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  • Beginner
  • Intermediate
  • Advanced
  • Completion
  1. Beginner
    Early Stages for Beginners
    8 Topics
  2. Forex Terminology
    11 Topics
  3. Margin & Leverage
    2 Topics
  4. Personal Psychology Questions
    2 Topics
  5. Psychology for Beginners
    7 Topics
  6. Intermediate
    Identifying Scams
    2 Topics
  7. Brokers for Beginners
    5 Topics
  8. Technical Analysis
    13 Topics
  9. Market Structure
    5 Topics
  10. Completion
    Risk Management for Beginners
    8 Topics
  11. Fundamental Analysis
    9 Topics
  12. Advanced
    Using Indicators
    6 Topics
  13. Technical Analysis (Part 2)
    8 Topics

Working a 9-5 While Learning How to Day Trade

This is a lesson that everyone needs to read. It is important to have a stable income while learning how to trade because there’s no guarantee that you’ll end up being good at trading your end goal can be to quit your 9-5, but you have to make sure trading pays you more than what you are making, and that you have a few years of a track record under your belt, not just 2 months of consistency. You should be looking for consistency and comfortability before you make life-altering decisions.

Trading without having a stable income can negatively affect your trading. Why? You become emotionally attached to the outcome. You fear drawdown because you have no income coming in to replace what may be lost. This is why you do not fund your account with what you cannot afford to risk. You can be down to your last dollar and the market will show you no sympathy. NONE!

When you have a 9-5 yet are learning how to trade, you have to find days and times that you can devote to the market. You also need to find certain pairs that move when you finally can sit down and trade. Overall, manage your expectations. It’s okay to have big goals. Just make sure it’s YOUR decision, and you’re not basing that decision off of anyone else.