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- Dec 29, 2018
- 119
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I know that its very hard to make any money consistently for a long period of time with forex trading but I've seen pro traders saying that an average of 8%/month is pretty doable if you put the effort.
Why isn't forex mentioned as one of the best fastlane options?
Pros
- You can work from anywhere as long as you have a laptop and internet.
- Flexible hours (Market 24/7)
- No bosses or direct contact with customers.
- No selling
- No networking
- Acquire useful knowledge about global markets, trends, finance and economics.
- There is no limit on how much you can make (or lose too) unless you use stops.
Cons
- Requires a high level of personal skills (patience, risk management, data analysis, economics...)
- Requires emotional intelligence
- High risk
- Addictive
- Checking charts and news daily
- Constant ups and downs
Last night I was thinking on what skill should I focus on this year and a routine of a trader is really what I'm looking for, independent, flexible, high risk and high reward, fast pace, agressive and competitive. Besides that I've read that most of the pro traders uses robots and system so they just need to put something like 2hour of work per day.
I live a really simple life and my cost of living is really low so If I start with 50k and average 4% monthly(2k), I could consider myself to be free from the 9-5 world, of course I know that there is a long road before seeing any profit and the majority of traders lose money but we aren't the majority here, right?!
Why isn't forex mentioned as one of the best fastlane options?
Pros
- You can work from anywhere as long as you have a laptop and internet.
- Flexible hours (Market 24/7)
- No bosses or direct contact with customers.
- No selling
- No networking
- Acquire useful knowledge about global markets, trends, finance and economics.
- There is no limit on how much you can make (or lose too) unless you use stops.
Cons
- Requires a high level of personal skills (patience, risk management, data analysis, economics...)
- Requires emotional intelligence
- High risk
- Addictive
- Checking charts and news daily
- Constant ups and downs
Last night I was thinking on what skill should I focus on this year and a routine of a trader is really what I'm looking for, independent, flexible, high risk and high reward, fast pace, agressive and competitive. Besides that I've read that most of the pro traders uses robots and system so they just need to put something like 2hour of work per day.
I live a really simple life and my cost of living is really low so If I start with 50k and average 4% monthly(2k), I could consider myself to be free from the 9-5 world, of course I know that there is a long road before seeing any profit and the majority of traders lose money but we aren't the majority here, right?!
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