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  1. #1
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    Default Choosing Forex trading as your fulltime profession

    Forex trading is becoming popular day by day. You will find more ns more people are now interested in investing their money and they are also becoming a professional trader. This is not like your average industry where you can find a job and do that for all the time you have to consider all the risks and benefits before you make this your profession. People are emotional and they only see the awarding part but not the risks. This article will tell you what you should consider if you are thinking to make Forex your profession. Changing a profession is a big work and you should change it after giving much thought. We hope this article can give you some new ideas to rethink your decision.

    Becoming a full-time trader
    Becoming a full-time trader is very hard. You have continuously asses the risk factors and keep yourself tuned with the latest market news. Those who don’t keep themselves synchronize with the latest changes in this market are the ultimate losers of the market. If you believe trading is the right profession for you must find a reputed broker. Some of you might quality brokerage firm is nothing but a waste of time. But if you do some research you will find only the elite class full-time traders are trading with reputed brokers like Saxo. They always ensure high-class trading environment.

    As a currency trader, you need to identify your trading strategy first. For instance, if you want to scalp the market you should never trade with the low-class broker. You need to choose a Forex trading account which offers fast-paced trading environment. Unless you know about the complex price movement of the financial instrument you should never risk a small portion of your investment. Learn to trade this market with managed risk. Becoming successful in the retail trading industry is not all hard. If you follow the basic rules of investment you will never have to lose huge money. So be very careful when you trade the market.

    Are you making profit consistently?
    The first thing that you need to know is if you are making your profit consistently. Traders start investing money but if they are not consistent in their trading, they should not trade for full time. You can only trade for part time but focus on magic consistent profit. If you are having losses more than your profit, this is not the right time to change your profession. Spend more time on improving your performance and you will get new ideas if you should become a professional Forex trader. Remember you cannot survive in this industry without profit. The trends are volatile and only money can save you.

    Is it going to be your only source?
    This is the most important question that you need to ask yourself. If you find yourself having only one income source in Forex, we suggest you do not make this your profession. This trading is only profitable when you have side incomes. If you make trading your only income, you will be afraid of your every trades and a small loss can end your career. Never become a professional trader if you do not have other incomes. You have to be very rich to live your career out of Forex trading.

    Have experience
    You need to have many years of experience to start trading professionally. Successful traders usually have long years of experience that always them to make a profit without losing money. If you want to become a professional trader, first gather knowledge of the market. Experience will give you wisdom and tell you how you can make a profit in different volatilities. Only trade personally if you have experience. It will develop your wisdom and you will know how to make your money throughout the career in your Forex trading.

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  3. #2
    Senior Investor Uncle Gober's Avatar
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    in essence in the forex it will never have an instant, that's why traders should be able to be better and can be more maximal again in improving trading skills and manage funds and risks are there to be better again in running trading activities in real account .

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    I am trading Forex professionally and I like scalping. To conduct trading professionally we need to have a professional broker indeed. According to scalping and hedging friendly trading I chose Trade12 is highly regulated and I have been there for more than 1 and half year. Their facilities are very much fascinating and elegant. With the broker I have special VIP program for online trading, superior fast and secure environment and easy for all operations, easy access to any other financial markets and smart bridge technology for scalping and hedging.

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    Il mio metodo di trading è scalper e con questo metodo sto guadagnando una buona quantità di profitto. Ma per scalping ogni trader ha bisogno di un trader speciale. TradesFX è un ottimo broker e dispone di una tecnologia bridge intelligente che è adatta per la copertura e per scalping hanno un valore di spread di 0,9 pips. Il loro processo di esecuzione è superiore e garantisce il 100% della sicurezza dei fondi. Ho delle micro opportunità di investimento da loro. Hanno anche un elevato volume di leva con una corretta gestione del rischio.

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    In Forex market I am working as a full time Forex trader. Because long term trading seems much profitable to me so I am working in Forex as a long term trader. Forex4you is the professional broker which I choose. They give me best supports to make my long term trading profitable and successful. I get higher trading leverage that is 1:1000, almost very high besides of having low spread facility.

  7. #6
    Senior Investor Uncle Gober's Avatar
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    Therefore, traders must be able to have a trading plan in order to become more maximal in carrying out trading activities that are in accordance with the expectation to be more maximal in surviving when on a real account.

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    We as traders are important to choose where the best broker is, because with the best broker that is where trading can be felt safe, comfortable. For the first time, I chose the Forexchief broker, but where it turned out there were still many problem constraints so I could not feel safe, comfortable. So it is important to be able to choose the best broker so that we can survive in the forex trading on the run

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    Senior Investor Uncle Gober's Avatar
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    the selection of brokers must indeed be considered well, this is needed so that traders can get better and be more maximal in paying attention to security and comfort that is more maximal than before.

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    Run forex trading is not an instant thing, this forex business has a large risk role, so traders must routinely increase their skills to the maximum so that we can also run the maximum trading on the real account with the Freshforex broker.

  11. #10
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    It is true that forex has become a dependable trading platform where traders are enjoying many benefits. For example: flexibility of trading, greater liquidity, leverage facility, 24 hours trading from several market sessions or centers, etc. all are various facilities which are making forex more reliable as earning platform. Furthermore many traders are taking forex as professional as it is easier to get started when compared to other financial market.

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