Trading as a hobby

[Nilde Lucchese]

It's a difficult decision to choose forex trading. It puts too much pressure on the trader's mind. To avoid worrying about forex trading, think of trading as a hobby. It's safer and easier to manage. New traders should start trading on demo and many brokers like Eurotrader offer it. There are also 5 types of accounts, including swap-free accounts with this broker.

[maspluto]

managing existing funds and risks must be able to be considered properly, this is done so that traders can be more leverage in getting the security and comfort of trading while on a real account with Tickmill.

[Resolve]

1 hour ago, maspluto said:

managing existing funds and risks must be able to be considered properly, this is done so that traders can be more leverage in getting the security and comfort of trading while on a real account with Tickmill.

We will need to learn how the Risks that are present in the trading can start to come down for us.

[Mrsooduraske]

In my opinion, Forex trading is a real job for us and we can earn a lot of money if we have good knowledge and experience of Forex business, so we need to learn this business properly with the help of a demo account and then become a good trader in this industry. 

[Resolve]

On 12/27/2021 at 8:13 AM, Mrsooduraske said:

In my opinion, Forex trading is a real job for us and we can earn a lot of money if we have good knowledge and experience of Forex business, so we need to learn this business properly with the help of a demo account and then become a good trader in this industry. 

We should try to improve our knowledge in the foreign exchange market so that we can start making profits.

[Mrsooduraske]

It is both a job and a hobby, because a person without more knowledge and experience takes the trade as a hobby and is not certain of earnings from trade, whereas a trader with good knowledge and experience of trade earns good money from trade and takes the trade as their main job. 

[uncle gober]

Existing experience must be able to be considered properly, this is done so that traders can be more leverage in getting the security and comfort of trading while on a real account with Tickmill.

[Hanan Öberg]

For me, it’s all about my profession! I think, Forex is more challenging as a hobby job! Because, there is no way to make easy money here! This is why I spent my demo trading account so seriously to learn Forex!

[Hanan Öberg]

On 12/27/2021 at 8:43 AM, Mrsooduraske said:

In my opinion, Forex trading is a real job for us and we can earn a lot of money if we have good knowledge and experience of Forex business, so we need to learn this business properly with the help of a demo account and then become a good trader in this industry. 

Absolutely, there is no way to earn regular money as a hobby trader! In Forex, more than 90% traders are struggling, so don’t try to play with your money by testing your luck!

[Dora Wi]

It's somehow hard for me to think about trading as a hobby. Even if you enjoy doing it, it comes with a lot of difficult situations and stress.

[Eraser]

If the profit from trading is more than from working for hire, why not think about quitting your job and go into forex trading. If these conditions are not met, then for now you can consider btrading as a hobby.

[Mrsooduraske]

It helps me to earn nice profit every month.I can't imagine that there is a successful trader who considers forex trading a hobby.Forex has been my toy since i haven't been able to turn bankable and this does not bother me in the slightest since i relish it as a passing moment,rightful such as a trip,I am right aspiring to turn bankable someday. 

[uncle gober]

The selection of the existing broker must be able to be considered carefully, this is done so that traders can get more leverage in getting the security and comfort of trading when they are on a real account together with Tickmill.

[David Meyers]

Forex trading cannot be a hobby of someone. But if so, this hobby will not remain vivid for long. Forex trading is the toughest journey of a person’s life and those who are traders can feel how hard it is to survive in Forex. Here, a trader needs to think differently every single day.

[maspluto]

The selection of the existing broker must be able to be considered properly, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from Tickmill.

[Breed]

On 11/28/2021 at 6:55 PM, maspluto said:

managing existing funds and risks must be able to be considered properly, this is done so that traders can be more leverage in getting the security and comfort of trading while on a real account with Tickmill.

The reason many Forex traders lose money is not simply due to inexperience or a lack of knowledge of the market, but because of poor risk management. Proper risk management is an absolute necessity to becoming a successful trader.

[pradegxs]

When you feel that your trading system turned trading into stable source of income (usually it happens after 2-3 years of dedicated research and backtesting) you can make trading your full time occupation. This is how I made trading with Hotforex my primary business. 

[Golden Sark]

Newcomers should focus on others inevitable part of trading besides acquiring good trading knowledge.  Controlling emotions , avoid revenge trading , overtrading , money management ,RR and much more things they have to observe for avoiding unfortunate loss.   
 

[uncle gober]

the funds and risks that exist must indeed be able to be considered properly, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from Tickmill.

[Cultine]

There is nothing better like trading as a hobby. It is the perfect way to learn about the markets, to develop your own investment strategies, and to make some extra money. Plus, it is a lot of fun!
Trading as a hobby can be a great way to supplement your income or even to replace it entirely. If you are good at it, you can make a lot of money. But this hobby must be taken seriously.