Forex trading is long time career to sustain daily life?

Dec 18, 2020
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Hi,

I always have this question in my mind and many of them having too. I always thinking professional full time Forex trader do really make money?, How much they make?, Is Forex trading is a really way to be rich?

I know some here some will say Yes or some say No.


peoples do Jobs, Offline business (Offices, Hotel, agency, etc), online business (Affiliate, Ecom, freelancer, advertising, etc) and others, to sustain there daily life and needs. These are the careers peoples choose and do full time successfully for longer time or lifetime.

But do peoples really make long time profit from trading for longtime/lifetime? can being a only full time Forex trader is enough to live a life and fulfill daily needs?

I know Rich peoples, Entrepreneur, Business man do trading in there regular life and earn a lot from them but for them trading is not a primary career, they do trading to secure there investments and to grow there profits. So is it good make trading as a primary career?

Anyone here, do trading for above 15+ years? and with only trading they living life?

Here, I am not talking about Forex brokers, Fund managers, IB/Affiliate Forex commission earner, Investment companies, Signal providers, EA/Indicators sellers, Forex/Meta-trader Freelancer, (Of course these peoples make tons of money) So exclude them. I am talking about Individual/Retail traders.

Can anyone answer this?
 

Resolve

Master Trader
Dec 7, 2013
424
7
54
Forex trading is type of business which can be risky for many traders, and this is why you will see many of the traders are making a loss here in this business. We must understand this fact that that making money from the business of Forex is one thing and being able to depend on this business for income is another thing.

A lot majority of the traders are doing their trading only on a part time basis.
 

e_abrams

Trader
Dec 11, 2020
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How much money a trader makes depends on how good they are at trading and how big their account is. Obviously a professional trader with a big trading account would be able to invest more and therefore profit more. That is, if they are good at trading.
 

vicjon1995

Active Trader
Sep 29, 2020
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It totally depends upon the skill set of the trader and also the amount of investment made matters. A higher lot size can bring higher profits but it can lead to losses too. So, make sure you study the market well and give good time to practicing.
 
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e_abrams

Trader
Dec 11, 2020
277
19
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It totally depends upon the skill set of the trader and also the amount of investment made matters. A higher lot size can bring higher profits but it can lead to losses too. So, make sure you study the market well and give good time to practicing.
I used to trade with too large lots as a newbie, and that led to nothing good. :(
 

Dora_WalletInvestor

Active Trader
Aug 17, 2020
210
27
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walletinvestor.com
It is possible to make a living from forex. It takes a lot of learning and practice, though, and you need to have a good amount of starting capital to make it work. You need money to make money here - therefore I don't know if forex is suitable as a "primary carreer" as it is not a way to get from zero to rich, but rather to make a living once you have capital to use.
I recommend you Van Tharp's book Trade Your Way to Financial Freedom - he writes a lot about how much capital you need, how to set goals, and also lists many examples of successful investors and other sources worth reading.
 

Zeenat shein

Banned
Apr 11, 2020
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A career as a forex trader can be lucrative, flexible, and highly engaging. There is a steep learning curve and forex traders face high risks, leverage, and volatility.