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  1. Many people trade in Forex and they have many other sources of income. If you think this market is good for you because you can make plenty of money and you should leave the other market, you are wrong. This market is risky and you can lose your money anytime. Most of the people who have traded in this industry have many other sources of income and this article will tell you why it is not the right choice to make this your only income. You can think of the professional traders but they also have many other sources that you do not know. Most of these professional traders have invested their money in other places and they are getting an interest payment every month. If you are a common trader and think you should become a professional, you will still need other sources in your life. The new traders should always consider trading as their second source of income. Those who are trading the market as their primary source of income has intense experience in the retail trading industry. If you believe that trading is the perfect profession for you, you should take some professional training from the experienced traders. They will be able to give you a clear guideline so that you don’t lose any significant portion of your investment. Do you know why the majority of the traders are losing money in the retail trading industry? Most of them are trading with huge mental pressure. Before you consider trading as your full-time profession, you must have financial back up for six to eight months. This will give you mental relief which will eventually help you to take a better decision in the market. Trading CFDs is just like running a complicated business. You can’t afford to take steps without any organized plan. If you do so, you will have to lose money. Making mistakes at the initial stage is accepted but you should learn from your faults. Try to develop your trading skills and devote yourself to gain real-life experience. Concentrate on the basic rules of investment and trade safely. You can lose your investment any time The thing that makes this market risk is there is no way you can tell if you are going to make a profit in your next trade. Most of the people think they will make money but they lost their investment. It is common for the professional traders also. They also cannot win all the time and they have always their strategy developed in this currency trading. When you are thinking you will leave your office to concentrate on this profitable industry, also know you can lose your money. This investment that you are making is subject to market risks. This is why it is always advised to start trading with a small amount of money. It will keep your money safe and you will know you cannot lose much money. You need money to start again if you lost investment This is very common in this currency trading and many people lost their money. They do not stop and they open their account again. If you are thinking you will make this your only income source, how will you get the money when you lost it? You need to have another profession to make money that you can invest. If you are becoming professional, you can also give advice and give professional courses like the other traders for making money. This market is always risky and even the best traders cannot tell if they are going to make money in their trades. If you are doing office, do not leave and trade with doing offices. It will help you to keep your mood on. You will have lost money and if you do not have other works, you will be depressed.
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