Forex as sports hobby

[Lee Mark]

I love cricket, for me cricket is hobby but Forex is my profession! Yes, I enjoy my trading when I make consistent big TP’s. but it’s not fun; not at all.

I think, Forex is one of the most challenging profession! So, there is no way to make fun; in my early stage when I made 4-5 TPs in a row, then I lost my momentum! As a result, I faced huge damage! But now, I am very honest on my trading plan.

 

[Oscar Shumack]

According to me, Forex is the most profitable online business in the world now a days.

 

[Cooper Truebridge]

Gaining knowledge in Forex trading is essential. The trader can never advance without acquiring knowledge. So if you want to gain profit, you need to develop skills.

 

[Kazumu Fukunaga]

Forex can not be hobby as one needs to take it seriously. Risk is involved here. One can lose all the money. That's why everyone should take it very seriously.

 

[Kevin Vogt]

Forex can not be a hobby. To make consistent profit, you have to be among the 5% to 10% people who are successful. By taking it as hobby we can merely be a player but not winner.

 

[Smash Fun]

Becoming a forex trader is worth it as it can potentially bring profits and help you increase your wealth.

 

[Alicia Lynch]

The profit I make by trading Forex gives me a lot of financial support. So I take Forex trading as a hobby. Because in every case in Forex trading I have to accept the challenge. Which seems very interesting to me.

 

[Oscar Shumack]

Trend and market range detection should get the highest level of priority because it helps tarders forecast the market movement.

 

[Eduardo Lucchese]

To capture the market trend, you can use indicators. RSI, moving average and Bollinger bands seem to be good indicators.

 

[Alexander Hudson]

Brokers take commission from traders in the form of spread, which lies between ask and bid price.

 

[Bahiya Shinam]

Your trading approach should be modified over time.There is no compliant about traders’ trading approaches but the question is how much a trader knows about his selected trading approach.

 

[SaadBinToha]

Some currencies are not volatile whereas some others are highly prone to volatility.

 

[Eduardo Lucchese]

Whether you trade forex seriously or as a hobby, you have to understand the myth of finance before entering the market otherwise the market won’t come in handy for us.
The ongoing financial situation around the globe isn’t going well and many countries are even sunk into loan. During this period, you have to be careful about your trading.

 

[Eduardo Lucchese]

Some traders take forex as a sports whereas some others take it as a professional business. It’s up to you how you will consider the market.

 

[Oscar Shumack]

In Forex, the tactics of hedging is used to protect one’s position in a currency pair from an adverse move. I don’t like hedging indeed.

 

[Alexander Hudson]

Actually, monthly earning percentage varies because forex isn’t a job but it falls in the category of a business.

 

[Oscar Shumack]

Forex shares unlimited profit to traders but better forecast over the market is needed to earn profit on the market.

 

[SaadBinToha]

Taking forex as a sports will lead you to consistent losses. If you have good trading knowledge, you can carry handsome amount of profit.

 

[Oscar Shumack]

Lack of knowledge leads a trader to failing in trading. New traders don’t try to earn knowledge to flourish their career.

 

[Anele]

Serious people are even failing to capture the market let alone those who take Forex as a sports. Much determination and analytical knowledge are required for better trading.