Forex is supposed to be more than just a hobby. You'll never learn if it's going to be just a hobby. I mean, you can learm... but not as good as when you see it more than just a thing that you do before going to sleep.
It is absolutely normal to earn 5-10% profit per month. Especially if you're a beginner. Yeah, you trade a lot, but that doesn't mean you're going to get all the world's success right away. There's still a lot to come to, a lot to learn before you start earning a lot. Just relax and enjoy the very process of trading. The more you stress yourself, the worse your results will be. You can't 'force' yourself to be profitable...
Yo. It depends. If you ain't planning on trading full time, yeah. It is a hobby. If you want to become full time trader, even if you just started, it's not a hobby. So decide why do you trade, and after that you won't be asking yourself is it hobby or nah. Peace
Forex may be a hobby for some while it can be a way of livelihhod for others. When it's a simple hobby you don't worry about it that much, because you haven't invested that much.But if you trade for the living than you became cautious about the money you have invested.
I think that depends on a trader. I know both two types of traders. Some traders take this like a hobby and they just spend 1-2 hours trading. However, for some traders that's real bussiness they spend a hours for.
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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Past performance is not indicative of future results.