SO do you wanna give much importance to Forex or other job which you will be looking.You need to decide that you will do forex trading part time or full time in near future and then base you future plans according to the same.
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SO do you wanna give much importance to Forex or other job which you will be looking.You need to decide that you will do forex trading part time or full time in near future and then base you future plans according to the same.
Mery khyal sy short term trading main b hamen kafi knowledge ki zarorat hoti hy jo cheez long term trading mn different hy short term trading sy wo ye hy k long term trading k lye analysis krny mn boht time lgta hy aur ye short term sy jyada complicated hota hy.Quote:
Originally Posted by nikhil
main to abhi es ko as a new use kar raha houn abhi main ne faisala nahe kiya k es ko full time use karoun ya k part time es ka faisala bad main karoun ga k ioun k abhi trading karni baki haQuote:
Originally Posted by soumen
I think that any type of trader should keep some money management.
1000 lot size should be 0.50 lot size
100 lot size should be 0.10 lot size.
Very safe to use this. Not compulsory.
I do forex as a part time job. Any one who wants to start this business I recommend to do it as part time job. When you gain enough knowledge and experience then go for the full time trading. Never quit your main business if you are to start trading. You must also keep in contact with a few full time trader and get some info of market through him as well. This is because if you are not a full time trader you be needing info on daily analysis.
For the time being, I am a part time trader. I run my shop besides forex trading because I am new in this business and still learning the ups and downs in trading. But I have no intentions in future as well to make forex as my main business. I just want to make profits from forex trading and the money I earn through it I'm planing to invest that in my shop to increase my offline earnings as well.
may aik part time trader ki haseyaat say kaam ker raha hun, keuun kay mayri aik dukaan hay jis kay sath sath may forex trading kerta hun, abhi kch khaas erada nae hay na hi plan kia hay kay may forex to as full time job karonga kay nae, laykin ziada chances isi baat kay hain kay may isay apni shop kay sath hi chalonga as part time.
That is great to trade forex to make money if you have enough money to trade it safely, that is no problem, many traders just have no enough money to do that, so they should be part time traders.
yes its true and thing every traders think so because when we become fulltime trader than sure we have to live from forex and if that time fails to earn consistent profit then sure it will be very very bad condition and for this to become full time trader we have pass so much hard exam and have to prove we can make consistent profit.
I do not think it wise to rely on forex trading for day to day monetary needs so i have to do a regular job and keep forex as part time so that if i make some profit it adds to my earning and if not still i get regular income from my full time job.