Can Forex be a full time job?Can Forex be a full time job?

Becoming a full time forex trader requires an eminent amount of trading experience and also a passion to trade. Trading forex can be a full time job however it demands alot of attention and hard work. You need to start with a proper plan before joining the league of full time traders.

My first tip to you would be not to go all in right from the beginning and start trading full-time. This is because in order to do that you will of course be leaving your day job or however you are earning your money, and that is not advisable. At least not without some forex experience.

My advice would be to start slow. Also, don’t invest all your savings into the market when you are in the process of experimenting and learning. You should figure out your strategy and risk management plan first and then depending on how much profit you are making, decide whether you want to go full-time or not.

The second step is to figure out your strategy. Now this is most likely not the one you will stick to long term but you need a place to start. So think about what is likely to work based on what your strengths and weaknesses are. Don’t look at what is working for others and then just apply that to your trading. You have to come up with one that is personalized to your personality and habits.

The third and final step is to step in. Of course, in order to do this, you have to figure out how much you are willing to risk and also how much you will leverage. Remember, margin trading makes profits big, but then the same happens to losses as well. Once you have hit upon a strategy that is making you more overall profit than loss, you can think about increasing the hours and investments you put into forex.

The smart choice is to trade with your risk capital - money you can afford losing. Forex doesn’t and cannot serve as a guarantee for stable earnings, which is exactly why it should not be relied upon as a full-time job. Trading on a part-time basis, however, is a great way of putting your money to work. Learning the essentials of money and risk management are the two fundamental skills all successful forex traders possess.

MetaTrader is free for clients. The brokers pay some kind of licensing fee, but if you think about it who is going to pay for that multi million dollar development project? My guess is there just isn’t enough money to be made. There are only so many Forex brokers in the worlds and I doubt they would be willing to pay that much more for a Mac version, plus the brokers would then have to provide technical support for two versions which would further increase their costs.

It is not like many apps that make money selling to a million end users on Windows, and then build a mac version to get millions more paid users. Maybe there a few hundred decent sized currency brokers globally.