We can start Forex in a proper way, if we want to be a professional. pips School is the first choice of learning and besides this demo account must which is mainly considered the foremost place to acquire real basic knowledge which is very supportive to kick off a live account in a proper way.
Well. It should be a little bit more than just a hobby, you know. If it's just a hobby - you won't make any money.. Which is the point of the Forex. So for me it's not a full time job, but it's also not a hobby. It's something in between.
Everything is uncertain in Forex market, so the newcomers always feel frustrated when trading. So before kickoff live account we have to make sure sufficient trading balance that can remove our frustration , otherwise it will be great difficult to survive in this volatile trading market.
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!
It is a healthy target, keep it up and congratulations!
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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