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Forex trading is a hobby or business for you ,me personally think that i can make a very bright future in this arena and consider this as a business what about you people ,its not a hobby for me at all.Me very serious .
For Forex is a commonly used abbreviation for "foreign exchange," and it is typically used to describe trading in the foreign exchange market by investors and speculators.Example, imagine a situation where the U.S. dollar is expected to weaken in value relative to the euro. A forex trader in this situation will sell dollars and buy euros. If the euro strengthens, the purchasing power to buy dollars has now increased. The trader can now buy back more dollars than they had to begin with, making a profit
I feel that traders in max cases do Forex as business only because everyone wants to make money as per the trading plan and strategy and very little people do Forex as hobby because when earning dominates hobby can become business .
Rumba, it’s crazy to think that you could do much without knowledge or experience, if we really wish to achieve success and want to do anything sensible then we got to do with education not with some promotions. Right now, I am trading with OctaFX broker where I get extra-ordinary benefits whether that’s to do with small spreads from 0.1 pips for all major pairs or if it’s to do with their 50% bonus on deposit, it’s all world class!
It all started with been hobby/time pass, but been able to get good returns, it turned into serious work and now I am doing it as full time. I am grateful to my broker OctaFX, as it’s due to their support whether that’s with their educational setup or if it’s with their facilities that include lowest possible spread from 0.1 pips for all major pairs to high leverage up to 1.500 plus there is also strong cash back where I get 50% on all trades, it’s complete picture!
The basis of forex trading is to base your decisions on the bidding quotes. These quotes show how much you can trade what you have for. The principle is simple: if you can make a profit, trade what you have or what for a bigger profit. If you cannot make a profit sell before you lose any more money or wait for the market to change.
Forex is not hobby forex is business.Some tips on forex.Forex is a somewhat unique market for a number of reasons. Firstly, it is one of the few markets in which it can be said with very few qualifications that it is free of external controls and that it cannot be manipulated. It is also the largest liquid financial market, with trade reaching between 1 and 1.5 trillion US dollars a day. With this much money moving this fast, it is clear why a single investor would find it near impossible to significantly affect the price of a major currency. Furthermore, the liquidity of the market means that unlike some rarely traded stock, traders are able to open and close positions within a few seconds as there are always willing buyers and sellers.
It would be crazy statement to make if we say it’s hobby because it’s serious thing not just part time, therefore, it’s obvious that we need to take it seriously not pass time or anything like that. It’s a world class business and we can make massive returns from it, but we need to make sure we do it in proper way and through wise method/strategy and only then we will find things working in our favor, if we are not doing that then we are inviting unwanted trouble. I am able to do it all nicely thanks to OctaFX broker with their might features and conditions with steady spreads from 0.1 pips to high leverage up to 1.500 while there is also rocking cash back up to 50% on all trades, it’s mind blowing!
No it is not my hoppy, it's my business. I have taken trading as a full time. Forex is dangerous business without a doubt. In like way, it ends up being more perilous when you take it as low upkeep. You have to think of it as significant. Mind science expect a basic part in trading. When you view it as low upkeep work, it induces you give less concentrate on it. You load of training to choose for trading. I started trading as a forex trader. At display, I am trading with FXPM broker. It is an incredible broker with moment execution. It gives a prize of 2000 GBP to the long stretch of the trader.
Forex Trading basically starts as a hobby but once you start getting money out of it then it becomes a business
To be successful in forex trading is when you make your moves according to the market trends. The single most important advice I can give you is to learn from your mistakes. That is the only way to become a successful trader. Follow reliable
forex trading signals providers , to make the right move on the right time, because in forex trading “Right Time is Everything”.
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