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Forex trading is a very profitable profession

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Forex trading is a speculative activity and not a business as most people believe. It is a very profitable profession as long as the trader gives his heart and mind into it. No other profession offers this much flexibility in work timings. Chooses the right broker is important. That’s why I am trading with Eurotrader which is a regulated broker.

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Position sizing is important in forex trading. Traders need to set their trading position or lot according to their risk-taking. Sometimes traders increase their position if they are winning which is wrong. It may blow your whole capital. So, be careful. Don’t take so much risk which you cannot handle. I am trading with Forex4you. In their micro account, they allow a minimum of 0.01 lot to a maximum of 10 lot which is perfect for new traders.
 

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22 hours ago, Jo Eshuijs said:

Position sizing is important in forex trading. Traders need to set their trading position or lot according to their risk-taking. Sometimes traders increase their position if they are winning which is wrong. It may blow your whole capital. So, be careful. Don’t take so much risk which you cannot handle. I am trading with Forex4you. In their micro account, they allow a minimum of 0.01 lot to a maximum of 10 lot which is perfect for new traders.
 

I would like to say that Position Sizing plays a very important fact in our Success 🙂

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  • 1 year later...

Yes, forex trading is definitely profitable profession if you can make the best trading decision. Traders should take time to understand the market properly. Then they should go for live trading. Make Eurotrader your trading partner to enjoy a whopping 111% deposit bonus. They offer an easy-to-use demo account for traders.

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On 8/27/2021 at 1:44 PM, Dora Wi said:

What do you mean it is not a business? It has its perks to view trading as a business in my opinion.

Those who have learned and acquired skills of a successful trader eventually leaves everything else they usually do for a living and shifted full time to trading..

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Success in forex is not as easy as imagined, everything requires process and time. Therefore, as a trader, it is best to continue learning and practicing, so that later on, the trader can understand everything about forex and maximize their trading on a real account with Tickmill broker.

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Traders are fond of different trading approaches. In Forex, every attempt is useful at different situations. Hedging sometimes protects traders from breathtaking market situation. However, it sometimes puts traders in a dilemma. However, at time, both hedging and gambling are effective. On the platform of Eurotrader broker, you can apply any trading approaches you want.

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 If you use scalping technique, you broker must be fast, no requote and have low spread, if you don't know what broker is good, I recommend you to join FreshForex, because FreshForex offer you scalping account type, I mean there is 0 spread, no requote no rejection and your execution will done in 0.01 secs. Try it today.

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