gaban Posted September 24, 2014 Share Posted September 24, 2014 for newbie we did not have to depend on forex, as forex is a business that has a very high risk. With the risk that we need to learn and practice trading with a well so that the risk can be minimized. better to make forex forex as a side job Quote Link to comment Share on other sites More sharing options...
skyrock Posted October 15, 2014 Share Posted October 15, 2014 Forex trading really worth depending on so for this if such trader have good skills and knowledge then he depend on forex but when skills is limit as a newbie he dose not need to totally depend on it Quote Link to comment Share on other sites More sharing options...
myregister Posted October 21, 2014 Share Posted October 21, 2014 Forex trading really worth depending on so for this if such trader have good skills and knowledge then he depend on forex but when skills is limit as a newbie he dose not need to totally depend on it If only you have a lot of money in your account but if that is so small then you will not depend on it but you will only put it as your own additional income. So i think that is up to you, but for me i don't depend my earning in forex but later will do it, and for newbies you shouldn't do it. Quote Link to comment Share on other sites More sharing options...
Alick Bannerman Posted June 20, 2015 Share Posted June 20, 2015 It’s obviously about common sense that one should be depending on Forex straight away for income, it’s a risky business first up so we must give it proper time and only then seek bigger profits. I started without any expectations, but as time went by thanks to OctaFX broker, It got me expecting a lot and thankfully I am able to achieve all that due to their support and luxuries which include the massive 50% bonus on each deposit that we make. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 21, 2015 Share Posted June 21, 2015 It’s obviously about common sense that one should be depending on Forex straight away for income, it’s a risky business first up so we must give it proper time and only then seek bigger profits. I started without any expectations, but as time went by thanks to OctaFX broker, It got me expecting a lot and thankfully I am able to achieve all that due to their support and luxuries which include the massive 50% bonus on each deposit that we make.But not all can do that because they have their own life. Some people start from forex and does not have any income yet so they will depend on the forex, so far i don't see anything wrong with it if in past i said something which is does not same like now it means my mind changed, forex is good but not forever it is just temporary. Quote Link to comment Share on other sites More sharing options...
myregister Posted August 12, 2015 Share Posted August 12, 2015 Tis is true because i know it by myself depending forex as your main income while you are newbie is risky since that will make you worry so much. I advise only depend on forex as main income if you have enough experience and a lot of capital around $2000 maybe? With that you can earn well monthly and even replace your old job. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 29, 2015 Share Posted August 29, 2015 You don't have to replace your old job even you earn better with forex, you still can work in your stable old job earning some adequate earning while keep forex as your part time job that give you double income, this will surely boost your income since you don't have to leave one of it, and if your forex business fall you will still able to back it up with your stable old job. Quote Link to comment Share on other sites More sharing options...
Decub Posted September 2, 2015 Share Posted September 2, 2015 A newbie shouldn't in any way, make that mistake. Depending on Forex for earning when you are still new is more like you are doing that which is unreasonable. That is simply because there is hardly a way you can get that which you desire to get when you don't understand how best to earn from the market and you don't have a back up means of earning. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 4, 2015 Share Posted September 4, 2015 Newbie have bigger chance to lose i think this is why not to do that, beside if you have more stable income as your main income that is better, just make forex as your side income that will maybe in future will bring more profit for you but still you have stable income too. Quote Link to comment Share on other sites More sharing options...
myregister Posted September 4, 2015 Share Posted September 4, 2015 It is up to the trader, since not all of us can do that just like some people here post. I do believe people who have good confidence and good skill for sure will make forex as their solely income, especially if their previous job is totally boring or use their physic so much. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 7, 2015 Share Posted September 7, 2015 @myregister:Â Of course up to the trader, but can you explain how they recover if they lose and get their account burnt? Well this is the problem when newbie think they can turn forex as their own main income while ignore the other variable they may get later. Newbie= not for main income, experienced or seasoned trader= up to that trader. Quote Link to comment Share on other sites More sharing options...
