Forex trading can be one of the simplest ways to earn money. You can earn a lot more money as a Forex trader than you would working retail. You also do not have to worry about the hassles of a regular job. You are basically your own boss if you are a full time trader.
Michihito posted: For trading you do not need 8 hours+ work. Merely a 4 hour session can be enough. But the fact is you have to skilled enough. Yes in forex trading you have the opportunity to work less and earn more. But this facility doesn't make trading easy. You need time and a lot of study to get skilled.
Well said, the key is enhancing your knowledge eventually, gathering experience an learning from your pasts. No need to devote entire day to it, but yes quality time along with dedication really works.
For trading you do not need to replicate someone else's trading style, You should have your own plans to enter and exit the positions. Everyone has a different trading mindset according to his goals and risk appetite. Never try to fit in that. And do homework before going live otherwise stress will eat you.
forextrader777 posted: I agree that you can make a lot of money via forex trading. But never ever jump into trading without in-depth knowledge of the forex market.
Earning through forex is easy and fast but it can be risky too if a trader won’t be having any prior knowledge about that.
Yes, but some new traders don't think that way. Some feel that they’ll learn about the market while trading only
I agree that practically doing things gives you better understanding of the things but for that also you need to have at least some knowledge about the forex market. I have also demo traded initially to learn how trading is done through Turnkeyforex and eToro but for that also I did my research first. Maybe that is the reason why I am able to make good profits.