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

    1. #1
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      Default How to make Forex the primary source of revenue?

      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.


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    3. #2
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      Frankly i don't believe in making Forex our primary source of revenue because this business is not easy business and at any time we may lose every thing even if we have big experience and knowledge and at same time there's no any thing we can guarantee it in Forex because we may keep making profits for years but at any time we may lose all these profits we have to know this well .

      So i see that we can consider Forex as our second business not our primary business and we can depend on it to increase our income only because if e depended on it totally we may face problems in the future if we lost our balance so considering it as our second business better than considering it our main source to income .

      But if we don't have any other business and we had to depend on it totally we have to make more things avoid losing all our money in it when any problem happen as :
      1- Dividing our balance to at least 5 parts and when we lose the first part we can make deposit with the second part to keep trading with it .
      2- We have to trade with money management and very low risk to keep making profits without any big loss if we traded with big lots .
      3- we have to avoid the greed and the emotions that may lead us to the big loss .

      So making Forex our main source to income is very hard but we can if we worked hard in the learning .


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    5. #3
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      Becoming a professional forex trader or trading as a source of income isnít likely to be easy process for most people. It takes a combination of many different skills all coming together to really hit the mark. And to build own success is no mean feat.
      unlike other professions, trading has the potential to determine the development and growth of an individual.
      And any trader that doesn't develop when trading is not going to reach any successfully.

      So what are the things we need to do to trade forex as our only source of income.

      1.The first thing we first must have is PASSION AND Ambition to trade forex, we can't just trade forex without having trading zeal for the market.
      2. We need to have am outstanding forex knowledge before we can decide to trade forex as our only source of income.
      3. We need to have a very good trading capital that can yield us a very good return on a monthly or weekly bases.
      4. We also need a very good trading instrument or equipment for better trading


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      Making forex the primary source of revenue is quite realistic, and some traders have been doing so successfully for a long time.We can make forex the primary source of revenue by first putting in place those things that are needed to do so

      The most important is the forex trading skills and experience, without which making progress will be extremely difficult. The trade should not spare any expense to learn and become competent before trading live forex account.

      The investment capital is also an important consideration, as a trader will be unable to put the skills into use in the forex market without having access to capital with which to fund the forex account.

      Forex trading, like most other business requires some equipments, such equipments as computers and infrastructures like electricity and high speed internet access are needed for forex trading. The trader must ensure that these are available in the location to be used for trading.

      An ambient environment is also necessary so that that the trader will trade in comfort and without distractions.
      POSSIBILITIES ARE INFINITE IN THE FOREX MARKET, YOU CAN ACCOMPLISH ANYTHING !


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      Actually when we able to earn money from Forex it can be primary source of revenue.But the problem is that we cannot easily get profit from this business.As there is no sure success strategy in this business and hidden system that we use and get success, we have to use different Forex system.We should not think Forex a silly business like other,it is the most effective and active business in the world which also follow good system but we have to find the system which actually support us.When we able to hold our capital strongly or manage our capital welly we can continue this business.


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    11. #6
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      It is surely possible to treat forex as a primary source of income because we can classically say that it can either be done as a job or business dependent on the way we choose to trade, if we take forex as a full time job, it means that we will be expecting some very good results from our trading. But what would guarantee that we achieve our independent goals is the enthusiasm and commitment which we invest into the forex market in search of knowledge, this is what gives us greater probability to earn better than anyone else. If we choose to adopt forex trading as a primary source of earnings, I don't see anything bad or wrong about this decision, although we need to sure to have been fully prepared about the market itself.


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      Before making forex your primary source of income, there are a couple of things which must be considered first so that your decision won't be one that will be regretted, before forex can be your major source of income, you must be sure that you understand the various risks that are involved.

      Making this decision abruptly without giving it a wonderful thought can lead to many things among which is your responsibility to accept the margin call that could result. Learn from professional traders after you have trained well through the demo account, some traders tend to ignore this aspect which I think is not the right approach.


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    15. #8
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      Realizing the dream into reality is not as easy as turning the palm of the hand but it does not mean it can not be achieved. When we want to make Forex as a major source of income then required a lot of effort to achieve something like that in the trade. Indeed looks impossible because we know if forex trading is high risk business type. In my opinion to make Forex major source of income should focus only on forex trading if we still make Forex as a side business then it will be difficult to make Forex as the major income for us. Focusing with 1 business may be better because we will not share our thoughts with other businesses and if our main business is Forex then need to focus and not need to do other business. In addition we must also dare to face many hurdles and failures to be able to make Forex as the main source of income. Great achievements will also require great effort.
      don't use Luck in the trade but it would be better to use Greed
      hoping for something without hard work will not give anything

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      If you are going to make Trading the main source of income, then you should be serious in this business. But in our view, this Trading can be done anytime and anywhere, without having to spend hours sitting in front of the Computer. You can also do other activities / business.
      This trading can be done anywhere and anytime. You can trade on existing sessions that are considered free from your work. In this trading there are sessions Asia, Europe and America. Trading system can you choose, Scalping, Intraday or Longtrem.


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      Forex is a high risk business where there are too many people they lose, so before you think that all your challenges will be solved because you are a forex trader, I suggest you think carefully because that might not be exactly what you reasoned. Forex as a main source of money can put some immense pressure on you.

      Many traders don't understand what they are investing in before the delve into the live account, as a matter of fact some believe that the demo account is not even necessary because it does not constitute what leads to earnings, I can make the forex business my primary revenue source because I understand that there are potential which is of course accompanied by greater risk which needs to be taken.


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