What is your goal as e a trader? Some of you may aspire to become full-time traders. In the sense of being able to leave his conventional job and focus on being a trader. It’s really interesting. Who does not want to work with flexible time, enough from home but with abundant income?
It seems like everyone wants it too. However, is being a full-time trader that interesting?
Trading for living vs Trading as a hobby
Trading for living experienced by full-time traders will be different from the experience of people who trade just for fun. The fact is, being a full-time trader has many advantages. This work can be done anytime and anywhere. Besides, you are not bound by the necessities as in conventional work. However, it still feels different between trading as a hobby and trading to pay bills. You need to have a strong mentality as a trader to make forex trading as the main job.
Maybe some of you still make trading as a hobby and trading according to your mood. But, trading with unstable psychological conditions can endanger the account. When psychological conditions are uncertain, you should choose to calm down before starting to trade again.
Now, because trading is closely related to psychological, then to make trading as the main job, you should have a stable mental and psychological condition. Just imagine if you already rely on the main income from forex trading, while emotional and psychological conditions are not stable, can you easily get consistent profits?
Are you ready to face the consequences?
If you want to become a full-time trader, then you must be prepared with all the consequences. According to Wealth Within, to be a full-time trader, you need to combine a high level of knowledge with experience. In fact, forex trading carries a very high risk. Indeed, we can manage this risk with a variety of technical mastery. However, making trading as the main income contains a greater risk of income uncertainty than conventional types of work.
Making trading as the main job is a dream for most traders, especially for traders who have already fallen in love with this activity. Imagine how fun it is to be a full-time trader, doing something that is fun and can be done anytime and anywhere.
Some traders even aspire to live in a quiet and comfortable remote place, provided there is an internet connection and all their needs are met. However, you must be able to understand and handle the consequences of the decision to learn to become a full-time trader.
Read more: Simple Ways to Improve Your Trading Results