People will tell you it isnt possible to make a living from forex

Variss

Active Trader
Sep 14, 2015
45
5
44
It is true that you can make your living solely from forex trading. But, dont think that this is easy to do. You will need several years of experience, good trading strategy, invested significant amount of money and cool mind. Choice is yours
 

hk_09

Banned
Oct 30, 2020
89
12
19
41
It is true that you can make your living solely from forex trading. But, dont think that this is easy to do. You will need several years of experience, good trading strategy, invested significant amount of money and cool mind. Choice is yours
Agreed, achieving the goal is possible no doubt, but the road to that achievement is not easy at all.
 

HeavenLeighGill

Active Trader
Aug 5, 2021
389
36
44
29
I believe it’s possible but you have to have the right mindset, education, and a big enough investment. Most people lack one or more of these. There was a study done at one point (don’t remember exact details- maybe someone else does) but they determined that you could make around 3k a month off a 30k investment. Of course, this was using a certain strategy that was mostly profitable but the point was just to provide a ballpark estimate of what one could expect.
 

fargana

Active Trader
Nov 14, 2022
223
29
39
34
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Hi all,

Hope you are well. Most people that we interact with on a daily basis will tell us that it is not possible to make a success or even a living from trading the forex markets. I was lucky enough to find a course that made me think different and gave me a positve perspective. I truly feel that we can all be a success, please leave reply's if you would like to discuss your own successful forex journeys or have questions on my journey into forex in particular.
Thank you for taking the time to read and I wish you all the best on whatever you decide

Thanks and Regards

Gurps
So can you share any practical advice how to improve our performance?
 

Antho

Trader
Mar 16, 2023
40
6
19
23
It's definitely possible to succeed in forex trading, but it's wise to have another source of income as well. Diversifying your income streams can provide financial stability while you build your trading skills.
 

Ara

Active Trader
Apr 24, 2023
140
27
39
34
Absolutely agree! Having another source of income is a smart move while you build your trading skills. Diversification provides financial stability.
 

Phill88

Banned
Dec 17, 2023
106
13
24
Germany
It's definitely possible to succeed in forex trading, but it's wise to have another source of income as well. Diversifying your income streams can provide financial stability while you build your trading skills.

Yes, that's great, but what other sources of income do you have in mind? A job?
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Absolutely agree! Having another source of income is a smart move while you build your trading skills. Diversification provides financial stability.
The question is what this source of income is, and how much of your time it takes. And how much time does it leave you for trading?
 

Ara

Active Trader
Apr 24, 2023
140
27
39
34
Yes, that's great, but what other sources of income do you have in mind? A job?
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The question is what this source of income is, and how much of your time it takes. And how much time does it leave you for trading?
For me, it's freelancing. It takes about 20 hours a week, leaving plenty of time for trading.
 
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Reactions: Phill88

Amy4

Trader
Mar 15, 2023
57
9
19
29
it's certainly possible to make a success out of trading forex but it's important to note that only a small percentage of traders achieve consistent success. Therefore, relying solely on forex for income can be risky.
 

Phill88

Banned
Dec 17, 2023
106
13
24
Germany
For me, it's freelancing. It takes about 20 hours a week, leaving plenty of time for trading.
How many hours do you typically spend trading each week?
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it's certainly possible to make a success out of trading forex but it's important to note that only a small percentage of traders achieve consistent success. Therefore, relying solely on forex for income can be risky.
I think we need to define what we consider 'success,' for example, in terms of money. So, the question is, if trading earns you $12,000 a year, does that make you a successful trader?