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forex trading is profitable if you treat is professionally as any other business. I have been a professional Forex trader since almost a decade and i really love this job. The advantage in Forex and market trading is that it always shows historical buyers and sellers and when you compare it to now
Is it possible for a retail trader to make good money from forex auto trading? I’m programmer in my day job and started to make a couple of bots. I see a lot of comments and posts saying how they struggle to make bots but so far the coding side for me has been easy.
Is it really possible to rely solely on forex to pay the bills or do most people have other reliable streams of income that they use to pay the bills then the money they make as a forex trader is a bonus. I am asking because the returns are not guaranteed and even looking at the current economic situation right now with the effects of the pandemic and US election on markets is it really advisable to focus solely on trading as a career and comfortably pay your bills. If anyone has achieved this please explain to me how and their honest experience with it. And you better not be selling courses on the side.
Many of you maybe still work a 9-5 full time iob and daytrade too. My question is, how do you manage to stick to this long term? To learn how to trade after you came home from an exhausting job. How do you find your balance? In my case I work 8-5. I commute between 1 hr - 1hr 30 mins drive so I wake up at 5:30, I leave around 6;40 am and I get home at around 6:40 pm usually. By the time I’m home I’m completely exhausted, I need to do my workout, do housework and I try hard to stick to my listings and the news. (i also use the hour lunch break to analyze the market). I also have a small night self care routine (girls will understand this need more maybe). But my mind is too tired. Maybe I do something wrong but I feel long term I can’t do this at a professional level if I also keep my full time job. I’m afraid to drop my job now in corona times. The crisis may hit harder and I’ll need sn income. Maybe I do something wrong. Maybe you handle this better. Are you able to trade while you are at your work? How do you cope with it? Thanks guys! Best wishes!
Anyone here that trades forex full time? What do you tell people when someone asks you about what do you do for a living? I am also curious to know about those that does not disclose about doing forex full time.
In these difficult times, please be aware of trading/investment scams
In these difficult times, when many people may be losing their jobs, I wanted to draw attention to share trading/investment scams. They’re relatively easy to recognise if you’re familiar with their ways of working: they usually approach people out of the blue, offer fast or big returns, promote a lifestyle many of us wish we could have, don’t want to discuss the risks and they’re not regulated by the FCA. Now I’m not a finance expert and don’t know the ins and outs of the regulatory work but I know that I should only deal with companies with a good public presence that are also FCA approved. If they start dodging questions, it’s a clear sign that they may be up to no good. I was approached by someone on Reddit today offering investment account management promising returns in as little as 7 days. Their profile is full of photos of someone living a lavish lifestyle and sometimes looking at a few charts. They were super quick to respond to any question but suddenly went quiet when I asked about the FCA. Again, I’m not an expert and some offers may be genuine. But now that many of us are struggling, it’s important to be extra careful and avoid potential scams as much as possible. The FCA has some good guidance on their website about these scams and how to avoid them. Stay safe, all.
Slack Group For Learning Crypto Technical Analysis
Hi, we have a group of 10 people in our Slack. We are looking to expand this number and hopefully you will be a good fit :) . We are searching for people who have some experience with technical analysis based trading or are at least experienced with paper trading. This could either be in Cryptocurrencies which is the main focus of the group. Or could be in other markets like Forex or Stocks. We have a variety of skill levels in the group from beginners through to profitable, we all want to improve quickly. Ideally you would have the same aspirations. One of the main goals of this group is to help each other to become consistently profitable traders who can trade as their full time job. Everyone in the group trades separately and has their own accounts. We don't want to sell you anything, we are just building a community that aims to help each other succeed. Some of the things we do in the slack are:
Group market analysis.
Discussions about fundamentals.
Deep dive into record keeping systems.
Group trade analysis.
Group strategy troubleshooting.
Risk management analysis.
Occasional social / fun events.
If you are interested in finding out more about the group or want to join, either comment below or Pm me with the below template. Expression of interest template: Name: Country: Time Zone: How much experience you have in trading: What you trade: Additional comments: --- Example expression of interest: Name: Ben. Country: Australia. Time Zone: AEDT (GMT+11). How much experience you have in trading: 6 Months. What you trade: Cryptocurrency spot and futures. Mostly BTC, ETH, ADA, LTC, ATOM, XTZ, ETC, LINK, THETA. Additional comments: I have been trading as a pair with 1 other person for the last 6 months. We have been meeting 5 days a week for those 5 months. Working together has been really beneficial for us. The slack group has been around for nearly 2 months now and has made a positive difference to my trading. It took the benefits I was getting from trading with 1 other person and multiplied them. If you have any other questions ask below :)
Hey everyone I was wondering how you handle keeping jobs with having cptsd. I know I've tried a lot but I keep running into people problems because I don't fit in well. I'm honestly floundering. I need to leave my current job and I want to find something with more freedom but I keep getting overwhelmed and spinning my wheels. I have the focus of a puppy right now. I'd love something I could do with my writing. And I keep trying to submit my stuff to different companies but just keep having issues with the full follow through. I know I can't stay like this. Anyone have any suggestions? Thank you. ♥️
I’m 19, a college student and interested in starting Forex trading.
I recently got interested in making my money grow more especially during this pandemic. I have always wanted to start forex trading ever since I started investing (mutual funds) at 15 years old but I knew the risks were too high for me at that age. Could you guys recommend me free tutorials maybe on youtube (if they’re recommendable) or some free resources found online? And maybe tips and tricks of your own? Also if possible, I’d like to know some sites where I can trade for a minimal starting price since I’m only a student. Thank you very much and happy trading! :)
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WHY I QUIT MY JOB TO TRADE FOREX FULL TIME!! - YouTube
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