How is Forex as a profession?

[Dita Walczak]

Forex can be a good trading profession, allowing traders to earn more sitting at home. Better result is the result of patience and perseverance. Cultivating these qualities is essential for traders. To come out of this problem, traders have to be very much cautious and should seek advice from those who already succeeded.

 

[moonchild]

Yes, patience is one of the most important trait a trader can cultivate, there's no way you can be a professional in any field without patience, it is understanding that with time you're going be making some silly mistakes and you have to be patient with yourself to scale through.

There are also times where you won't see any edge in the market and you will have no option but to stand still in the market and do nothing, it takes patience to do that too, newbies can cultivate patience in a small dose by not being in the market all the time.

 

[Asahi]

Forex trading can be both rewarding and challenging as a profession. Success requires a deep understanding of market dynamics, risk management skills, discipline, and continuous learning. It offers flexibility but carries high risk due to market volatility.

 

[Leah Kelvin]

Being a forex trader by profession needs an understanding of economic indicators, world markets, technical analysis and risk management. It is important to keep learning and know what is happening in the market all the time. The good thing about it is that one can choose where they want to work from as long as there’s internet connection but at the same time one has to take responsibility for trading decisions made and their outcomes also. Currency pairs have high potential for profits due to their volatility whereby those who win use good strategies. However this means there are big risks involved with such kind of trading because losses can be massive too if not managed properly which shows why discipline should always be exercised alongside risk management skills while dealing with highly unstable markets like Forex.

 

[btaliat]

Forex is truly a scheme to be considered as a profession. But it is not a decision to be taken out rightly. There should be some indications that will show that truly we need to see it as a profession before we delve into it.

We must be able to know how to interprete data and find joy analysing data and graphs before seeing forex as a profession. It is a profession that is to be borne out of passion and not really money.