There is a learning curve with any business. Doesn't matter if you want to start some MLM program, do dropshipping, or trade forex. However, forex for some reason seems to have a huge learning curve. No one knows for sure how many traders fail, but estimates are around 90% to 95%. That may be a little on the high side, however, it does illustrate that you need to really know what you are getting into. Another disadvantage of forex as a home business is the start up capital. One of the biggest reasons that new traders fail is not having enough capital to see them through the rough spots. However, the negatives aside, there are some very intriguing things about forex trading. For example, there are no customers. Sure, customers are the lifeblood of commerce. But as a trader, you don't have customers. All the headaches associated with them don't exist. Second, down turns in the economy have no effect on you. You trade currencies from all around the world. You don't care if it's trending up or down. It really doesn't matter. You can profit at all times. So, yes you can be totally autonomous. Just remember what I mentioned at the beginning. The learning curve is steep. You need to have plenty of capital. Trying to trade this market with just a few hundred dollars isn't going to work. Brokers love people who try to trade like that. If you open an account with just several hundred dollars, they will consider that money already theirs. Sufficient startup capital is very important. Do you want to learn more about how I trade? I have just completed my brand new guide, "Forex Trading - What Finally Worked For Me". Download it free here: Forex Trading Nathan Pennington is a forex trader and the author of Winning Forex Trading -THE Definitive Guide |
