Forex is Hobby ?

Yea forex is my hobby but can't understand this conversion, something is 😕 😕😕

Clauderolf posted:


For some people it is a hobby, something that they do not take into account as their main work as well as trading. But it's good to see that not everyone takes it that way, what happens is that there is still no credibility in this type of business.

I am sure, hobby traders are not making here any professional result! Only pro traders can do so! By the way, Forex is my main source of income.

Adribaasmet posted:

Clauderolf posted:


For some people it is a hobby, something that they do not take into account as their main work as well as trading. But it's good to see that not everyone takes it that way, what happens is that there is still no credibility in this type of business.

I am sure, hobby traders are not making here any professional result! Only pro traders can do so! By the way, Forex is my main source of income.

I think that some traders who treat it as a hobby do make a profit, otherwise it wouldn't be a very fun hobby.

Adribaasmet posted:

Clauderolf posted:


For some people it is a hobby, something that they do not take into account as their main work as well as trading. But it's good to see that not everyone takes it that way, what happens is that there is still no credibility in this type of business.

I am sure, hobby traders are not making here any professional result! Only pro traders can do so! By the way, Forex is my main source of income.

i have one question, why hobby traders are not making here any professional result!???

every person do all from his hobby, okey that's good Forex is your main source of income.

but every person's main source are her/his hobby, every man can do from his/her hobby, if you have no hobby then ... ? how do you doing your trade???

natalieFx posted:
Yea forex is my hobby but can't understand this conversion, something is 😕 😕😕

I think you are a part time trader! If you are making good amount of money! Why not you are taking this profession as a full time job?

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!

Adribaasmet posted:

natalieFx posted:
Yea forex is my hobby but can't understand this conversion, something is 😕 😕😕

I think you are a part time trader! If you are making good amount of money! Why not you are taking this profession as a full time job?

How did you figure that out? Have they mentioned anything?

mlawson71 posted:

Adribaasmet posted:

natalieFx posted:
Yea forex is my hobby but can't understand this conversion, something is 😕 😕😕

I think you are a part time trader! If you are making good amount of money! Why not you are taking this profession as a full time job?

How did you figure that out? Have they mentioned anything?

I see, he is a very new member in this community! Maybe, it was a mistake.

mlawson71 posted:

Adribaasmet posted:

natalieFx posted:
Yea forex is my hobby but can't understand this conversion, something is 😕 😕😕

I think you are a part time trader! If you are making good amount of money! Why not you are taking this profession as a full time job?

How did you figure that out? Have they mentioned anything?

Absolutely right!

natalieFx posted:

Adribaasmet posted:

Clauderolf posted:


For some people it is a hobby, something that they do not take into account as their main work as well as trading. But it's good to see that not everyone takes it that way, what happens is that there is still no credibility in this type of business.

I am sure, hobby traders are not making here any professional result! Only pro traders can do so! By the way, Forex is my main source of income.

i have one question, why hobby traders are not making here any professional result!???

every person do all from his hobby, okey that's good Forex is your main source of income.

but every person's main source are her/his hobby, every man can do from his/her hobby, if you have no hobby then ... ? how do you doing your trade???

How do you know they're not making a professional result?

For me Forex as a hobby works fine. If I make it for a living , then it gets too stressful for me , having in mind the unpredictability of the whole Forex market. Admoni is right, you can earn money only after a solid knowledge (which takes years). For me the leading motive shouldn't be earning money, but the desire for acquiring knowledge...If something is intriguing you, then learning is waaay easier, knowledge comes naturally with the interest. If you hope only for quick and good earning, then you are lost. No one can convince me that sitting on your coach and hoping that the EUR/USD will go your way, reading forums and books will get you success. ..so, more healthy as a hobby for me.

I think there's nothing wrong for the leading motive for trading to be both knowledge and profit. People get into trading for the profit, but greed shouldn't blind them into making poor decisions.

Really Forex is too much tough for the traders who are in particularly newbie. So, obviously a new trader should work hard to achieve the market easily. they should make a best strategy for themselves . they should spend most of their time in analyzing Forex market because it will increase their knowledge of analysis. They also should practice much on demo account to make their trading easy. Then they should choose a right and reputed broker for them .

mlawson71 posted:
I think there's nothing wrong for the leading motive for trading to be both knowledge and profit. People get into trading for the profit, but greed shouldn't blind them into making poor decisions.

I agree, there is nothing wrong in wanting to be profitable, like in any other business . My comment was too generic.. . Here in FX good experience, risk management are rather the things that matter for me... :)

In case the perception as just as a 'hobby' - it could be very expensive 😁

mlawson71 posted:
I think there's nothing wrong for the leading motive for trading to be both knowledge and profit. People get into trading for the profit, but greed shouldn't blind them into making poor decisions.

It is like that
And also if you enjoy trading too much you risk too much. LONG term trading should be calm and boring without big surprises in any way.

TiffanyK posted:

mlawson71 posted:
I think there's nothing wrong for the leading motive for trading to be both knowledge and profit. People get into trading for the profit, but greed shouldn't blind them into making poor decisions.

I agree, there is nothing wrong in wanting to be profitable, like in any other business . My comment was too generic.. . Here in FX good experience, risk management are rather the things that matter for me... :)

Of course, I agree with your opinion. But I see, a number of retail traders try to make unrealistic profits here, even without enough knowledge.

Adribaasmet posted:
Of course, I agree with your opinion. But I see, a number of retail traders try to make unrealistic profits here, even without enough knowledge.

Very soon such traders will come down to Earth :)

Can't think of it as my hobby. It's like 'is working a hobby?'
We know we work for a living, but it can't be hobby.

Btw, my main motive is NOT to be lover of money, I used to be a generous one (love myself for that), so it's definitely not my hobby. 😎