Are you a
forex day trader? If so, have you earned a higher amount of profit during your career in the global currency market? Like most trading styles, many day traders are interested in it, but some think that day traders are not good.
In the early days of starting your career as a trader, we are sure that you will learn the typical trading system or style of day traders. You will be active all the time and see all the moves at one time. However, did all these sacrifices pay off as they should?
Becoming a day trader can be time-consuming and stressful. In this short period of time, you as a trader are forced to analyze and make decisions at the same time. And as time went on, many realized that they were doing something wrong.
We are the ones who are aware that trading in one full day has its drawbacks. Deciding to take a bigger move and change trading style is what allows traders to live their life. No more sitting and staring at the computer monitor all day all night long.
Why you Should not Choose Forex Day Trader Type?
When it comes to time, how much time do you spend in the trading market? Some people are willing to install several desktop monitors on the desk and carry out trading activities in one full day. That is someone called a day trader.
However, this style of trading is not profitable, our friendly approach to you all is trading as little as you can, and leaving your money to work by itself. In addition, we have other reasons why this trading style per day should not be chosen, because:
1. No More Money
Day traders as well as longer timeframe traders have their own share of income and in general, the profit results will be the same. Despite spending more time here, but it does not maintain success over time.
Forex day trader deals with a lot of challenges that will drain his emotions and make the account split into million pieces. Meanwhile, when we look at the total profit, in general, there is not much different from the intraday one.
2. Can't Take a Day Off
Day traders will definitely be busy monitoring currency price movements all the time so there will be no time for holidays. For traders who previously had a job, the atmosphere will feel very different after becoming a forex trader.
They will never quit their job too soon because they have to be busy making a profit. Even because they are busy analyzing, someone can just quit their job and rely on self-confidence while at the best forex broker.
3. Equal Opportunity
All opportunities in the forex market are equal, opportunities to win, opportunities to make money, and opportunities to experience a decline in value. Of course you don't want to have to suffer losses while in the forex market either.
This opportunity concerns higher time frames, and is more widely used by swing traders. Not all systems are positive, but not all of them can make money. And furthermore, day trading has no more opportunities.
4. Don't Have a Lifestyle
Being a day trader is also an illustration that the lifestyle will decrease. Traders will prefer to look at the monitor screen to ensure a lot of money falls into his account. This is how the system works and “kills” traders.
Actually, you can just play in forex trading, but make sure that the broker you choose is a reliable one. Don't randomly choose a broker and we recommend only playing at the didimax forex broker. There will be many advantages of
joining this broker.
Trading through many approaches, starting from seeing whether the system is running smoothly or not. But it doesn't have to be done every day. We recommend that forex day traders begin to be replaced with other systems that do not make you tempted.