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    Thread: How to make Forex the primary source of revenue?

    1. #31
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      It is possible but not from the very first day, the reason is in the start it's not possible to earn living from this business one may start earning in the very first months of the trading but he will remian unable to earn the profits which are necessary to meet the living cost. I believe that there is a need for a slow and steady start with the learning to achieve the final target and then the trader can fully depend on the trading business.

      From the very start of the trading career if trader remains focused on the learning and makes a learning path then it will become possible for him to earn his living from this business. In fact here most of the people start it as a part-time business and then makes it full time when they become sure that they can make some profits from it which is enough to meet their living expenses. It is possible


    2. #32
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      The main income of each person depends on his / her personality and his / her practical and scientific life
      I mean, do you have good educational skills to get a good job or not?
      It depends on many things
      But in many cases, forex can be the main and main income, it depends on the income and whether you profit from the profit significantly or not
      Forex is easy and simple and not complicated but it needs patience and fatigue and it can be the main source and the basic of every human being on earth


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      Quote Originally Posted by alexthedefender04 View Post
      There are two ways.

      The first way, that is the most difficult, is work for an investment fund. It can also be a bank, or any other fund that is engaged in multiplying the capital of its investors. In order to get into the staff of such a company as a trader, you should first gain experience in trading on the exchange, and secondly, the ability to earn on this very stock exchange. Moreover, the forex market in cooperation with investors' capital in such companies is far from the main field of activity. The staff recruiting traders focus primarily on the fact that the work is conducted in the open market. Those who have experience of trading only in the so-called "backstage", where the traders' capitals circulate inside the brokerage company are eliminated without entering the open market. Mostly.



      The second way, a little less complicated, but no less labour-intensive, is work for yourself. A trader decides independently in which market he/she will earn, how he/she will earn, and what instruments he/she will use. This requires start-up capital. Many traders feel great when trading in the above mentioned "backstages". The main condition when working with such brokers is unconditional withdrawal of funds in due time and high quality of services providing access to financial markets. To tell more truly, such brokers provide traders only with quotations and an artificially created for trading platform, but it will be enough to form a reasonably high and stable income.

      If a trader is principled in a trading platform, he/she chooses only those brokers who provide access to the open market. But such companies, as a rule, have low level of leverage. This means that quite a large deposit is needed if a trader expects to earn substantial sums of money.



      In both cases, there is one unchanged condition, without which a trader won't be able to make financial markets in general and forex in particular the main source of his/her income. This condition is experience. This is not just a length of employment, no one will ask you about it, you need a clear understanding of what you do entering the trading platform.
      Forex such a business that is very profitable but high risk. The past ONLY the big banks can trade in forex market. But from the 20th century forex business was open for all people. Than also there trade only rich people. But when internet was spread in the world than people can know about forex gradually and the start trading in the forex market. They also can understood that forex is not easy. For get it they need much study and knowledge. So if we want to get revenue from forex than we must need hard working.


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