Forex traders don’t suddenly become professional. It is said that it takes several years to become a professional. So, how much does a part-time trader earn? How much money do you need to make to become a professional trader?
What is a Forex Professional Trader?
A Forex trader is a trader whose main source of income is Forex. Since you have plenty of time left over, you can use all of your time for FX. There are many traders whose life rhythm is broken because of that, and many people are unhealthy. However, trading hours are often from European time to the New York market, and since this time is the most volatile, most people trade intensively during this time.
What is an FX part-time trader?
FX part-time traders refer to those who aim to become FX specialist traders, starting with beginners. The problem is that most of them don’t have much time because they are office workers or people who trade while doing other jobs. Therefore, these traders do not have much time to look at charts, so there are many cases where they trade with pre-orders. Some occupations don’t have time to look at charts, so you have to devise ways to do it.
Annual income of Forex traders
Forex part-time traders’ annual income is usually around 0 yen to 3 million yen. Of course, the first year is unlikely to be positive. Most traders should have lost a lot of money suddenly at the beginning, so it won’t be profitable so easily. The limit will be the level at which you will be able to earn enough money to live a decent life in a few years. Therefore, I think it will take more than a year to reach a level where you can earn decent money as a part-time trader.
Estimated annual income to become a Forex trader
As a guideline annual income for becoming a Forex trader, one point is whether it reaches the annual income earned as a salaried worker. In order to achieve this, the following conditions must also be met. The conditions for becoming a Forex trader are surprisingly severe. You have to keep winning.
Annual Total Plus
First of all, annual total plus is an absolute requirement to become a professional trader. If you can’t clear this point, you can’t make a living. And to produce a total plus for the year, you will have to prove it by trading for at least one year. There will always be times when trading is good, and times when you can’t win. The most important thing is whether or not you win overall.
Annual total plus for 2 years or more
To become a professional trader, you have to keep winning. Total plus for more than two years is a very important factor. You can’t become a professional trader unless you keep winning all the time in a row. If I can reach the level of total plus for two years in a row, I think I will definitely be able to become a full-time trader.
quitting is not easy
There are so many people who want to become a Forex trader and quit their company immediately. But the reality is not so sweet. Employees are really blessed. Because even if you are incompetent, money will come in steadily. But traders don’t. The annual income is very unstable, and it can be negative depending on yourself. You should know that being a professional trader is never easy.
Exness is for scalping
Exness is for scalping. This is because the spread is extremely narrow. Therefore, if you like scalping, please register with Exness and start trading. Since opening an account is free, please refer to the following article to open an account.