Yes it is possible, but for newbies don't expect too much..
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DislikedI would agree with all this, and cannot emphasis enough Bear's point about mindset and psychology - make sure you read Mark Douglas' book "Trading in the Zone", this is the bible for all good traders.
Me, I've been trading 6 months after throwing in a multi national finance career, and now finally starting to make good money, but not before all the things Bear mentioned and then some. To get over this I meditate each day and see a business coach (NOT a trading coach) to help improve my focus and visualisation techniques. This has significantly...Ignored
DislikedIs it Possible to Make Money in Forex Market? I think yes, but money comes with practice and experience. so novice traders can't earn a lotIgnored
DislikedIs it Possible to Make Money in Forex Market?
NO
A speculator adds value to society only if he / she loses money.
Therefore you will be sought after for your money losing ability.Ignored
DislikedI am a novice player in Forex Market. I started trading without any background and lost some money. Then I decided to learn how to trade! Anyway, I studied some books (Getting Started in Currency Trading, and the John Murphy's Technical Analysis book, and a couple more). Eventually I registered in a Technical Analysis course through Canadian Securities Institute.
I've already tried to develop some trading strategies and tested them on InterbankFx plattform. Apparently one the strategies works well. I'll be done with the Tech Analysis...Ignored
Disliked1. Is it really possible to make money for a living through FX market?Ignored
Disliked3. Is there a chance that I manage to quit my daytime job and stick to FX market as my only source of income?Ignored
Disliked5. Is there some body out there that really makes over $100k per month through Forex trading? If yes, how? Can I reach that point the future?Ignored
Disliked1. Is it really possible to make money for a living through FX market?
2. If yes, how long would it take?
3. Is there a chance that I manage to quit my daytime job and stick to FX market as my only source of income?
4. If yes, how long would it possibly take?
5. Is there some body out there that really makes over $100k per month through Forex trading? If yes, how? Can I reach that point the future?Ignored