Yash, the one thing that seems certain is that you are in a stable field, and you are probably making good money right now. There are also benefits with your current job you have right now. These are all thing to factor in when you consider trading as a full-time career.
Having said that, we need to talk not only safety, but security. If you are considering growing a trading career into something that will make a full-time income for you, and me knowing you are new to the field, then I can assure you that in order to make the intelligent choice for yourself, it will probably take some time and growth for you personally.
The obvious question is, "Can it be done?" I'll tell you beyond any shadow of a doubt that answer is "Yes!"
I posted much about what is needed to begin your career in post #1724. Develop, but not copy a methodology of your own. There is a lot of excitement of late about the ichimoku cloud. Those that use, love it. If you pursue it, then make sure it is a conviction of your heart and not just something you have heard about and you are adopting it because of that. Don't believe anything you here, but treat what you hear as something constructive, then let the advice be proven or to be held in disdain by you on a personal basis.
Don't be afraid to ask questions. As you see your methodology develop, then you will be able to move on to the next step in the process.
As we take out the telescope and peer into your future, be patient!!!! You have a good and secure job right now. Don't let the glitz and the glamour of being your own boss beguile you. Make sure you are perfectly comfortable with your life and your finances before you go full-time.
I could paint you many rosy pictures:
1. I answer to myself.
2. I sit at home or on a boat while at work.
3. I take Tucker out when I want and chase him around our property.
4. I go where I want when I want.
5. Blah, blah, blah
Now, let's keep this balanced, because I'd be lying if I said that was the whole picture:
1. My own hard-earned money is constantly on the line.
2. I have to deal with broker glitches, computer crashes, technological problems.
3. All my wife knows is I make money, and with her, that's how it has to stay. She could freak out if she only knew what really goes on at times.
4. There is always an amount of uncertainty, regardless of how much money you made.
In essence, this is the good life, but heed the warnings.
It also cannot be stressed enough the mental part of trading. If you are stable psychologically, then you have a good shot of making it. If you are not, then you have a lot of work to do. The mental discipline is the intangible element of trading that no one will really know about except you.
Believe it or not, I'm not the patient type by nature, and I can be very impetuous. Those elements of Me had to be harnessed, and keep harnessed, or I would be dead in the water. That's how important the mental part of trading really is.
hello sir
sir, i wanna ask one question that can i make forex trading as safe future career?
i am asking this because i am an engineer and i am not interested in that field because i have to be dependent on others thats why, so is forex be the good future market as its totally independent market and all is depending on me ?
