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Everyone actually not just newbie, i feel that newbie also need chance to feel like what to trade full time even you know maybe they will lose but this is an important lesson for themYes Indeed, a newbie who is starting in the Forex Market can actually make some serious money out of it but it all depends upon how much time a newbie is spending in the market and if he is working hard then he can achieve success.
As for newbie actually they have more choice, since they are new and can do some experiments with full or part time jobs, and i assume that not all newbies have other jobs before, some maybe just graduated from university or unemployment, and if that is the case then full time job is the most suitable for them.Yeah It depends upon the Individual traders how they want to trade the market, not all the newbies but also other traders who are trading the market can trade part time as well as full time, it depends upon their choice as well.
So it is all depend on the individual willingness and also it is better if those newbies also know the risk of trade as full time forex trader, they must sacrifice more of what they have like time or even their education. After all, it is all about preference isn't it?I agree with this that trader who are entering the market, all the newbies can trade the market full time also because there is nothing like that all the newbies only need to trade the market part time or stuff like that.
First what is part time and what is full time trading? Because if you read forex trading books theirs no such thing as part time and full time trader. Theirs only a day trader and a long term trader. Does it mean if you are a day trader you are full time trader? If you are long term trader you are a part time trader?I also don't agree with the statement that newbies only need to trade part time and they don't need to trade full time, but a trader who is starting his journey in the market need to trade full time in order to get the feel of the market.
Is trading full time to you it to spend 24 hours a day trading? Is spending just one hour mean to you that you are trading part time? In forex trading we don't count how much time we spend online to trade to consider ourselves full time or part time trader. Its all about how long you hold your position. Theirs a day trader and a long term trader. A day trader usually use scalping strategy and a position can last in 5 minutes to few hours. Depends on how its TP target. A long term trader has higher TP target resulting to long holding period.For the start no one is asking you to trade full time or give 24 hours a day to trading but you need to give decent time to the market so that you can make some good profits in the market and make some good money.
Its really not about long term or short term trade. Its about how good we are in basics forex trading. When I was a newbies its took me three months to make profit trading long term. But its took me a year trading scalping to make some profit. So I learn and earn faster in long term trade than in short term trade.
I agree that you had better choose broker carefully. If you are not look for broker promos, you will have risk to pass over no deposit bonus $500!