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.
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.
mlawson71 posted:Robots :)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.
togr posted:mlawson71 posted:Robots :)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.
😁 I always forget about the robots. Not to mention that I have the habit of overseeing them even when I use one.
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!
mlawson71 posted:togr posted:mlawson71 posted:Robots :)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.
😁 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 :)
The people who take Forex as a part of Hobby, they cannot be professional and profitable, I have seen according to my trading experience.
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!
Nov 12 2017 at 08:06
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.
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.
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?
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!
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.
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
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
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.
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.
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.
Forex could be a hobby and your source of income at the same time.
