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#28 - How to make a full-time income in the forex market?

6/8/2020

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When I first started trading, making a full-time income out of trading was never my goal - because I simply do not want a full-time job, and I thought making a full-time living requires a full-time schedule…

So I only aimed to make a part-time income with a part-time schedule so that I could still act and do other things, and the result was great! However, I became greedy and decided to make more - by trading more, working longer hours, and taking more risks!!!! 
And not only did I not make a full-time living….I actually blew up my account…
The same thing happened over and over again; I’d traded part-time and still focused on my life and made a good profit - and then switched to full-time, only to blow up accounts….
WHY????
I was mad, angry and frustrated because I thought more works = more results, and most importantly, I thought that wanting to make more will give me more, just like the law of attraction…
Not quite! After I took trading psychology and examined myself thoroughly, I’ve realized that - 
The stress of HAVING TO make a living with trading = emotional decisions in the market = Overtrading with bigger risks!
Trading is a very unique game because you do not get paid hourly, and your result does not equal the number of your trades. Unlike sales, every prospect is a potential client; in trading, it is NOT a number’s game!!!! Every trade is a possible LOSS that takes away your capital!
The more you trade = the higher the trading costs & exposures = the lower the profit!
So I stop treating “trading” as a full-time job, it’s also not a part-time job; it is just NOT a job, but more of an investment. The steps of trading are - 
  1. Analyze the market 
  2. Analyze the investment (the asset) 
  3. Develop a plan
  4. Trade with your capital 
And that’s it! Once you put in your trade, your job is done! 
The money will make money in the market while you’re not even there, and let it work out for you! 
Remember, it’s not a job! 
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