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Live off of Forex only?

  • #1
  • First Post: May 20, 2017 7:42am May 20, 2017 7:42am
Hello everyone, I'm a beginner and I wanted to ask you the following question?

Can we really live forex in the long run and with good remuneration?

History of whether providing all these efforts to train me to the maximum will serve me?

Thank you for your response
  • #2
  • May 21, 2017 5:10am May 21, 2017 5:10am
Trading is a profession. Like any other profession, it has a small percentage of highly successful practitioners and a high percentage of average or mediocre performers. And just like any other profession, it takes a lot of learning, understanding the mechanics of the markets, acquiring skills and experience and working out tactics and strategies that you can follow.

Whether or not you'll be able to make a decent living out of it depends upon several factors. Having a will to succeed and ability to persist despite setbacks and heartbreaks are probably the things that will help you most. And be ready for several years' hard work before you can be truly successful.

Forex is just one of scores of markets that a trader can trade. Once you master market analysis, you can probably trade any market that moves with a high chance of success.
  • #3
  • May 21, 2017 9:17am May 21, 2017 9:17am
This business isn't that much easier because it is very professional market and does not allow traders to make mistakes however we see many successful traders living up a luxury life. But if we peep into how they made their ways to success they will tell you that how hard they had made it through a lot of patience, consistency and letting go the losses they made in past.
  • #4
  • May 22, 2017 5:33am May 22, 2017 5:33am
Well, Forex trading business is the most standard way of money making! It’s not easy actually! So, you are not sure about your success please don’t take this profession as your full time job! Start your trading as a part time trader, then move here according to your live trading performances! If you get regular income then surely you can stay here as like others newbie!
  • #5
  • May 22, 2017 5:47am May 22, 2017 5:47am
While making enough profit from Forex trading is possible, one should be aware that it takes a long time and a lot of effort to get there. It's not a skill that one can learn overnight.
  • #6
  • May 24, 2017 5:08pm May 24, 2017 5:08pm
with USD 1000, you can make around USD 50 every 10 pips. every day. don't be greedy. and then increase your capital.




Quoting Pixlab
Hello everyone, I'm a beginner and I wanted to ask you the following question? Can we really live forex in the long run and with good remuneration? History of whether providing all these efforts to train me to the maximum will serve me? Thank you for your response
deep RoT is essential for everlasting happyness
  • #7
  • May 25, 2017 4:08am May 25, 2017 4:08am
Of course, you can make a good living out of FX trading. The Question is, are you prepared to dedicate the time and patience needed to be successful.
  • #8
  • May 25, 2017 6:45am May 25, 2017 6:45am
Quoting UlliC
Of course, you can make a good living out of FX trading. The Question is, are you prepared to dedicate the time and patience needed to be successful.
Is it that certain? 95% of traders lose money. I do think it's possible, but it's a long, difficult road and one should be prepared for that.
  • #9
  • May 25, 2017 10:19pm May 25, 2017 10:19pm
Definitely possible as long as you're willing to learn and have sufficient capital that you can manage your risk for the long term and still generate sufficient returns
  • #10
  • May 26, 2017 1:41am May 26, 2017 1:41am
Its about first mastering yourself before mastering any system. If you have no control over your emotions, even the best system can not bring you wealth. After losing a couple of trades in a row its very hard to not let emotions get the better of you. I know it all too well.
  • #11
  • May 26, 2017 7:33am May 26, 2017 7:33am
Quoting Jan81
Its about first mastering yourself before mastering any system. If you have no control over your emotions, even the best system can not bring you wealth. After losing a couple of trades in a row its very hard to not let emotions get the better of you. I know it all too well.
I agree. Anyone who has not mastered themselves has no business making a living out of trading.
  • #12
  • May 26, 2017 1:53pm May 26, 2017 1:53pm
Honestly speaking , if anyone thinking it is possible to make money from here very rapidly he has been living in a fool’s paradise, because there is nobody who can predict the real faction of this market with certainly. The success is related with long term process in Fx so we have to be patience first of all , otherwise we will be loser.
  • #13
  • May 27, 2017 3:14am May 27, 2017 3:14am
Quoting Banet
Honestly speaking , if anyone thinking it is possible to make money from here very rapidly he has been living in a fools paradise, because there is nobody who can predict the real faction of this market with certainly. The success is related with long term process in Fx so we have to be patience first of all , otherwise we will be loser.
There are probably some people who started profiting pretty quickly once they started trading, but they are so few and far between that they are the exceptions and not the rule. Err on the side of caution and don't try to hurry the process, you'll only lose money.
  • #14
  • May 27, 2017 5:45am May 27, 2017 5:45am
Quoting Banet
Honestly speaking , if anyone thinking it is possible to make money from here very rapidly he has been living in a fools paradise, because there is nobody who can predict the real faction of this market with certainly. The success is related with long term process in Fx so we have to be patience first of all , otherwise we will be loser.
Yes, I came into the world of fx while I was looking on the internet searching for ways to make money. There is a lot of misleading information about fx and how easy it is to make money in this business. I was also one who believed that, but it turned out to be quite the opposite. Its very easy to lose and very hard to win in the long run.
  • #15
  • May 29, 2017 5:45am May 29, 2017 5:45am
These advertisements are so damaging. They create false expectations in traders and give the whole industry a poor reputation. They're not helping anyone.
  • #16
  • May 29, 2017 6:55am May 29, 2017 6:55am
Yes most times those websites wwho claim this can earn a commision for bringing in a new member to the broker, so they tell you about everything you wanna hear just to get you onboard.
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