Can one earn a living from Forex?

yes you can and many people do, but it takes a lot of learning and a lot of patience to become good enough to make a living from, i still have a long way to go before i get to that level but in the mean time its a great addition to the income streams i already have.

If you keep losing for 1 year , you should know , get a proper job and stop gambling.If you lose for a month , market is saying you are gambling.
 

Miller.d43

Newbie
Jul 24, 2018
23
0
2
34
you should trade full time, only when you are able to make a living out of it. else, do keep your regular job
 
you should trade full time, only when you are able to make a living out of it. else, do keep your regular job

That is not correct .If you have a profitable EA , you don't need to trade , EA will trade for you.

On forums you get blind leading the blind
 

TracyMorninge

Trader
Oct 13, 2017
11
0
17
29
Yes, I make a profit on forex every year. It is not as unusual as it appears.

CitiBank used to have a retail forex operation, but that was closed down a couple of years ago due to changes to U.S. law that made the venture not as profitable as their parent CitiGroup thought was prudent.

CitiFx published outstanding materials for their clients. One of which was on the profitability of retail forex traders.
The short answer is that for high net worth clients approximately 40% are profitable.

A far cry from the statistic that 90% are losers. This 90% figure has no basis in fact, but has been repeated so often it is taken to be part of the gospel of retail forex. For Citi clients with lower balances the rate of profitability dropped off so that only 20% were profitable.

There was a post earlier today citing a BBC news article about changes the FCA wants to make to UK brokers. One of the changes is that brokers are to advise that 80% of traders lose money. The obvious implication being that 20% achieve break-even or better. For low dollar accounts this statistic seems to fit with the American data from Citi.

I would suggest that your source data is the flaw. Internet forums are filled with trolls, scam artists, and fantasists. Genuine discussion among long term profitable traders would be very difficult to find. I shall stop there.
 

momo3HC

Active Trader
Feb 16, 2019
230
39
34
34
It is possible for sure but Forex is risky. For me the best choice is multiple streams of income, doesn`t matter the exactly sphere.
 

Ray316

Trader
Aug 27, 2019
10
4
8
40
Yes, it is entirely possible.
But it isn't easy.
You can't just come in and expect to be making tons of money by week's end.
It takes time, learning, putting a system in place, perfecting that system, some more study, patience, discipline and a willingness to LOSE quite a lot.

When you have all those things - you're ready to start trading.
But be ready for a marathon - not a sprint.
 
  • Like
Reactions: momo3HC

momo3HC

Active Trader
Feb 16, 2019
230
39
34
34
Yes, it is entirely possible.
But it isn't easy.
You can't just come in and expect to be making tons of money by week's end.
It takes time, learning, putting a system in place, perfecting that system, some more study, patience, discipline and a willingness to LOSE quite a lot.

When you have all those things - you're ready to start trading.
But be ready for a marathon - not a sprint.
Exactly. ;)
 

REB_FX

Trader
Feb 8, 2019
51
1
14
35
Yes, for sure, if you have the bank size and consistency in your strategy why not?
 

Jack Guill

Newbie
Sep 20, 2019
10
0
1
31
Obviously, people can earn good money from this highly volatile sector of trading. But, to do so, a trader needs to dedicate a good amount of time to learn and to apply and to understand the market thoroughly. One can constant his or her earning through Forex trading if the person determine to flourish his or her career in this field.
 
Aug 16, 2019
27
2
19
Cardiff
I've been trading for 4 years and also invest in rental property. I try to keep both separate so Forex capital was solely 2 years of savings from when i used to work full time and is now my full time job. Rental property is where my money goes to be invested from the Forex savings now. So completely achievable to make a living from Forex trading :)
 

Steveday

Newbie
Sep 2, 2019
21
2
4
43
Yes many people do, although it can take years to reach this point. It takes a lot of discipline and hard work.
 

K_Robdog

Trader
Nov 2, 2019
9
0
6
38
It's certainly possible. Start off small and find a strategy which suits your needs. Fine tune it and then upscale. Never risk more than you can afford to loose.