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  1. #1

    Leading your dream life based on Forex trading

    Everyone in this world dreams to become a millionaire. There is no one who can say that they don’t want financial stability in this life. In fact, we all are working very hard from the starting of the day to earn our living. But do you think that just by doing the day job we can pursue our dream? The simple answer is NO. In fact, most of us can’t even fulfill our basic needs based on our day job. This where the term Forex trading comes into action. There are many traders in this world leading their dream life based on trading profession. Some of them had a very hard past but over the period of time, they have managed to master the art of trading by which they are now supporting their family. Since most of the high-class brokerage firm offers a high leverage trading account to their clients, trading the financial asset is now very for the retail traders. In fact, we can make a decent amount of money in every single month with very low trading capital.

    Sky is the limit

    There is no profession in this world which can ensure you that you can earn huge amount of money in every single month. But when you consider trading as your full-time profession there is no potential limit to your earning. You can literally earn as much money as you want. But making a profit on a regular basis is not all easy. Though you will be your own boss yet you should trade the market with extreme discipline. Most retail traders blow their entire trading account within the first six months. So surviving the first six months in the exchange traded funds industry is very crucial for the novice traders. Instead of trading the market with your real money it’s better to use the demo account to save your hard earn investment.

    Financial back

    Every professional trader has a financial backup for at least six months. This market is totally uncertain and no can assure you that you will have decent profit at the end of the month. So if you rely on trading income then at times you will be in big trouble due to negative profit factor at the end of the month. So during that time if you don’t have any financial backup then it will force you to take an excessive risk which will ultimately result in big losses. Trading should be done in a peaceful environment. Those who want to trade the market to relieve their financial stress will never be able to learn Forex trading. During your early stage never consider trading as a source of your income. Your primary focus should be on learning the art of trading within a very short period of time. Read books and articles as much as you can since it is one of the best ways to make your life better.

    Learn from mistakes

    Everyone makes mistakes in their profession. But in Forex trading, if you keep doing the same mistake over and over again then soon you will blow your entire trading account. The professional traders always use the demo account to develop their trading system. They know that without learning from the mistakes it’s nearly impossible for them to survive the wild swings of this market. Some of you might say about the Forex signal service provider. But if the signal service provider is so successful then why they are selling signals to you. Ask yourself this question and you will get the answer all by yourself. You need to learn how this market works and based on that you need to have a strategy to execute quality trades. But even after doing all the things perfectly you will still have many losing trades. So don’t risk more than 2% of your account capital on any single trade. Try to minimize your associated risk in trading every possible way.

  2. #2
    It's all very well-written and absolutely correct. But to get to that level, you'll have to put a lot of effort and time.

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