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Forex is Hobby ?
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AlbertoCo

Member Since Aug 06, 2015  17 posts AlbertoCo Nov 21 2017 at 15:52
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

Member Since Aug 27, 2017  765 posts Adribaasmet Nov 22 2017 at 15:34
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

Member Since Nov 21, 2017  33 posts Irnest Goodman (Irnest) Nov 23 2017 at 15:32
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.

TiffanyK

Member Since Feb 12, 2016  427 posts Tiffany (TiffanyK) Nov 23 2017 at 15:52
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
Klem

Member Since Nov 21, 2017  20 posts Klement Horacek (Klem) Nov 24 2017 at 11:49
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

Member Since Dec 07, 2017  4 posts AlviTrevisani Dec 10 2017 at 08:22
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.

hotakac

Member Since Oct 27, 2017  20 posts Hotaka Ching (hotakac) Dec 11 2017 at 08:09
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

Member Since Dec 08, 2017  12 posts crpytoadvice1 Dec 14 2017 at 08:32

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.

togr

Member Since Feb 22, 2011  4588 posts vontogr (togr) Dec 14 2017 at 08:53
Forex could be a hobby and your source of income at the same time.

I like what I trade, I trade what I like
CarlFooty

Member Since Nov 08, 2017  11 posts CarlFooty Dec 15 2017 at 11:38
That is the dream but so few achieve that.

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