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Forex is carrier ?

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Dec 18, 2013 07:27 pm
#1
fxpower User

Posts: 1
Member since: 18/12/2013

Forex means world finance issue. Globally rapidly changing financial method. When a trader comes in Forex market. Must need to learn first. After that have to practice. Earn is carrier starting. So be careful. Good knowledge menas good carrier aslo.

Dec 19, 2013 10:47 am

Posts: 35
Member since: 05/11/2013

i think you mean career? i think unless you want to become a money manager i wouldn't rely on Fx as a career because there isn't much reliability..Personally i have a full-time job which is great because it means i have a stable income and Fx is a hobby which can earn me a little extra, to make a career out of it i think there is a big risk especially if you consider brokers and money managers also have a stable income even though they most likely trade on the side too.

http://www.fxstat.com/widget/link?t=tiny&c=4&s=25074&o1=growth&o2=drawdown&o3=profitfactor 

Dec 19, 2013 12:47 pm
Nader22 User

Posts: 26
Member since: 22/08/2013

I don't agree with purple money on you can only take forex as a hoppy.. because a lot of traders take forex trading as a full time job and they gain from it all the money they need to live a luxurious life. ..

But those of course are experts and know exactly what they are doing. 

Dec 19, 2013 07:29 pm
graceb User

Posts: 21
Member since: 08/11/2013

I agree that it is a must for everyone who wants to enter the world of forex to learn first.It is important to have a enough knowledge in order to succeed in forex experience and skills as well is important.It is hard for us to succeed in forex without sufficient knowledge.

Dec 26, 2013 04:14 pm
Champ User

Posts: 711
Member since: 17/05/2011

As an individual trader, I do not see forex as my career in short or even in long run. It is mainly due to risky nature of market where it is really hard to survive. To minimize risk, more spare cash is needed so that we can bear more risk. I think it can be a nice extra-cash biz but, for an individual trader, it should never be the "only" source of income.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Jan 02, 2014 03:06 pm
4nt5 Translator

Posts: 84
Member since: 12/10/2013

Originally posted by Champ

As an individual trader, I do not see forex as my career in short or even in long run. It is mainly due to risky nature of market where it is really hard to survive. To minimize risk, more spare cash is needed so that we can bear more risk. I think it can be a nice extra-cash biz but, for an individual trader, it should never be the "only" source of income.





Im jumping onto the "not-career" band wagon here as purple and champ has said, the risk is too great to be the "ONLY" source of income. 

Contrast to Nader's point i dont think an expert FX trader lives a luxurious life per say due to the unreliability and probably liquidity problems/excuses a broker would spout if they had to pay large withdrawal funds to a ingle traders every month.

Also just my interpretation but i dont think we should class "experts" as a fixed seperate class since its not very well defined on how to become an "expert"  

http://www.fxstat.com/widget/link?t=tiny&c=1&s=20780&o1=growth&o2=drawdown&o3=profitfactor 

Sep 15, 2020 10:17 am
Asher User

Posts: 116
Member since: 31/03/2020

I agree with that if you want to succeed in forex you need to learn the Forex because having good knowledge is very necessary and if you have lack of knowledge it will be very dangerours and you can lose very fast.

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