Can you live on income from Forex Rebates trading?

 

Business,Business Opportunities,Investment Is it worth it and rely on this source of income? Question 1: Is it easy to work and earn money in Forex? For over 8 years in the Russian sector of the Internet and in the CIS has cultivated an image of the Forex Exchange as a source of light and a lot of money. I must say that this can be done very successfully, and with each emerging dealing center image, this only intensifies. This situation is quite logical since new inexperienced clients are feeding their coins DC Directorate. I believe this outrage will not soon, if ever, ever stop. Don't believe the hype. Work at the Exchange is highly complex. The reason is the extreme individualization of work performed.Always use forex rebates companies. If in the normal business for the company's income has tens or hundreds of employees, the gains and losses depend on a single person-from the trader, Manager of deposit account. If someone makes an error, it would a more experienced employee or Manager, and the error is unlikely to be catastrophic. While working on the stock exchange, trader is free from the bosses, but also the responsibility of all your weight falls on him. In order to master almost any "Office work" need some ability to think, and if there are abilities you can move up the career ladder. If we are talking about the craft have to master the skills of management body (hands). In the case of the Forex situation is radically different. The lion's share of the work will be focused not on the body or the mind. Need to transform feelings, emotions, change some aspects of his personality, to learn to remain in a State of mental balance, not responding to movement the market emotional. Formation of qualities such as self-control, freedom from greed, anger, greed, despair, even within work on Forex is not easy and very long. Oriental religion taught in all situations "start with yourself", that is, the search for causes in their own failings. If notice is the source of all the vicissitudes in itself difficult, then working at Forex, everything is obvious: if entering the market was dictated by the desire to earn 100 points rather, they will be lost. What is the motivation of entering the market for beginner? About! Now the market will go there and you can make it! Experienced traders are different. Yes, they are not indifferent to profit, but entering the market is exceptionally optimal conditions for this. The amount of profit on the transaction they are interested in a little. An experienced trader, as a caring gardener, plucks only the ripe fruits, which are the most optimal entry and exit points. Thus, the major difficulty of the work on the stock exchange is that the trader will have to synthesize a new challenging the quality of the individual. While there are many areas in which the work does not require such intensive work on yourself, and the level of wages is quite enough to live comfortably. Question 2: How long you need to be at your computer, tracking the movement of exchange rates? Traders with high level of proficiency in technical analysis can afford to make several transactions every day, earning up to 300 points per day. At first it seems that the only way and need, but that form of work at Forex can be compared with the acrobatic elements skaters performances or gymnasts. For professional athletes, this is the daily routine, but for a man unprepared may end fatally. In trading, the situation is similar. Trader of such extreme to anything. Much safer to enter the market only in pixels the most predictable movement of the market: the point of intersection of the long-and medium-term, strong levels of support channels or resistance and so on. Such situations are formed from several times a week to a few times a month, however, good enough to receive a small but steady income. There is no need to be at your computer, tracking the slightest price fluctuations. Question 3: Can you live on income from Forex trading? This question can be rephrased: does the job with a good salary? Yes, there is, but to rise to the level of a good paycheck, you need some time to work in the company in order to get at the heart of the matter. The Forex situation is exactly the same. If you expect to make a profit from the Forex in a month, it means that you are in a deep illusion, the sooner you will get out of it, the cheaper it will be. In my opinion, in order to get closer to the profit motive must go through several stages. 1. you need to master the basics of technical analysis. 2. You must learn to feel the danger and know when is absolutely unwise to enter into the market. 3. the ability to find the entry point into the market with minimal risk. For these three phases is quite suitable training account with virtual money. The lead should be at least a few months. This will form your strategy, to identify its weaknesses and to treat virtual deposit with the same respect as a real one using forex rebates companies. 4.You need to change some of its character and quality to form new ones. Improve your trading strategy. At this point, you will need a real account. It seems to me that for these purposes the best deposit equal to 30%-50% of his salary. This amount is enough to treat your deposit very seriously, and at the same time, such a small amount makes you feel very comfortable, excluding panic at the slightest market move against you. Categorically recommend not opening deposit to otdolžennye money, hoping to quickly double the deposit and pay back their debt. For myself I know: the psychological pressure to withstand nearly impossible. Moreover, if you do not have a sufficient amount of money to open the deposit, it means that life itself-the fate wants you to do so. Who wants to go against their own destiny? It is not courage, but stupidity. 5. There is a need to gain some experience. Experience allows us to not only successfully finding a good entry and exit points, but also correct mistakes with minimal loss or a small profit. Besides, sometimes there are situations when the mind instinctively sees a familiar pattern (pattern) of the market accurately and takes the right decision even without deep technical analysis situation. 6. you must have a large enough deposit. At the initial stage of work on the Forex to double a small deposit is quite possible. If the expected market movement in 100-point corresponds to a profit in 20% of the initial deposit, then you will need only 500 points winning trades, to double your score. This situation is very popular, as the cost of 1 lot is close to the ground, which corresponds to 20% of a small deposit. From an economic and mathematical point of view this is over-risky (and profit), but it is conceivable, if the deposit is less than the size of one wages. If we are talking about a substantial amount of market entry, the sum of which exceeds 10%, deadly to the deposit, and in the long run, will likely lead to disaster. Thus, the profitability of work at Forex profit at an exceptional value, and risk is 10%-15% per month. from the deposit. However, if you get to the sixth phase of work on the Forex market, the problems with the size of the deposit will not be. Many wealthy people in the world who wish to increase their capital. If you really master the profession currency trader, you will not be left unnoticed. The trader will be one of the most sought after professionals in the labour market as long as there will be floating exchange rates.And do not forget to make extra money using forex rebates companies. My name is Maik Richman. Forex Rebates