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Forex is Hobby ?

mlawson71
Sep 27 2017 at 15:25
1487 posts
togr posted:
mlawson71 posted:
Very few good things in life are easy, but they all tend to be worth the effort to achieve them. :D

On the other hand life without a boss and without ringing alarm to wake up to go to work each morning is great:)

The alarm clock would probably still be ringing every morning if one wants to start trading on time, boss or no boss.
Mohammadi
Sep 28 2017 at 06:41
886 posts
The Forex is a market place where the people joining due to getting success very rapidly. But practically the success in Forex is a long term process. Generally the traders always try to make money quickly from here without learning. as a result they become loser when trading practically. So, if you want to be successful from here , you have to keep a great patience first of all.
vontogr (togr)
Sep 28 2017 at 06:45
4862 posts
mlawson71 posted:
togr posted:
mlawson71 posted:
Very few good things in life are easy, but they all tend to be worth the effort to achieve them. :D

On the other hand life without a boss and without ringing alarm to wake up to go to work each morning is great:)

The alarm clock would probably still be ringing every morning if one wants to start trading on time, boss or no boss.
Robots :)
mlawson71
Sep 28 2017 at 12:40
1487 posts
togr posted:
mlawson71 posted:
togr posted:
mlawson71 posted:
Very few good things in life are easy, but they all tend to be worth the effort to achieve them. :D

On the other hand life without a boss and without ringing alarm to wake up to go to work each morning is great:)

The alarm clock would probably still be ringing every morning if one wants to start trading on time, boss or no boss.
Robots :)

😁 I always forget about the robots. Not to mention that I have the habit of overseeing them even when I use one.
AniLorak
Sep 28 2017 at 14:50
920 posts
Admoni posted:
I request for all beginners don’t blindly trust advice you receive on the Internet especially when it comes to financial analysis. Don’t assume that the person making the analysis necessarily knows more than you.

That’s really true! New traders predict the market without proper knowledge! They follow their own wishes here, as a result a number of new traders are losers!
vontogr (togr)
Sep 28 2017 at 14:51
4862 posts
mlawson71 posted:
togr posted:
mlawson71 posted:
togr posted:
mlawson71 posted:
Very few good things in life are easy, but they all tend to be worth the effort to achieve them. :D

On the other hand life without a boss and without ringing alarm to wake up to go to work each morning is great:)

The alarm clock would probably still be ringing every morning if one wants to start trading on time, boss or no boss.
Robots :)

😁 I always forget about the robots. Not to mention that I have the habit of overseeing them even when I use one.

Another robot overseeing trading robots :)
Mohammadi
Nov 08 2017 at 07:20
886 posts
The people who take Forex as a part of Hobby, they cannot be professional and profitable, I have seen according to my trading experience.
Admoni
Nov 09 2017 at 15:57
95 posts
There is no certainty in business including Forex, even this is the most challenging profession where we traders can lose all of our trading capital just within a minute, that’s the importance of money management policies! By the way, I have already reduced my risk reward ratio so smartly according to my long-term trading knowledge and experience!
Adel Grepling (Adelgrepling)
Nov 12 2017 at 08:06
13 posts
Admoni posted:
Forex is not my hobby, I am spending here more than 12 hours in a day! In addition, in my live trading I’m following all of terms and conditions of a pro trader! But that’s doesn’t mean, here I am expecting any unrealistic profit! Right now my monthly target is round 10%, that means yearly target 120%, quite healthy yearly target!

And how are those objectives? Because I think they are very unreal.
Admoni
Nov 17 2017 at 14:50
95 posts
We the traders consider Forex as a risky business due to its volatile nature. but if you can acquire most powerful analyzing trade knowledge from this market place you can earn money from here within a short time. But basically mostly try to make, money very rapidly without learning and fall a great loss when trading practically.
AlbertoCo
Nov 21 2017 at 15:52
17 posts
Admoni posted:
There is no certainty in business including Forex, even this is the most challenging profession where we traders can lose all of our trading capital just within a minute, that’s the importance of money management policies! By the way, I have already reduced my risk reward ratio so smartly according to my long-term trading knowledge and experience!

For how long did you test your strategy before deciding to adjust the ratio?
Adribaasmet
Nov 22 2017 at 15:34
994 posts
Mohammadi posted:
The people who take Forex as a part of Hobby, they cannot be professional and profitable, I have seen according to my trading experience.

That’s the point, pro traders spend here more than 10 hours in a day, and thus they can catch maximum opportunities of the market!
Irnest Goodman (Irnest)
Nov 23 2017 at 15:32
33 posts
Yes, I believe that forex is a hobby, but it's more like a lifestyle. Because you need to spend a lot of time in forex trading, to get enough trading experience in it. And even after you get enough experience. In any case, you will continue to spend a lot of time in Forex.So it's a lifestyle, not just a hobby.
Tiffany (TiffanyK)
Nov 23 2017 at 15:52
427 posts
Forex can be hobby if you have enough funds and spare time. If you are missing one of these two components and you want to be successful, you have to know that Forex is NOT a hobby.
Accept the loss as experience
Klement Horacek (Klem)
Nov 24 2017 at 11:49
20 posts
I suppose that if you are not in 95% traders who can earn on Forex, so Forex should be your hobby to prevent huge losses.
Find the Holy Grail of Trade
AlviTrevisani
Dec 10 2017 at 08:22
4 posts
I think it starts as a hobby but when time pass it become a part of you. You spend so much time in this that ends up being a lifestyle.
Hotaka Ching (hotakac)
Dec 11 2017 at 08:09
20 posts
Admoni posted:
Forex is not my hobby, I am spending here more than 12 hours in a day! In addition, in my live trading I’m following all of terms and conditions of a pro trader! But that’s doesn’t mean, here I am expecting any unrealistic profit! Right now my monthly target is round 10%, that means yearly target 120%, quite healthy yearly target!

For some it will be a hobby but for me it is a way of life very different from the others, since you get financial freedom and you should not be alone waiting for your vacation to arrive so you can travel wherever you want.
crpytoadvice1
Dec 14 2017 at 08:32
12 posts

Most beginners of the forex market believe that with the little time they spend on the week it will be enough to get rich. But that is one of the worst mistakes they make, converting Forex into a hobby only going to take away the desire to continue in the market and become professionals. When you see that the expected results are not achieved, they begin to be discouraged and until then their good intentions come to take advantage of the wide currency market that is within their reach.
vontogr (togr)
Dec 14 2017 at 08:53
4862 posts
Forex could be a hobby and your source of income at the same time.
CarlFooty
Dec 15 2017 at 11:38
11 posts
That is the dream but so few achieve that.
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