Currency trading, you are luckyJohannes Röll 02 / February / 20 Visitors: 401
Currency trading, you are lucky!
Many believe: currency trading is a popular profession of the 21st century. It really is. In the era of indiscriminate computerization and the development of the technology sector, many have come to the conclusion that they like to work from home, and it brings maximum pleasure. The lack of direct contact with management and team members allows for maximum focus on important tasks. You can choose your own time of rest, and the volume of earnings depends solely on the trader's ability to adjust to changing Forex conditions.
What is currency trading and what does a trader do?
Specialists say: a new profession opens new opportunities for its adherents. You enjoy high earnings, gradually making steps towards freedom and independence. Knowledge and practice are necessary, but all this will come if you do not intend to deviate from the once planned course.
What is the job of a professional? At first, he studies the basics of the profession: he gets acquainted with new terms, reads theory and tries to apply advice in practice (demo account), is inspired by success stories of famous traders. This process is quite long and takes at least several months.
When the first victories start in the trading simulator, it's time to switch to a cent account. Here you will see the fundamental difference between ideal conditions and real market ones. You will have to feel on yourself what are requotes and slippages. What's good - the money costs will be very modest, because you will only make symbolic bets to win. Currency trading.
It will take some more time, and you will want to earn really serious amounts. Switching to a full live account is justified if you feel strong enough to move on. To realize your dream, reliable brokers offer leverage - in most cases it comes to the ratio of own funds to borrowed as 1:1000. This means that for every own dollar, you will receive a thousand "green" from your service company. Do you feel how many times your options have increased?
Such a service from a broker is needed so that trader's deals can be brought to the international currency market. And the minimum price of a lot on the interbank is equivalent to 100 thousand dollars and more. Of course, you can also trade fractional lots - 0.1 or 0.01, if this approach is provided by your broker. But then the profit will not be so big - you should understand it. Although, the risks will be reduced.
Working as a highly paid hobby
The working day of a currency trader starts with technical and fundamental analysis of financial instruments charts. Important news in the economic events calendar are reviewed, and their possible impact on the selected currency units is assessed. It is at this moment the trader makes a forecast: he tries to predict how the price will move in the near future: in the sideways, will go down or will go up. To make the process of thinking more pleasant, you can make a cup of fragrant natural coffee. Currency trading After all, you yourself are responsible for the results of your work and rest, and have the right to get big and small joys from life! Currency trading.
Now you need to start working on your trading strategy: connect the indicators or focus only on technical patterns and candlestick patterns. Modern trading teachers focus on support and resistance lines, offering to trade on the rebound or breakout of borders. It's up to everyone to decide which option to choose from the offered ones.
It is very important in your work to be sincerely interested in the process. Just think: you can test your ability to make accurate forecasts! Get the joy of every guest price movement, and earn on changes in currency rates! After all, if you enjoy trading, this activity will become a highly paid hobby for you!
Advantages that an unusual job gives
Unlike the traditional form of employment, you:
It's up to you to decide when and how long you work. For some it will be an 8-hour working day, for others it will be three or four hours in a European and American session, and for others it will be a few successful night trades, although at night the market is low-latvian.
You can start trading with a symbolic amount, gradually increasing it or reporting money. This approach is strikingly different from the promotion of own business, when at the initial stage requires large investments.
As a Foreign Exchange trader, you have a chance to make unlimited profits. You can play up and down, so the result depends on market conditions and your ability to maneuver in the flow of quotes and important information.
Right to work from home, in a comfortable environment, saving time and nerves to move to your destination in transport. At home, you can always take a break for a short rest or a meal, make an important call or solve other important tasks. Currency trading
What's more good - the broker provides a convenient terminal for trading (for example, Metatrader 5), many financial instruments, different types of accounts, and allows the use of leverage.
Summary of .
Currency trading and much depends on intuition, based on a wealth of practical experience. You must learn to feel the market and take into account, besides the economic events of a particular day, also the processes that take place in macroeconomics. It is good, if you have a tendency to exact sciences and game, know how to observe self-discipline, do not give in to excitement, and act reasonably. Additional advantages - excellent memory, resistance to stress, the ability to concentrate and distribute attention.
A currency trader is a person who benefits from changes in currency rates when working in the Forex market. With due diligence you can reach a stable income and enjoy all the benefits of life. It's up to you whether you really want it or not.
Section: Useful from Tagging Analysts: Rich Traders, Currency Trader, Programs + for traders, Trader Psychology, Trader Trade, Trader, Trader Chart online.
Johannes Röll was born 1978 in Brilon,Germany. Graduated RWTH Aachen University. Over the past ten years he worked as Head of the plastic card team, where he was mainly responsible for the development of the distribution, Head of sales Department and Financial Analyst,where he got experience in planning and support sales figures for branches. For the present he works as freelancer