Is full time forex trading good or bad?

Is full time forex trading good or bad? That’s the question some may be asking themselves, however your results may quickly determine the answer for you. This article sheds some light on some advantages and challenges of full time forex trading. If you are going to do anything full time, be it a full time trader, a certain level of application and devotion is necessary. Full time in the modern sense of manpower also averages out at about 40 hrs a week, generally 9 to five Mondays thru Fridays.
You know the routine. Now if you immersed yourself in the currency markets and are willing to take full advantage of the opportunity of becoming a full time forex trader, then you’ve certainly arrived at the right place. We shall offer some unique insight and perspective to help you make an informed and well-thought out decision. Right off the bat if you have to contemplate decisions about whether to become a full time forex trader, you are need of some proper guidance.
Check out eToro, known to be an industry leader by reputation offering an exceptional state-of-the-art forex trading platform for full time forex traders. So if you are serious about taking the leap, click over here for eToro now… For all you others who may need more convincing, please read on.

Some advantages of full time forex trading

aHigh Leverage factor – This is a significant advantage of the forex for numerous traders. Brokers will allow traders to make trades with up to 50:1 margin. Compare this to the stock market where the broker may grant you 2:1 margin. With a rather little account you can control a fairly large trading position in forex and when you have a winning trade, those payouts can be huge and add up as well. Unfortunately, like risky enterprises, high leverage also means high risk and we’ll cover this when we talk about the cons of trading the forex.
Scalability Factor – One of the competitive advantages of full time forex trading is that you have great flexibility in position sizing. Most brokers allow you a range of options with how to positon trades with a great degree of flexibility, especially compared to the equities market.
Around the Clock Trading – A significant plus- regardless where you live or what hours you work the forex market is up and running. All you need is a computer and an internet connection and you are set to go. You can trade! Check out the best trading platform for full time traders – eToro

Some challenges

High Leverage – The negative side of high leverage is high risk. If you want to win big, you have to risk big.
Around the Clock Trading – Just because forex can be traded 24 hours a day doesn’t mean that it should be traded 24 hours a day. In actuality, those markets move differently throughout the day: at peak hours moves can be
No Centralized Exchange – Unlike the different frameworks of stocks or futures the forex market has no centralized exchange or some type of clearing house. Instead each broker acts as its own exchange and the broker in effect becomes the market maker.
Competition – The major traders in forex are of course, the largest financial institutions. They have full departments staffed with highly paid traders and millions of dollars invested in the best and most up-to-date trading software and hardware available on the market today. For guidance and a powerful tools framework for success, check out globally renown 

إرسال تعليق