forex business or you think that there should be need for an alternative investment?

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  • #1 Collapse

    forex business or you think that there should be need for an alternative investment?
    I think for once, there should be need to find alternative investment windows, as a way of diversifying the portfolio of the huge returns we make from forex trading. There is a saying, that it is not wise to lay all eggs in one basket.
     
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  • #2 Collapse

    when a man plans his business for the purpose of profits, he should also plan for losses otherwise, he would be hitting the rock in no time. Though its good to trade forex as your major investment so that you focus more attention on trading which requires ample time if profits is your goal in forex.
       
    • #3 Collapse

      I am seriously think about it. If you are new trader then its necessary for you to have another alternative income source that will help you financially in case of loss. No online source can give you high profit than forex trading but still i recommend that we must have an alternative source because the forex market situation is very uncertain.
         
      • #4 Collapse

        Of course it would be a wise decesion to invest money in different businesses. Although forex trading is a source of earning huge profit but still it is not a safe and sound business. A trader can lose al its money in a single day when the market tend go on the other way.
           
        • #5 Collapse

          So the money should also be kept in the back up account as in case of huge loss in the forex trade he/she may not face bankruptcy. At least he would have some extra money to trade with.
             
          • #6 Collapse

            If you're relying solely on forex income then it is beneficial to invest into stock trading and future trading. Though future trading is very risky and requiers constant attention with the contract.
               
            • #7 Collapse

              You should consider bonds, life insurance other plans where you can invest money and get regular profit. My suggestion is to invest into stock trading or get a fixed deposit so that you can have some sort of financial security.
                 
              • #8 Collapse

                Once you do get that then it is easy for you to relax and concentrate on one source of income at time. In short my opinion is that you should always put eggs in multiple basket.
                   
                • #9 Collapse

                  Their should be need for an alternative investment after making money from trading, when you reinvest into another line of business, you are creating streams of multiple incomes that you can fall back to when profits from forex is not forthcoming.
                     
                  • #10 Collapse

                    i think it is highly important for all forex traders to have an alternative option when trading. From my own experience, there are some time where the market is not responding to my plane, and which lead to drawback in trading activities.
                       
                    • #11 Collapse

                      forex trading ak esa business hai jis main har trader kay pas achi earning ka moka hai forex trading main har trader achi earning sirf aur sirf apnay skills aur knowledge ke base par he kar sakta hai forex trading main jo trader achi earning kay lye hard work kartay hain wo trading main khud ko improve kartay hain
                      • #12 Collapse

                        I think if you follow trading principles and be deligent, there might not be a need for an alternative. If i may ask, what other alternative? What other alternative can outstand the benefits of forex? Well if the trader so chooses it is fine.
                           
                        • #13 Collapse

                          online job or business cannot give us high return as forex can but i think something is better than nothing. If you are doing forex trading and not expert in trading then it can bring huge loss for you at any time and suppose you did deposit your money in some other business then you can start forex trading by withdraw your money from that business.
                             
                          • #14 Collapse

                            The saying is good and one must not lay his eggs in one basket. Its true that there must exist a diversity in investing the capital so that to reduce the risk of lose. However if there is an opportunity for greater return with the minimum risk then one must take the risk and try to multiply his benifits.
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                            • #15 Collapse

                              it is very essential and important for any trader be it in forex or any business to diversify, been that you cannot tell the time and seasons. Things at times changes either there is an increase in the profit earned or total declination. so it is very important for very business oriented personnel to have.
                                 

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