One of the most common questions I receive at trading events relates to making that transition from being a part time trader to trading full time and deriving an income from their trading activities.
I know many people think about this - how should one start out in forex trading while still holding down a full-time job? Then, how should one transition from a full-time job to be a forex trader?
This is always a difficult situation to assess and of course, everyone’s situation is very different. It is important that people don’t think they can quit their job on Friday with next to no trading experience and start trading successfully the following Monday. This ambition is farcical.
The reality is that developing the necessary skills and attributes to be a successful trader takes time – a lot of it. We almost need to train ourselves to think very differently and counter intuitively.Read More