0
122
In last twenty years forex trading change in many ways, you
dont need extremely big money to start with trading like before. Thanks
to computer and internet connection can start with trading almost
everybody all around the world. I'm trading forex spot market for more
than 3 years, so i would like to share with you main advantages and
disadvantages of forex trader lifestyle. All the advantages and
disadvantages are applied only for full time self made traders, who
trade only their own money.
Advantages:
1) Independence
You
can wake up when you want, you can trade where and when you want, you
can go for vacation when and for how long do you want. You dont need to
go into the office. So you are completely free. You are your own boss.
You can live where you really want and lifestyle, which you want.
2) Money
Successful
traders are making very good income, because they can produce profits
consistently and reinvest part of their profits. Their income potencial
is unlimited. (Sky is the limit) Thanks to bigger leverage than at any
other type of the market and lot of opportunities to trade you can make
really interesting returns.
3) Flexible working hours
Trade
like you want, many traders are able to make their profits only by
trading 4 hours a day and rest of the day they can enjoy their free time
with their families or friends.
4) Dream come true
Thanks
to working in regular job you can forget to buy for example your dream
car Ferrari, Porsche or Bentley, but forex trader can achieve these
cars.
Disadvantages:
1) Stress
Lot
of trading styles involve bigger level of stress that any similar job,
mainly intraday trading, thanks to its fast pace. On another hand you
are free, so you can regulate your stress level on the go.
2) Lot of hard work
It
is not easy to become successful trader, you have to spent really lot
of time to find strategy, which will suits to you. I think that first
two years are the hardest one, because you will have to go thru many
fails and broken accounts.
Conclusion
Trading
can give you chance to change your life, to fulfill all your hidden
dreams. But it is not like commonly for free, you have to at first
invest lot of time and effort to learn how to trade, how to become
profitable and how to be consistent. You have to have patience,
discipline and passion to become successful.
Why did you become forex trader?