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Is trading for living possible?
Membre depuis Apr 09, 2019
posts 516
Dec 14, 2021 at 12:00
Possible to make a living from all difficult vocations but the truth is more fail at them than succeed.
If you can't spot the liquidity then you are the liquidity.
Membre depuis Oct 19, 2021
posts 17
Dec 15, 2021 at 12:20
Trading for living is possible but the technique comes with experience only.
Dec 15, 2021 at 20:11
Theoretically, it is possible to earn your living because of trading. However, that is not the simpliest task on earth, to put it mildly. First of all, you need to possess all the knowledge and skills which are necessary for making decent and consistent profits. Consistency is of utmost importance in trading, especially if you want it to become your main source of income. You need to plan your life and it is impossible to plan if you cannot predict your future returns from the market. More than that, consistency helps you evaluate your trading in a more or less objective way in order to make some alterations to make your trading strategy better and more profitable. Secondly, you need to work on your psychology and your ability to stay away from your feelings. All the trading decisions should be made on the basis of common sense and when it is affected by emotions, your trading results will be not so bright. Finally and most importantly, you need to have a huge trading budget. It is impossible to earn a good living investing only $100 consistently and enough. If you are a good trader, you can expect to make about 5% of your deposit every months, so if you want to make $1000 each month, you have to deposit not less than $20000.
Dec 15, 2021 at 22:59
Theoretically, it is possible to earn your living because of trading. However, that is not the simpliest task on earth, to put it mildly. First of all, you need to possess all the knowledge and skills which are necessary for making decent and consistent profits. Consistency is of utmost importance in trading, especially if you want it to become your main source of income. You need to plan your life and it is impossible to plan if you cannot predict your future returns from the market. More than that, consistency helps you evaluate your trading in a more or less objective way in order to make some alterations to make your trading strategy better and more profitable. Secondly, you need to work on your psychology and your ability to stay away from your feelings. All the trading decisions should be made on the basis of common sense and when it is affected by emotions, your trading results will be not so bright. Finally and most importantly, you need to have a huge trading budget. It is impossible to earn a good living investing only $100 consistently and enough. If you are a good trader, you can expect to make about 5% of your deposit every months, so if you want to make $1000 each month, you have to deposit not less than $20000.
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Dec 31, 2021 at 02:13
croisssan posted:
It is quite possible, of course. But it is also worthwhile to understand that this option has its own risks and difficulties.
I am strongly agree with this above statement.I think Forex business is very critical business So if you take risk with out knowledge you will be losers in Forex market.
Membre depuis Oct 29, 2021
posts 69
Jan 05, 2022 at 04:11
It is possible, but it requires a lot of hard work, dedication, and risk management. You have to be able to make quick decisions, have a firm understanding of the markets, and handle losses. There is no guarantee of success, but it can be a very lucrative career if you are successful.
Membre depuis Aug 05, 2021
posts 394
Jan 10, 2022 at 15:52
It's definitely possible, but not something you can jump straight into. You'd need a sizable investment, to be well-educated, have a great trading plan, etc. I see a lot of people looking to quit their jobs and do this, but I'd recommend trading and working for some time until you're sure you can bring in enough profits. It's also important to have money in savings since you don't get a guaranteed paycheck for trading if you have a bad month.
Membre depuis Nov 20, 2021
posts 19
Jan 11, 2022 at 06:35
Possible when you have no financial liabilities like debts and making bucks like a pro on trading.
Membre depuis Nov 06, 2018
posts 81
Jan 11, 2022 at 13:50
Michihito posted:
Trading for living is possible. But for that first you have to be consistent in profit making. As trading requires investment, so you need good back up income. It's not like other business. Here you have to be skilled enough. The concept is it needs time, dedication, determination and good understanding to get the control of it.
Yes it is possible, but trading for a living is hard. Make sure you have savings before you do this, otherwise you will be trading to make a living and put pressure on yourself.
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