I will recommend not to venture into full time trading forex for a living unless you can assure yourself that the profit you can possibly gain is 10-100x your current income.
Why this 10-100x? Because when you do it for real with live account and the food on the table, the bills is on the line and so much more is at stake the psychological pressure is manifold on you at a must perform expectation. With scared money like this you normally underperform badly.
The same goes with saving a large sum of money from our daily jobs, speculating hard earned money on something as uncertain as the forex market is scared money.
The only way to go around this is the trader must have extra good reason why he wants to do this, this 'reason' will drive him to generate from within himself whatever that's required to rise above what normally ordinary folks will do to break this barrier of seeming impossibily of speculating the forex market. That's the 10-100x or even 1000x we must rise up to to give ourself a chance to reallise our goal. That's the prudence we execise when our financial future is on the line. Just sharing my 2cts.
Why this 10-100x? Because when you do it for real with live account and the food on the table, the bills is on the line and so much more is at stake the psychological pressure is manifold on you at a must perform expectation. With scared money like this you normally underperform badly.
The same goes with saving a large sum of money from our daily jobs, speculating hard earned money on something as uncertain as the forex market is scared money.
The only way to go around this is the trader must have extra good reason why he wants to do this, this 'reason' will drive him to generate from within himself whatever that's required to rise above what normally ordinary folks will do to break this barrier of seeming impossibily of speculating the forex market. That's the 10-100x or even 1000x we must rise up to to give ourself a chance to reallise our goal. That's the prudence we execise when our financial future is on the line. Just sharing my 2cts.