Personally, I think if this is treated as a hobby, it will take longer to achieve the result.
It seems more like a hobby when you lose your money, and become the meaning of life when you make a profit :)
Kennet posted:
It seems more like a yahobby when you lose your money, and become the meaning of life when you make a profit :)
ya
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.
Kennet posted:
It seems more like a hobby when you lose your money, and become the meaning of life when you make a profit :)
Yes, it is more then a hobby because here our emotions are involved and when we lose our money we can ne emotionaly disturbed.
This is a very risky work, and treating work as a hobby will be mistaken.
Aug 17 2020 at 12:28
I started forex as a hobby. But now it becomes my main income source.
Aug 17 2020 at 17:19
mlawson71 posted:
Forex can certainly be a hobby for some people. Others trade on a regular basis, even professionally. It all depends on the person.
I agree with you. At first, I was doing it as a hobby, but as I learn more and experience more later, I think that FX became my business while I am spending money and trading seriously.
Aug 17 2020 at 20:07
I thinkg that it is better to start seriously.
BrandonWatson posted:
I thinkg that it is better to start seriously.
Not exactly. Something that you start on is always a hobby before you find a deeper meaning in doing what you like and calling it your passion. At first, forex trading was just a try out as an hobby to see if I can waste some times and the sooner I realized that it became a part of my life.
Forex is a serious business. You can not take it as hobby. You can take it as part time initially but not as hobby. You can only learn something if you are serious about that.
Forex is a business and we can make a lot of profit with it but we should have good knowledge and skills to become successful.
Many people want to make money in a hurry when it comes to forex trading. This is the reason for their loss. You must make a profit in trading, but before that, you need to acquire trading knowledge. And trading according to discipline. Trading is not a very easy thing, you have to be very patient. And trading with a long time goal in mind is a chance to succeed in life one day.
UweMoench posted:
Forex is a serious business. You can not take it as hobby. You can take it as part time initially but not as hobby. You can only learn something if you are serious about that.
Yeah. Even i also think that forex is no fun business. No fun learning so hard if you are not gonna take something serious.
So far trading in general is like many hobbies ( Golf, Cycling, Flyfishing, Photography etc..) I have made a large investment and if like all my other hobbies I allow them to gather dust then it too will be another hobby. However after 3 years and many struggles trading is a passion and an opportunity unlike my other hobbies I can turn pro as long as I continue to 'Sharpen the Saw' I will succeed and eventually have time and money for all of my other hobbies. - Jason
Sep 13 2020 at 11:35
Some prefer it hobby some prefer it as profession. For me it is my full time profession.
Oct 16 2020 at 12:31
Forex can be profitable only if treated like a proper business.
Oct 19 2020 at 12:52
Please don’t treat Forex as a hobby guys. You can’t at your leisure trade. Profits depend upon the moves you make as per right market timing. No point trading otherwise.
For some, it might be a hobby or a time pass(case of inactive traders may be) but for traders like me, forex is indeed a serious business.
