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Can Forex be a full time job?

YES! Forex can be a full-time job. However, before quitting your other job, you must first become a successful part-time trader. Once you have started seeing some consistency in your monthly profits, then you may think about making Forex your full-time job.

Statistically speaking, you will need to have about $30,000 - $35,000 in your trading account in other to consider yourself ready for full-time trading.

If you are still convinced that becoming a full-time trader is what you want, here are some steps to follow:

  1. Study everything you can about Forex online.

  2. Understand the meaning of candlestick patterns.

  3. Learn to use a moving average and other technical indicators.

  4. Execute your trades using price action strategy.

  5. Use stop-limit order, stop order, profit limit, and stop-loss to manage your risks.

  6. Stay up-to-date with Forex news, views, and analysis by experts.

  7. Follow the weekly economic calendar available online.

  8. Deposit real funds and start trading with real funds. Start small and grow your account with real funds; it is the only way to learn to trade Forex correctly. In the process, you have to learn to overcome your sentiments like greed, fear, and impatience.

  9. Finally, try to invest with a reputable Forex broker.

Can Forex be a full time job