Being A Full Time Forex Trader?

Every forex trader want to have a maximum income from their trading activities. It is not impossible.  He will reach it in short or long because a  forex trader manages trading profit or loss. Maximum profit and loss is minimal. Profit is his income.

Want to become a full time forex trader? As long as I know, most Indonesian people say they already engage in forex trading itself just is not going full time in this case. It is related with decision of each person.

But for those who have decided to be  full time trader,  here are some notes that need to be considered:

Risk

Suppose you really decided to become a full time, then know the risks involved before you plunge into it. Once there was a trader wants to quit the job in his office. He decided to become a trader in everyday life. But good fortune has not sided with him. After some time, he went bankrupt with debts unpaid. Why? Because he did not know the risks that would be faced as a full time trader.

You need to understand it is how the hell needs that you spend each month. Calculated monthly expenditure of unexpected expenses, the cost of daily necessities, to the cost of your household needs. This needs to be your account before becoming a full time trader.

Other risks, you will be confronted by whose name the transaction. In the transaction, sometimes there is loss, there is also profit. If you've become a full time trader, then the benefits that you get should be able to meet your needs up to a month ahead. Although today you loss, but globally for a month should be far greater advantages than disadvantages. Well, it must be known to the candidate a full time trader.

By setting as a full-time, then the loss in 1 month should not be more than 6%. That means you can only get a chance during the first month of trading should not be a loss of 10%. And if you lose up to 50%, then you are obligatory to look for another job.

Solutions

Daily needs is a top priority that must be met as a full time. There is a solution that can be used by you in addressing the trade to be able to profit consistently and can support your needs in the future. Here are things to consider before becoming a full time trader, among others:

1. You must have an income before plunging into trading in full.

2. You must have a supply or savings before becoming full time.

3. You've been able to consistently profit, whether in real or demo.

4. Try a loss of less than 5%.

5. Having planning your future needs.

Conclusion

Full time trader is very desirable and aspired by every trader. To become a full trader, it must know the risks and management that need to be used. Preferably Think first before plunging into a full time, taking into account how much it costs that must be met in order to meet daily needs. If you feel capable and have a passion for trading in full, then do not ever forget the risks as a full time trader.

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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. Admin