Stekin Posted September 7, 2015 Share Posted September 7, 2015 Newbie should not depend on forex to earn because one thing to know is that the trader needs to know how best to do it. As a newbie, to start depending on Forex, you need to get the knowledge first and get the best to make it work. Forex working for you is all about earning and this is basically because there is no good base of knowledge to earn. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 8, 2015 Share Posted September 8, 2015 It takes longer time for them to reach maybe some months or even few years. That is one of the reason why i think that a newbie shouldn't depend on forex as their main income, if something bad happen it will be disastrous more than i ever think. Quote Link to comment Share on other sites More sharing options...
myregister Posted September 13, 2015 Share Posted September 13, 2015 They can recover by take a loan or maybe just trying to find more money by working in the other jobs until they have enough money to start as forex trader once again. Your statement is true but remember this if that newbie has chance and potential should they don't take forex as main job? I don't think so. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 14, 2015 Share Posted September 14, 2015 They can recover by take a loan or maybe just trying to find more money by working in the other jobs until they have enough money to start as forex trader once again. Your statement is true but remember this if that newbie has chance and potential should they don't take forex as main job? I don't think so. Do you think that is really easy to take a loan? How about if they keep suffering? Foreign Exchange is not for hot money but cold money, the risk is high and you must ready to take it. This is why i think newbie who mostly have bad mental cannot survive and shouldn't take forex as their main income. Quote Link to comment Share on other sites More sharing options...
myregister Posted December 17, 2015 Share Posted December 17, 2015 It is not easy but that is worthy for trial. I see many people success because of take a loan. The problem is consistent profit. If you get consistent profit you may return that loan with some interest for sure. This is why i don't recomend depend forex as newbie because newbie vulnerable to lose. Quote Link to comment Share on other sites More sharing options...
gaban Posted December 17, 2015 Share Posted December 17, 2015 i agree, because do forex trading is need a deeply understanding, u cant do it by know nothing. if u do it without know nothing that mean u already know u will lose but u still trying to lose. Quote Link to comment Share on other sites More sharing options...
myregister Posted December 21, 2015 Share Posted December 21, 2015 i agree, because do forex trading is need a deeply understanding, u cant do it by know nothing. if u do it without know nothing that mean u already know u will lose but u still trying to lose. Of course you won't know anything if you don't understand it but what we are talking here is not that. Newbie shouldn't depend on forex as their main job as their main income. You cannot simply make a newbie earn hundreds or even thousand dollars in few months? It will take some time for them to reach that state, just with this we already know that as newbie our earning won't be so good and depend on forex as a newbie is the worst mistake ever. Quote Link to comment Share on other sites More sharing options...
Gee Dee Posted April 25, 2020 Share Posted April 25, 2020 As a matter of first importance, to hypothesize. We have already talked about the matter of hypothesizing in the markets. Alternatives are considered risky precisely due to the reality they can be utilized while hypothesizing. If a trader buys an alternative, he/she should be precise not just in determining the direction of the price development in stocks or currency pairs yet in addition the degree and the planning of this development. The trader ought to correctly extend not just whether the price of the fundamental resource will increase or decay, yet additionally to what degree the price will change and in what timeframe this could happen. Quote Link to comment Share on other sites More sharing options...
Mezigis Posted November 2, 2020 Share Posted November 2, 2020 A beginner must create the most comfortable conditions for himself in order to trade and not be dependent, but since there is no experience, it is quite difficult to do this, which is why Amarkets offers a RAMM service, thanks to which you can learn to trade at a professional level. Quote Link to comment Share on other sites More sharing options...
gds221 Posted November 2, 2020 Share Posted November 2, 2020 In general, in trading, much depends on the trader's experience. At least I'm still working with broker Amarkets, and experience has been gained with this company's demo account. Quote Link to comment Share on other sites More sharing options...
Doghma Posted November 8, 2020 Share Posted November 8, 2020 The trader must create and adjust his trading strategies to suit the trader's personality, trading schedule and risk appetite. Quote Link to comment Share on other sites More sharing options...
gds221 Posted November 8, 2020 Share Posted November 8, 2020 In fact, there is really no direct dependence. There are also traders who have long been on the market, and do not receive profit. Quote Link to comment Share on other sites More sharing options...
Rinanee Posted December 21, 2020 Share Posted December 21, 2020 If a trader does not receive anything, although they have been trading for a long time, it means that he is doing something wrong, so you can always use a good offer, like, for example, from the Amarkets broker, RAMM trading on ready-made strategies. Quote Link to comment Share on other sites More sharing options...
Liam Posted December 22, 2020 Share Posted December 22, 2020 My advice to beginners entering into forex is to keep your current job till you are familiarized with live trading and have grown enough experience that you are confident of winning on most high trades and also able retrieve if there is a loss. Quote Link to comment Share on other sites More sharing options...
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