Can we take forex trading as full time job?

[uptrendfinancialsignal]

So many kind of individuals might be wondering if it is possible to make a living trading currencies given the fact that the majority of tiny Forex traders fail to do so. The quick response is emphatic YES. You may definitely use forex trading to generate a consistent income. In fact, Forex is a very lucrative investment you can access provided you can carry out proper examination of the currency pair you want to trade. But many novice traders don't realize how much dedication it takes to succeed.

They lack the forex savvy required to succeed as professional Forex traders. They devote their time and effort into cultivating optimism, which is really a gambling mindset, as opposed to building restraint and self-control, learning the skills and knowledge that would enable them to constantly be profitable.

If mistakes are made in the and assessment of the position you entered as a movies you will definitely make huge losses.

 

[FXOchartist]

Although possible to treat forex as full time job, however safer to treat forex as part time job and still get backup earning from another source income. When you get a job with comfort zone and earning, forex can become part time job with advantage has flexible time were we can trade anytime and anywhere.

Forex is risky business included high risk high gain, today maybe we can easily making profit, but not sure tomorrow will get the same result, even possible getting loss again. Except traders already able to make consistent profit, and they can relying earning from trading, it possible to treat forex as full time job.

Here choosing broker also becomes big matter because not all broker are safe. I choose FXOpen broker because this company regulated on UK, Europe and Australia and offer zero even negative spread in ECN account.

 

[Sotherefore]

As long as it is a business that requires training and proper dedication to succeed , yes it can still be considered as a way of generating money because personally I have seen a lot of professional traders that are trading the forex market and they are making a lot of money out of it . If you can dedicate your time and passed through the normal training that will help you to succeed then there's nothing wrong with you considering it as a full-time job.

But when considering it has a full-time job you needs to understand how the market works , you don't have to learn some things and leave the other one out. you must learn everything needed to succeed in the market because your little mistake might cause you a serious loss and that's how forex market was designed to be that everyone have to pay for their ignorance with their account balance.

 

[King bell]

Many people are interested in forex trading as a full-time job. Can we take forex trading as full time job?

The answer is yes, we can take forex trading as full time job. However, it is not easy to become a successful full-time forex trader. There are many things to consider before we decide to take forex trading as full time job.

First of all, we need to have a good understanding about forex trading. We need to know what is forex, how forex market works, and what factors can affect the forex market. Without a good understanding about forex, we will not be able to make a profit in forex trading.

Secondly, we need to have a trading plan. A trading plan is like a road map. It will guide us to our destination. Without a trading plan, we will not know where to go and what to do in forex trading.

Thirdly, we need to have discipline. Discipline is very important in forex trading. We need to follow our trading plan and stick to our trading strategy. We should not let emotions affect our trading decisions.

Fourthly, we need to have patience. Patience is also very important in forex trading. We should not try to make a quick profit. We need to wait for the right opportunity and enter the market when the time is right.

Last but not least, we need to have capital. Capital is the most important factor in forex trading. Without enough capital, we will not be able to make a profit.

All in all, we can take forex trading as full time job. However, it is not easy to become a successful full-time forex trader. We need to have a good understanding about forex, a trading plan, discipline, patience, and capital.

 

[Jack Reacher]

Which trading platform to use is a question among many traders. There are mainly two types of trading platforms including mt4 and mt5 and if you trade stocks or more than one asset class, mt5 is the right platform for you. On the other hand, for trading forex and CFDs, mt4 is the best trading platform for you. You will find both the platforms available on Eurotrader broker. Their platform is free of dealing desk, requotes and slippage.

 

[HeavLeighGill]

Yes, it can be a full-time job. The reality is that the amount you make depends on a variety of factors, including how much you deposit. The more you deposit, the more you can make. Some may need to work a real job for a while before they can afford to completely switch to trading, but it can be done.

 

[moonchild]

Yes, trading can certainly be full time depending on how bad you want it, if you want to be a master at forex trading, you definitely have to sacrifice a lot of time to it, when starting I would not advise you to take as a full time endeavor, get a job or something that will be bringing you some money and focus all of your time into learning it, give yourself a timeline, as i said earlier, it all depends on how bad you want it, within a year, you can become a profitable trader.

After reaching profitability you can then decide to take it up as a full time hustle and grind at it, that also does not mean you spend the whole day trading, you should pick a time and trade between that threshold to be able to contain your losses and take control of the market, good luck.

 

[Suba]

All forex traders around the world, maybe only a few people are willing to make forex trading as a full time job, so there are more people who are not willing to make forex a full time job. Since they have to leave their main job they will also lose their main income. So we must have large amounts of money as trading capital and meet living expenses.

 

[eldavis]

Yes it is very possible to make forex trading a full time job but i would never advice anyone to do this. We all know the nature of forex trading, the market is not certain. There are times you make profits and there are times you loose. In most cases it is very possible to even blow your account completely. Imagine investing all that you have in forex trading, with no other external source of income, you would be completely stranded. It would be wise if you have another business along forex trading. Forex trading should never be your only or main source of income.

 

[Mary Frederick]

Traders are mostly rigid and stick to one type of trading. Flexibility in trading should be brought because not all time, long-term trading is possible because sometimes you have to trade scalping whenever the market opportunity is narrow. Eurotrader allows traders to apply all types of trading approaches on their platform without facing any restrictions.

 

[Diapason]

Yes, it can be a full time job. Many traders switch to full time trading as they gain experience to live a better lifestyle. But trading in the Fx market can be quite challenging so traders need to be aware of the risk they are willing to take on.

 

[Ithedicious]

You really have to be good in trading to a point of considering it as a way of generating income because if you are not good in trading then you should not consider it that way because the market will eventually collect all your money no matter how much you are trading with.

And what I've come to understand is that trading with a low capital might increase your possibility of losing all your money because of the market volatility.

Personally I don't have time and I am not willing to be risking my money in something I do not know . To be able to trade the market properly I have to learn and learning may take a long time that is why it requires may time.

For now I am using a demo account to trade and know what trading is all about but in due time I will learn about it.

 

[Olimpia Morgan]

Yes, forex trading can be done full time depending on how the trader plans their strategy and moves in the market. Traders need to have a consistent flow of profit in order to switch to full time. The risk increases so it may not be easy but it is possible with patience, discipline and motivation.

 

[BinarySumo]

Deciding when to take trading as a full-time job is a personal decision that will depend on a number of factors, including your level of experience, your financial situation, and your risk tolerance. Some traders may choose to transition to full-time trading once they have gained sufficient experience and confidence in their trading skills and strategies.

Others may prefer to keep trading as a part-time endeavour while maintaining a separate full-time job. So, it is upto you what you decide, depending on your goals.

 

[Jack Reacher]

The way we are trading with Eas are mostly wrong. Avoid EA trading and follow risk management to prevent losses. Whatsoever you can go for EA trading too if you have some good working EAs.On the platform of FXOpulence broker, you can easily use an EA as they support EA trading.