Forex Zone - Forex Forum

Advantages of Having a Forex Business on the Side

Discussion started on General Forex Discussion

  • Sr. Member
  • Posts: 269
  • Points: 6
  • Likes Received: 5
  • Reputation: +0/-0
In this increasingly modern era, of course, online business is in great demand and is increasingly mushrooming. Forex business is no exception, because it is easier for us to access and run this business. With an internet connection, we can already run this business. including a business that has a high level of risk. So if we decide to run this business it would be better if we study it in depth first so that we can run it properly and correctly. In addition, because of the high risk that will be faced when running this business, it would be nice to start at the beginning starting a business when skills and techniques and capital are still minimal, we first make this business as a side. Well below are the advantages if we make this business as a side.

1. We can focus on developing capital and skills
2. Can Dampen Emotions In Trading
3.The Mental Pressure You Get Will Be Minimized

Well, that's what I think is the advantage of making a forex business as a side. Indeed, in running any business, we must understand how it works and the mechanism and don't just be tempted by the benefits offered so that we don't go wrong and fall into failure in doing business. we hope that in this business we will be able to achieve.

Linkback: https://www.forex.zone/general-forex-discussion/1/advantages-of-having-a-forex-business-on-the-side/3567/
#1 - October 12, 2021, 04:49:58 AM

  • Jr. Member
  • Posts: 97
  • Points: 7
  • Likes Received: 0
  • Reputation: +0/-0
The advantage of having a trading business for me is that we have the opportunity to get double profits from our previous income, as long as we are willing to apply discipline and be patient at all times.
#2 - October 12, 2021, 03:19:14 PM

  • Hero Member
  • Posts: 906
  • Points: 92
  • Likes Received: 64
  • Reputation: +4/-0
there are so many advantages to having a side business other than forex, we can maximize it as material for our work later, don't forget to always be grateful for all this.  for maximum results.  and don't forget we will always get maximum results
#3 - October 14, 2021, 12:56:01 AM

  • Hero Member
  • Posts: 1309
  • Points: 1095
  • Likes Received: 11
  • Reputation: +0/-7
For me, the advantages of forex trading are very many, one of the forex trading is one of the businesses that the capital is needed is not much, so we can start with small capital
#4 - October 23, 2021, 11:43:02 PM

  • Sr. Member
  • Posts: 456
  • Points: 1017
  • Likes Received: 2
  • Reputation: +0/-0
indeed having a side business will make us less focused on being in front of the forex chart where we want to always open new positions.
#5 - October 24, 2021, 10:40:07 PM

  • Newbie
  • Posts: 31
  • Points: 536
  • Likes Received: 0
  • Reputation: +0/-0
the important thing is to be able to properly manage the main work and forex trading, because if one of them is defeated, it will certainly be detrimental to both. If you have not been able to make consistent profits in trading, it is better that the main focus is real work, and vice versa if you are able to get consistent profits, of course the choice remains for each trader, whether they want to be a full time trader or just a sideline.
#6 - October 24, 2021, 11:26:32 PM

  • Full Member
  • Posts: 160
  • Points: 668
  • Likes Received: 1
  • Reputation: +0/-0
although as a side job, forex trading can still be relied on to increase the family's economic treasury. Even so, be disciplined, patient and consistent in running a mindset, a good trading plan must always be done. Starting from the mindset and trading plan it will be successful or not.
#7 - October 24, 2021, 11:27:49 PM

  • Full Member
  • Posts: 237
  • Points: 757
  • Likes Received: 1
  • Reputation: +0/-0
The advantage may be that it can increase our income so that our income can grow bigger, and besides that if we make the forex business a side business, our income is not only to be able to meet all of our life needs but there are results that can still be set aside for we save or use as capital to build a business or other business that would be profitable for us.
#8 - October 24, 2021, 11:28:55 PM

  • Hero Member
  • Posts: 619
  • Points: 184
  • Likes Received: 8
  • Reputation: +0/-0
To be able to make a profit in the forex trading business, of course, it takes struggle and the spirit of learning and hard work so that it will be able to give good results, but all of that must be balanced with good psychological stability because psychological factors and the ability to trade must be able to run in balance.
#9 - October 24, 2021, 11:29:59 PM

  • Sr. Member
  • Posts: 456
  • Points: 1017
  • Likes Received: 2
  • Reputation: +0/-0
indeed, if forex trading is a side, it is an option that is highly recommended even though we certainly also have additional thoughts in our main work and trading, but it doesn't matter.
#10 - October 24, 2021, 11:31:16 PM

  • Hero Member
  • Posts: 1254
  • Points: 102
  • Likes Received: 174
  • Reputation: +70/-0
All businesses must have their own advantages and disadvantages depending on the form and type of business. Likewise with the forex business. This forex business certainly has its own advantages compared to other businesses. Forex business can be done anytime and anywhere. It is not limited to a time whose transaction hours are up to 24 hours and can be done on the sidelines of busyness and can be used as a side job. The capital is small. This business is not limited to places, that is, it can be done anywhere, only by using an Android phone, you can make important transactions with internet connectivity. However, the weakness in this business is that it is difficult to predict price movements, besides that the risk is high so that if you make a wrong move you will lose funds in just a matter of minutes.
#11 - October 25, 2021, 07:12:58 AM

  • Sr. Member
  • Posts: 350
  • Points: 256
  • Likes Received: 0
  • Reputation: +0/-0
a lot of the advantages of this forex trading business in my opinion, one of which is this business can be run with even small capital, can be carried out anywhere funds anytime, and can be run by anyone
#12 - October 27, 2021, 11:40:02 PM

  • Hero Member
  • Posts: 1508
  • Points: 333
  • Likes Received: 174
  • Reputation: +20/-8
The advantages of doing this forex trading for me are to flexylanlan, because we can run anywhere without a place limit, anytime without time limit, so we can be very free in this matter
#13 - October 31, 2021, 10:15:49 AM

  • Sr. Member
  • Posts: 286
  • Points: 91
  • Likes Received: 1
  • Reputation: +0/-0
The worse of this trading business that is most felt we can get great profits with very small capital, or which is very affordable for us, unlike other businesses that require large capital
#14 - November 01, 2021, 01:34:16 AM

  • Hero Member
  • Posts: 1161
  • Points: 2955
  • Likes Received: 148
  • Reputation: +6/-8
My advantages of trading are here the potential benefits are unlimited, as long as we want to beat our skills sellade and continue to try to make improvements and consistently run discipline
#15 - November 03, 2021, 05:08:24 AM

Members:

0 Members and 1 Guest are viewing this topic.