If you have been trading in the currency markets for a while, you’ll know that not many people are able to make it their full-time job. The reason behind this is that it is very difficult to come up with a winning system that is consistently profitable. If you want to get more information about profitable forex ea, refer https://fxsharerobots.com
However, some people can make it through sheer persistence, so what are the factors that drive them to success?
- Money You Invest
Well, the main motivational factor is, of course, the huge amounts of money that you can make. If you made just 2% of your capital per month, which is not an unrealistic goal, this could easily grow into a huge amount after a few years due to the effects of compounding.
- Lifestyle Of Forex Trading
Another influencing factor relates to the lifestyle that forex trading offers. When you have built up a large amount of capital and make a decent amount of money, you can become a self-employed full-time trader. Therefore you can work from the comfort of your home or a trip abroad and work from your laptop, and still make money.
- Number of Hours You Work
Plus you can choose the hours you work, which is a rare luxury nowadays. Depending on the type of system you are using, you may be able to make consistent profits trading for just one or two hours a day. Although even if you need to watch the market for about eight hours a day, it was not a demanding job.
Forex trading is far from easy, because many people have found to their cost, so it is no doubt a big challenge that many traders aspire to enjoy.