For someone who has never heard of forex trading, it can be really difficult to understand what it is and what a trader does to make money. Now that you have to tell someone about what you do, I think it should be up to the extent you will be able to make them understand. You can tell them about some good websites for their reference if they show more interest.
These replies made me realise that I am not the only one avoiding this question. Only my family knows that I trade currencies and they think of me as nothing more than a bit of a reputed gambler. Thank god I’ve another job so I just don’t need to tell anyone about my trading career.
Guess that you should answer the truth. If you earn money due to trading activity, then you have to say that you earn money due to trading. Don't pay attention to skeptical claims of those who would tell you that you do nothing and you're a lazy boy. Actually, those who ar skeptical towards trading will never be able even earning a penny, so just ignore such people. If someone asks you to explain how to earn money due to trading, then also you would better not to describe your strategy in details, because the market doesn't like competitors.
I think that you shouldn't be closed when you are asked what do you do for a living. Trading is really considered to be a very spread profession nowadays and if you want to develop in this direction, they you have to answer the people that you're a trader. You can tell that you only began learning trading, even if they would smile in response, don't take it too close to you. They perhaps have no activity which they take seriously, that's why they might smile at you. However as far as I concerned, nowadays people earn money by ll the ways which are available to them, so there is nothing funny in trading activity. It's a very serious occupation.
This is a really tough question. Much tougher than forming my trading plan. Well, when anyone asks me what I do for a living, I do not directly tell them that I trade forex. Instead I use sophisticated terms in a full compound sentence. Most don’t ask further, Lol!
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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