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Nairaland Forum / Nairaland / General / Business / Why Becoming An Independent Forex Trader Is Appealing? (1654 Views)
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Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 6:08am On Feb 03, 2022 |
Kaesyrn: 2 Likes 2 Shares |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 6:09am On Feb 03, 2022 |
Kaesyrn: 2 Likes 2 Shares |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 6:10am On Feb 03, 2022 |
Kaesyrn: 2 Likes 2 Shares |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 6:10am On Feb 03, 2022 |
Kaesyrn: 2 Likes 2 Shares |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 6:11am On Feb 03, 2022 |
Kaesyrn: 2 Likes 2 Shares |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 6:16am On Feb 03, 2022 |
Kaesyrn: 2 Likes 2 Shares |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 6:17am On Feb 03, 2022 |
Kaesyrn: 1 Like 1 Share |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 6:17am On Feb 03, 2022 |
Kaesyrn: 2 Likes 2 Shares |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 6:18am On Feb 03, 2022 |
Kaesyrn: Drop a like and share if this was insightful, add your own opinions on what you think let’s relate… 2 Likes 1 Share |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Hero2t: 12:13pm On Feb 03, 2022 |
Financial independence and forex shouldn't be in the same sentence. 1 Like |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 2:06pm On Feb 03, 2022 |
Hero2t: Why do you say so sir, kindly vent in details… 1 Like |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Hero2t: 4:15pm On Feb 03, 2022 |
Kaesyrn: The simple fact that you can get stopped out of a trade and lose everything including your initial investments. Even with the best risk management and discipline in place, it is hard to make dependable income from forex. It is like futures in cryptocurrency. You can get liquidated and receive nothing for your troubles. The only ones really making money in forex are the brokers. 2 Likes |
Re: Why Becoming An Independent Forex Trader Is Appealing? by VlamesIffect(f): 4:22pm On Feb 03, 2022 |
I dun laff tire. Forex dun do Baba strong thing....he say financial independence amd forex no suppose dey same sentence.... 9 Likes 1 Share |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 4:24pm On Feb 03, 2022 |
Hero2t: Well I believe your conclusion is opinionated and on the contrary myself as a case study with the best risk management and discipline you will actually excel in this field of business… What’ matters isn’t big wins but consistent small wins… Follow how I experiment and try to grow a small $20 through day by day trades, currently scaled up to $40 in a week… https://www.nairaland.com/6934060/keep-achieving-everyday-forex-journal/1 1 Like 2 Shares |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Hero2t: 5:29pm On Feb 03, 2022 |
Kaesyrn: Sure. I will give your moniker a mention a couple of years from now so we can analyse how much the $20 has grown to. In my opinion, a business where one can lose everything even if the market price may return to it's original state is not sustainable. 5 Likes 1 Share |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Uuii: 6:04pm On Feb 03, 2022 |
True
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Re: Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 7:23pm On Feb 03, 2022 |
Hero2t: Lol I might have withdrawn it all by then but still thanks for sharing your view 1 Like 1 Share |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Joelobioha(m): 9:21pm On Feb 04, 2022 |
I'm currently learning forex with babypips..any advice for me 1 Like |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Hero2t: 9:32pm On Feb 04, 2022 |
Joelobioha: Yup. Go and learn stock trading or crypto. 2 Likes |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Joelobioha(m): 9:36pm On Feb 04, 2022 |
Hero2t:why stocks and crypto is it that they are much easier...ur advice is much appreciated.. 1 Like |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Hero2t: 9:42pm On Feb 04, 2022 |
Joelobioha: They are not much easier. You can try all 3 and decide which one works best. Crypto thread: https://www.nairaland.com/6318352/crypto-currency-investors-thread Stocks thread: Check the investment section. There should be one there. 1 Like 1 Share |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Joelobioha(m): 9:43pm On Feb 04, 2022 |
Hero2t:is it possible I learn the 3 simultaneously.. 1 Like |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 9:52pm On Feb 04, 2022 |
1 Like 1 Share |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 9:53pm On Feb 04, 2022 |
Joelobioha: Yes as long as you're committed 1 Like 1 Share |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Joelobioha(m): 9:55pm On Feb 04, 2022 |
Kaesyrn:OK..I needed to hear that..coz I love the currency markets... Thanks 1 Like |
Re: Why Becoming An Independent Forex Trader Is Appealing? by VeeVeeMyLuv(m): 5:08pm On Feb 10, 2022 |
Joelobioha: 1. Learn Forex 2. Learn your technicals 3. Learn & understand economic news release (if possible read & research maco & micro economics), read accounting also. 4. Learn, determine and follow direction of market! 5. Learn how, when to time your entry! Be bold to take risks. Fortune favour the brave. 6. Understand market structure, determine if it is in range or trend. 7. Discipline to remember & follow rules. 8. Patience to wait for period of volatility instead of gambling (trying your luck in range ) 9. Learn how to exit. 10. Read, read, read!!! 2 Likes 2 Shares |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 6:03pm On Feb 10, 2022 |
HOLYGRAIL. Trading is not a get-rich-quick scheme. It's a logical fallacy. It is untrue. It's a bad way of thinking. It's a load of nonsense. Work on your Emotional Balance, Patience, and Psychological Stability. Keep your cool and don't chase Price. Finally, Sound Risk Management is what allows it all to happen. You will save a lot of time and money if you manage your risk, and you will be unconcerned about what the Market does to you. The industry guideline is to risk 2% of your capital per trade. I utilize 1% for each trade position. But, because you want to show your friends that you're the finest in town with your Rolex watch(es) and fleet of cars, you go home broke. Be prudent. Stick to the guidelines. Human psychology is a food source for the market. You will worry less and build patiently over time after you have the correct Risk Management in place. With a risk of 1-2 percent of your cash, 25 pips per week guarantees 3-6 percent in a month. That's a good place to start. With a capital of $1,000, you will be a millionaire in USD in ten years. Take advantage of such discipline. Greed should be avoided. There is no other way to put it. Adieu. 3 Likes 1 Share |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Joelobioha(m): 6:31pm On Feb 10, 2022 |
VeeVeeMyLuv:Thanks you very much indeed sir..I'll take this to heart. 3 Likes 2 Shares |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 3:28am On Feb 22, 2022 |
Kaesyrn: 1 Like 1 Share |
Re: Why Becoming An Independent Forex Trader Is Appealing? by Kaesyrn(m): 1:15am On May 06, 2022 |
You should be able to comment here Cc. @DannyFX2638 1 Like |
Re: Why Becoming An Independent Forex Trader Is Appealing? by DannyFX2638: 5:08am On May 06, 2022 |
Kaesyrn:yeah |
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