FXTM information and reviews
OctaFX information and reviews
XM information and reviews
FXCC information and reviews
Libertex information and reviews
FxPro information and reviews

Put Your Skills to Better Use

9 October 2020

Are you looking for a new hobby, but aren’t quite sure where to start? Have you considered you might be a trader? Below are a series of questions that will help you determine whether you’ve got what it takes to enter the trading market, and wing it.

The need to find a hobby, and especially one that you can also benefit from (and preferably financially benefit) seems to be more and more one of today’s 21st-century crises. In fact, more people take on a self-exploring journey, to identify that one special something that can make them feel both, financially, professionally and personally accomplished. 

From the desire to evade the mundane, and monotony, they start asking themselves various questions. We’ve looked into it and discovered that certain questions seem to repeat amongst traders that chose this kind of investment from pure passion.

So just consider that if you often find yourself wondering the following…

(And many other financial related uses of apparently strange skills you’ve got)

…You might, in fact, be a trader. Since you see, weather events whether good or bad can impact the financial markets, especially the agricultural commodities, as we previously saw in the ‘Weather Conditions Impacting the Financial Market’ article. 

Various worldwide holidays like Akshaya Tritiya – India’s Gold Gifting Holiday – impacts a great surge in gold demand, that it manages to impact the precious metal’s quotations during the months of October.

In fact, even the idea of running your own business could be attributed to trading, since this kind of investment is pretty much based on conducting a daily analysis of the best performing factors that lead your company to success. When it comes to trading, you analyse the various market conditions that might affect your portfolio or trading account.  

A lot of unexpected skills can be used for your trading plan. Take tweets for example. Based on their creator, they have the potential to impact various economies, like when Trump is tweeting. And the same goes for news pieces, press releases or other official communications.

You see, a lot of your unusual skills could be used to trade. And if you happen to be skilful at reading charts, making basic calculations or if you’re particularly good at noticing details that others don’t see, then trading might be just what you’re looking for. 

Before you start trading, make sure you fully understand why you’re doing it and how this activity can become part of your life, and possibly make it better. First, try to answer a few questions that would most likely help you realise whether this is the right industry for you. 

Since, at the end of the day, the questions that matter more for you, as a trader are the ones you ask yourself. For example, here are some that you should consider before coming up with your trading plan:

If you already started answering some of these questions, you might just have what it takes to start trading and make the best out of the special abilities you didn’t know how to put to use until today. Own up to your decisions, learn what it takes to succeed and never stop improving.

And before you start, make sure to check our Education Section. You’ll find some of the best trading secrets and rules. In addition, check our Webinar Session and book your first 1-on-1 with our Market Analyst, Michalis Efthymiou.  

This article was written and submitted by eXcentral. 

Disclaimer: This material is considered a marketing communication and does not contain, and should not be construed as containing investing advice or a recommendation, or an offer of or solicitation for any transactions in financial instruments or a guarantee or a prediction of future performance. Past performance is not a guarantee of or prediction of future performance.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.81% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.




HFM Webinars September 2022
HFM Webinars September 2022

Power your trades with industry tips and knowledge from our forex experts by signing up to our free weekly webinars. Our webinars are designed to improve your FX knowledge and help you...

6 Sep 2022

XM Launched a Series of Seminars on Gold in Thai and Latin America
XM Launched a Series of Seminars on Gold in Thai and Latin America

XM successfully launched the series of free exclusive seminars Gold Trading Essentials that took place across Thailand! Our highly experienced instructor Sompop Jittrakul taught...

31 Aug 2022

Weekly outlook: gold, silver
Weekly outlook: gold, silver

Last months has been especially rough on energy commodities market, but what about precious metals? This time, we'll be looking at gold and silver, their movements and perspectives...

31 Aug 2022

Vantage Webinar: London Live Analysis Session
Vantage Webinar: London Live Analysis Session

Get ready for the trading week ahead with our weekly webinar sessions on Wednesday & Friday. Learn how to analyse market movements and prepare yourselves for key risk events ahead of time...

12 Aug 2022

HFM Webinars August 2022
HFM Webinars August 2022

Our webinars are designed to improve your FX knowledge and help you hone your trading skills to give you the confidence you need to trade the markets...

5 Aug 2022

Company Earnings Weekly Special with Andria Pichidi
Company Earnings Weekly Special with Andria Pichidi

We are committed to being with you every step of the way in your forex trading career, and by providing valuable forex education, we can give you a solid foundation to begin trading...

12 Jul 2022

Editors' Picks

HFM information and reviews
IronFX information and reviews
FXCM information and reviews
NordFX information and reviews
Vantage information and reviews
FP Markets information and reviews
FP Markets

© 2006-2022 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.