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Forex is Hobby ?

TiffanyK (TiffanyK)
Apr 13 2018 at 13:54
427 posts
For me Forex as a hobby works fine. If I make it for a living , then it gets too stressful for me , having in mind the unpredictability of the whole Forex market. Admoni is right, you can earn money only after a solid knowledge (which takes years). For me the leading motive shouldn't be earning money, but the desire for acquiring knowledge...If something is intriguing you, then learning is waaay easier, knowledge comes naturally with the interest. If you hope only for quick and good earning, then you are lost. No one can convince me that sitting on your coach and hoping that the EUR/USD will go your way, reading forums and books will get you success. ..so, more healthy as a hobby for me.

Accept the loss as experience
mlawson71
Apr 13 2018 at 18:46
1487 posts
I think there's nothing wrong for the leading motive for trading to be both knowledge and profit. People get into trading for the profit, but greed shouldn't blind them into making poor decisions.

Mohammadi
Apr 15 2018 at 05:51
886 posts
Really Forex is too much tough for the traders who are in particularly newbie. So, obviously a new trader should work hard to achieve the market easily. they should make a best strategy for themselves . they should spend most of their time in analyzing Forex market because it will increase their knowledge of analysis. They also should practice much on demo account to make their trading easy. Then they should choose a right and reputed broker for them .

TiffanyK (TiffanyK)
Apr 18 2018 at 10:56
427 posts
mlawson71 posted:
I think there's nothing wrong for the leading motive for trading to be both knowledge and profit. People get into trading for the profit, but greed shouldn't blind them into making poor decisions.

I agree, there is nothing wrong in wanting to be profitable, like in any other business . My comment was too generic.. . Here in FX good experience, risk management are rather the things that matter for me... :)

Accept the loss as experience
BaldoN (BaldoN)
Apr 18 2018 at 15:27
522 posts
In case the perception as just as a 'hobby' - it could be very expensive 😁

togr (togr)
Apr 18 2018 at 19:54
4862 posts
mlawson71 posted:
I think there's nothing wrong for the leading motive for trading to be both knowledge and profit. People get into trading for the profit, but greed shouldn't blind them into making poor decisions.


It is like that
And also if you enjoy trading too much you risk too much. LONG term trading should be calm and boring without big surprises in any way.

Adribaasmet
Apr 18 2018 at 19:57
947 posts
TiffanyK posted:
mlawson71 posted:
I think there's nothing wrong for the leading motive for trading to be both knowledge and profit. People get into trading for the profit, but greed shouldn't blind them into making poor decisions.

I agree, there is nothing wrong in wanting to be profitable, like in any other business . My comment was too generic.. . Here in FX good experience, risk management are rather the things that matter for me... :)


Of course, I agree with your opinion. But I see, a number of retail traders try to make unrealistic profits here, even without enough knowledge.

TiffanyK (TiffanyK)
Apr 25 2018 at 12:14
427 posts
Adribaasmet posted:
Of course, I agree with your opinion. But I see, a number of retail traders try to make unrealistic profits here, even without enough knowledge.

Very soon such traders will come down to Earth :)

Accept the loss as experience
NoahMartin
Apr 26 2018 at 12:24
17 posts
Can't think of it as my hobby. It's like 'is working a hobby?'
We know we work for a living, but it can't be hobby.

Btw, my main motive is NOT to be lover of money, I used to be a generous one (love myself for that), so it's definitely not my hobby. 😎

togr (togr)
Apr 26 2018 at 12:32
4862 posts
NoahMartin posted:
Can't think of it as my hobby. It's like 'is working a hobby?'
We know we work for a living, but it can't be hobby.

Btw, my main motive is NOT to be lover of money, I used to be a generous one (love myself for that), so it's definitely not my hobby. 😎


To be generous to others you need first to make money :)

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