What's new

Can I make a living trading forex?

2.00 star(s) 1 Vote
Yes, of course!
Forex is a place where traders can speculate and earn money on price movement. Forex is a job absolutely the same as other jobs, IMHO.
Let’s compare Forex trader with cashier in the store, bank employee, and forwarder in a logistics company:
  1. Beginner who wants to work as a cashier will have to learn how to use cash machine, count money and customer communication, only 3 main functions. It will take not more than 1-2 weeks to become good cashier in a store. It will bring money for living.

  2. Beginner who wants to become bank worker will have to be familiar with financial sphere, probably pass banking courses, work with specific computer programs, be ready to communicate with customers, and work with money. Become good bank employee will take some weeks. The higher position in the bank, more need to learn and know. It also will bring money for living.

  3. Beginner who wants to be a forwarder in a logistics company, will have to do more functions. As minimum need to learn information from Internet or pass some courses – to understand how logistics works, etc. Then it is necessary to start communicating with customers, offer good services conditions, provide specific information about cargo, documentation and so on. It will take some months to become advanced worker in this profession. It will bring money for living as well.

  4. FOREX – Beginners who want to become successful Forex traders and earn money for living will have to:

    • MAIN rule – don’t expect that Forex will bring you profit when you start trading, so you have to get somewhere money for living, while you are learning Forex and reach the point when Forex brings you amount of money that is comfortable for living.
    • learn Forex information by their own, searching it in Internet, watch some courses, or visit a local city Forex courses. Everyone choose his or her own learning method.
    • Practice trading on Forex terminal that you chose. I recommend to practice on demo account, so you could increase your trading skills and experience without spending money.
    • Find or build your trading method that will have loss-profit ratio as minimum 1:1+, so you could get more profit rather than loss.
    • After you reach the aim for getting more profit than loss, you move to real account and start trading.
    • Strictly follow your trading strategy rules, don’t trade on emotions, and control money management. In a result Forex trading will bring you profit for living.
Some traders are fast learners and start trading Fore after several months, but some learn slowly and it can take years. Don’t give up, and always go forward.
You can see now that any job you would do, need to learn, and every profession need different information and time for learning. In any profession you will earn money for living.

So, Forex can also bring you profit for living, everything depends on you.
Wish you to be independent Forex trader!

Hi Trader,

Please take some time to view myfxbook.

Demo account been running non stop for 12 months averaging 20% a month.
http://www.myfxbook.com/members/Virtuo/mt4-vit-demo-01/3287325

Live account had been running for 7 months averaging 19% a month.
http://www.myfxbook.com/members/Virtuo/mt4-vit-01/3287333


Price .
The price is 500 usd this includes the EA and my personal set files for 5 pairs which is all you need to make 10%-20% a month.
This is always the one million dollar question. Can we do it or not? :)
 
New traders who are looking to make a change in their career are trading full time and taking it as a full time job however, some new traders who are working full time jobs which can limit their time and effort for trading Remember your success depends on you as much you will learn and experience that much you can earn.clapping hands
 
Sure you can. Just learn forex properly and continue testing your skills on demo. Continue this practice for atleast 6 months. Give it time as you give to any other profession for training. Don't think you'll learn it over night or its just Buy or Sell pressing button game.
If you're lack of investment, you can reach to many available companies out their who provide investment to traders. But once again, you need to have skills before you think of living on it.
 
the trend is your friend. the promblem is you never know how long the trend will be or when you have to stop trading. you need a lot of experience to manage that.
 
for sure you can make a living with forex trading but beside knowledge you need the right mindset and attitude that includes self-discipline,no fear or greed,patience and proper risk management...
 
uggest you start small cos it is not easy to make money in forex. once u have a good system, then u can increase your trading size
 
its not easy, its a work for professionals. so be professional in work you like and you newer need to work
 
Yeah, sure.
If you can double a $100 over and over, over whatever period of time, without being greedy, you can make a full-time income from the Forex Market.

And nobody wants to tell you this, but there is something called 90-90-90 in these streets, google it.
 
hey everyone, is it really possible to make money in Forex Trade, is it easy or does one require a lot of training and education for it ?
 
Yes, of course!
Forex is a place where traders can speculate and earn money on price movement. Forex is a job absolutely the same as other jobs, IMHO.
Let’s compare Forex trader with cashier in the store, bank employee, and forwarder in a logistics company:
  1. Beginner who wants to work as a cashier will have to learn how to use cash machine, count money and customer communication, only 3 main functions. It will take not more than 1-2 weeks to become good cashier in a store. It will bring money for living.

  2. Beginner who wants to become bank worker will have to be familiar with financial sphere, probably pass banking courses, work with specific computer programs, be ready to communicate with customers, and work with money. Become good bank employee will take some weeks. The higher position in the bank, more need to learn and know. It also will bring money for living.

  3. Beginner who wants to be a forwarder in a logistics company, will have to do more functions. As minimum need to learn information from Internet or pass some courses – to understand how logistics works, etc. Then it is necessary to start communicating with customers, offer good services conditions, provide specific information about cargo, documentation and so on. It will take some months to become advanced worker in this profession. It will bring money for living as well.

  4. FOREX – Beginners who want to become successful Forex traders and earn money for living will have to:
    • MAIN rule – don’t expect that Forex will bring you profit when you start trading, so you have to get somewhere money for living, while you are learning Forex and reach the point when Forex brings you amount of money that is comfortable for living.
    • learn Forex information by their own, searching it in Internet, watch some courses, or visit a local city Forex courses. Everyone choose his or her own learning method.
    • Practice trading on Forex terminal that you chose. I recommend to practice on demo account, so you could increase your trading skills and experience without spending money.
    • Find or build your trading method that will have loss-profit ratio as minimum 1:1+, so you could get more profit rather than loss.
    • After you reach the aim for getting more profit than loss, you move to real account and start trading.
    • Strictly follow your trading strategy rules, don’t trade on emotions, and control money management. In a result Forex trading will bring you profit for living.
Some traders are fast learners and start trading Fore after several months, but some learn slowly and it can take years. Don’t give up, and always go forward.
You can see now that any job you would do, need to learn, and every profession need different information and time for learning. In any profession you will earn money for living.

So, Forex can also bring you profit for living, everything depends on you.
Wish you to be independent Forex trader!

Hi Trader,

Please take some time to view myfxbook.

Demo account been running non stop for 12 months averaging 20% a month.
http://www.myfxbook.com/members/Virtuo/mt4-vit-demo-01/3287325

Live account had been running for 7 months averaging 19% a month.
http://www.myfxbook.com/members/Virtuo/mt4-vit-01/3287333


Price .
The price is 500 usd this includes the EA and my personal set files for 5 pairs which is all you need to make 10%-20% a month.
Making a living from forex trading is very possible. What matters is how well you get yourself organised, follow your trading plan and develop your trading strategy. It takes patience, determination and a lot of learning along the way. Before you make forex your main source of income, consider having a number of years of experience to be sure of what you are getting yourself into
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Similar threads

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)

Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock    No Thanks