don't think it is safe to take forex exchange as a day job because that's where you would want to push it hard and at the end, you would incur losses. It is safer if you just do it as just a hobby.
Forex trading is a very amazing venture that can make you a fortune, the number one fact that every entrepreneur should be alive to is that any industry that has a lot of money movements is very lucrative but always the question is how can this work for me. Once you are sure how it will work for you then the next step is to start implementing what has been recommended to be working for you.
One key thing when it comes to making money is to always have the desire to make a difference or gain knowledge as opposed to a mentality that you just need to make money. Once you are sure you have the right and verified information on how to make forex trading will you make the money yourself?
When you want to make money through forex trading then you need to understand the best strategy that will work for you and what exactly are you wanting to be trading in. Understand the trading pairs that you will always be aligned to. Mostly currencies for GERMANY, CANADA, SWITZERLAND, SINGAPORE, the USA, the UK, and AUSTRALIA are the most important currencies in trading. Then we have indices, ETFs, Stocks and commodities. So understand what exactly will work for you. The tools you are going to use to monitor the market are paramount such as investing dot com, xe, and fx calendar among the many tools.
Only with that information will you be able to achieve in this field. But as a beginner, the easiest you can start with is cryptocurrency arbitrage trading. All you have to do is find wallets where you can buy your crypto low and find other wallets or exchangers where you can sell your crypto high and that is it you to start making money instantly.
One key thing when it comes to making money is to always have the desire to make a difference or gain knowledge as opposed to a mentality that you just need to make money. Once you are sure you have the right and verified information on how to make forex trading will you make the money yourself?
When you want to make money through forex trading then you need to understand the best strategy that will work for you and what exactly are you wanting to be trading in. Understand the trading pairs that you will always be aligned to. Mostly currencies for GERMANY, CANADA, SWITZERLAND, SINGAPORE, the USA, the UK, and AUSTRALIA are the most important currencies in trading. Then we have indices, ETFs, Stocks and commodities. So understand what exactly will work for you. The tools you are going to use to monitor the market are paramount such as investing dot com, xe, and fx calendar among the many tools.
Only with that information will you be able to achieve in this field. But as a beginner, the easiest you can start with is cryptocurrency arbitrage trading. All you have to do is find wallets where you can buy your crypto low and find other wallets or exchangers where you can sell your crypto high and that is it you to start making money instantly.
If you have other stable sources of income, then i don't think it's really a bad idea having forex trading as a side hustle. The risk involved in forex trading is just too much i wont really want anyone to focus on just that on a daily basis.
That's right but I noticed that those traders seldom experience losses mostly winning. There's a trader in my place, he has now three cars. He was able to buy a very expensive house almost 6 million worth. This means to say he's gaining in his Forex trading.
It's legal and the city government gave petmit to the initiators. They are foreigners with complete papers and permits. They're from rugs to riches. I will send you the invitation video thru your messenger and contact the host if you can watch live for free.