Forex trading is actually a 'tool' to increase or improve living standards. If you are working, do not think to stop working immediately, and risk all your savings to start trading forex.
Forex trading takes time, you just need to practice and try to generate income as a part-time trader first. You may be looking for a source of income that you can make comfortable at home without selling goods, looking for people, and so on and you come across forex trading.
Yes, it is the right choice. But if you can not generate profit from forex trading part-time (part-time), you should not expect to generate profit full time (full time).
Get used to trading first while maintaining your current standard of living. Once you get used to making a profit and generating 10-20% a month, then you can think with a large capital, you can generate more profit if you maintain 10-20% momentum a month.
The ambitions of a full-time trader are not wrong, but need at the right time, the right mental and physical preparation. You need to have untouched savings and emergency money that can last for 6 months.
The money does not include capital for trading. The money is money for you to fulfill all existing commitments such as car money, house money, children's school money, food and drink money, wife and family alimony money, emergency money such as medical, car repair, and others.
It is to ensure that you can frame and start generating income under the pressure of not working, and not getting a fixed salary. If you do not generate income from forex in the beginning, you still have money to support the family or pay a personal commitment for 6 months.
So here your emotions are not disturbed. 6 months is the ideal period used for emotional stability and starting to formulate an action. It is better to have enough for a year because the field of forex trading is very challenging.
Savings alone are not enough.
Make sure the trading record you do part-time has started to generate consistent income as expected for at least 1 year, which is 12 months.
Without consistent skills, a 12-month period is also useless if you just want to crawl to learn about forex while spending savings.
Remember! The 12 month period is not a new period to study, find techniques and so on. Instead it is a period of preparation for you to start your forex business journey.
