Should college students avoid FX? This article explains why it is said that students should avoid trading. College students who have little life experience often don’t have much money to begin with. For this reason, investments that reduce money, such as FX, are said to be dangerous. However, just because you are a college student doesn’t mean that investing is not recommended.
Why college students fail in Forex
The reasons why college students fail in FX and are told to quit are as follows. There is a high risk of making a profit using funds. There are also cases where people start without studying spreads, swap points, price movements, etc. in books or on the Internet, and without any knowledge or meaning. Even if you trade a lot with good tools, you cannot win if you are at that level. To accumulate maximum profits, it is fine to have a small capital environment. There are surprisingly many people who are making profits in Japan over the long term.
lots of scammers
In the case of university students, there are many people who get involved in suspicious solicitations such as SNS. Scammers will make you buy information products at a high price or invite you to a dubious investment salon. You should never get your hands on these things, but college students who don’t know much about the world do. Therefore, do not engage in solicitations on SNS or the Internet. FX will be able to win without buying strange products.
huge investment
College students suddenly use their parents’ money and other funds to gamble on large sums of money, and end up losing all of it. This is natural, and beginners cannot win right away with FX. FX requires more than several years of training. Until then, you have to invest small amounts of money. After all, traders need skill and experience. If you don’t know anything, you will take high risk and make the wrong investment in a popular stock before you get used to it, and you will suffer relatively large losses. Some people trade freely and buy or sell. If you are unsure, do the calculations before trading.
invest in scholarships
Some college students invest part of their scholarship money. This is very foolish, and scholarship money is money that you will have to pay back no matter what. Even if you use it for investment, you have an obligation to pay it back. This is something that college students who do not have a strong sense of value regarding money tend to do. If you do not invest after being aware of it and preparing, you will regret it. Do it properly, such as repeating technical analysis of the US dollar and other rates every month. Unless you have a really honed sense, you will not be able to increase your funds in either case.
Solutions for Forex Success
First of all, it should be said that FX is not gambling at all. Whether it becomes gambling or not depends on the person’s skill and experience. So what actions should you take to actually succeed? Since you don’t take a position using a large margin, but rather use it to make a profit, you need to be conscious of the products and buying and selling in order not to lose. It is difficult to say that you can win a certain amount of money stably from the beginning without taking on debt. You need to trade with a minimum of funds while examining the data for each.
small investment
Forex beginners should start investing with small amounts. It is an investment method that allows you to make a large amount of money from a small amount of money, using your assets in a relaxed style. This principle is called leverage, and it is possible to make a large amount of money from a small amount. Therefore, you should not put money into it until you can win. The trick is to start with a small amount. Try dollar/yen on a demo and gain plenty of experience. There are also people around the world who do automated trading, but it is dangerous, so avoid it. It is impossible to win because you will lose a lot of money on Forex or stocks after placing an order.
take several years
It takes several years of training to become a FX professional. Therefore, you should expect it to take at least three years. You can balance it with your studies during this time. FX is designed so that you cannot win unless you gain skills and experience. It is very important to trade steadily without rushing. Let’s take a look at some past charts and analyze them. Anyone who wants to start investing in stocks or FX and win and make money needs to make a well-founded entry. It also takes time to make money from day trading. If you can increase your numbers to a certain extent, you may become really famous.
don’t look at charts
If you are a beginner in Forex, you will get used to watching charts in real time, but we do not recommend it. Set up automatic payments whenever possible. When you enter, be sure to acquire the habit of setting profit taking points and loss cut points. If you get into the habit of looking at charts in real time, your studies will become neglected. Once you enter, please entrust everything to the market.
be taxed
By the way, if you are a university student doing FX, you should also consider taxes and dependents. In Japan, if your annual income exceeds 480,000 yen, you are subject to taxation and will no longer be supported by your parents. If you have part-time income other than FX, you will be subject to taxation if it exceeds 1,030,000 yen. Of course, if you do not declare it, you will be subject to penalties, so you should definitely declare it. If you file a tax return, you can carry forward losses. Nowadays, you can easily apply through an app.
You can open an account with FXGT for free
FXGT not only deals in foreign exchange rates, but also stocks and virtual currencies. Opening an account is free and can be done quickly, so we recommend it. Please also take a look at the following article, which introduces it. There is a large risk, so when you try it, please consider the possibility of losing. We recommend that you keep your investment amount low and practice and practice for a short period of time. If you work hard, you will be able to analyze the basics, increase your win rate as an investor, and be able to make predictions. If you can make money, you will at least be able to make money in the asset management category.
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