Forex your second source of income

May 02, 2020 at 21:33
3,055 Views
59 Replies
Member Since Feb 12, 2019   105 posts
Feb 19, 2021 at 12:34
Adribaasmet posted:
may be i saw same post in elitetrader Forum , by the way i always try to take my first choice as Forex but failed honestly so many times.
Keep trying mate use a FX Simulator to fast track those hours of practice
Member Since Nov 19, 2020   104 posts
Feb 20, 2021 at 05:37
blackChelsea posted:
Yes, for me it is! This gives me financial freedom.
This financial freedom is only the target or motivation that drives a trader here. Keep that going, aim for consistency and you'll go a long way in this field.
Member Since Jan 17, 2021   31 posts
Feb 20, 2021 at 09:20
You %80 percent of traders are in financial debt rather than financial freedom.
Member Since Jul 23, 2020   759 posts
May 03, 2021 at 21:20
Start as a part-timer but aim for becoming a full-timer in the forex market.
Member Since Mar 16, 2021   477 posts
May 04, 2021 at 00:50
It is possible to make a lot of money from forex trading. But I think of it as a second source of income. Because Forex trading gives me a lot of financial support.
Member Since Apr 03, 2021   470 posts
May 04, 2021 at 21:20
Fordrerne posted:
I think that forex can become not only a source of additional earnings - it all depends on your desire, lifestyle and, what to hide, your financial possibilities, because good profits are usually provided by good capital...
Yes I think so too, but the main point is about skill trading, although having huge capital but not supported by good skill, it will losing money, built up a good mindset indeed can improving trading skill, forex business can become the second source of income if trader already reached level profitable trader, but for losing trader forex is risky business. we also need to measure our own ability about this matter.
Member Since May 05, 2021   2 posts
May 05, 2021 at 06:50
Kip1990 posted:
I thought of trusting someone to manage my funds even as I learn.
So I would like you to introduce me to the best account managers
Hi Kip1990, I think your idea is very visionary one. You may kindly visit my post and also check the systems available.
Best regards.
Member Since Mar 28, 2021   617 posts
May 05, 2021 at 11:59
Right now it's my first source of income. But to make it a main source of income, one needs time. It doesn't happen overnight. A lot of study and research is needed to understand the market.
Member Since Jun 01, 2020   6 posts
May 06, 2021 at 10:20
Well said Akasuki, understanding the market is the first key towards success. With a little more understanding of risk management approaches to investments, much confidence on continual success can be imbibed.
Succeed Through Persuasion
Member Since Jul 20, 2020   399 posts
May 06, 2021 at 12:55
GitHubRobot posted:
Well said Akasuki, understanding the market is the first key towards success. With a little more understanding of risk management approaches to investments, much confidence on continual success can be imbibed.

Completely agree and then psychology comes with experience. Persistence is the biggest key
Member Since Mar 16, 2021   477 posts
Sep 08, 2021 at 15:25
RobSchiz posted:
LukeRachel posted:
It is possible to make a lot of money from forex trading. But I think of it as a second source of income. Because Forex trading gives me a lot of financial support.
I take it as my main income source.
Great, much better decision. Best of luck.
Member Since Jul 09, 2019   33 posts
Sep 09, 2021 at 06:54
Unellene posted:
everyone has their own profit option, but I agree about forex - a great option, but not for everyone
Agreed buddy!
Forex is a great option for making money but it's not for those who have no understanding of the market, are fearful of volatility and allow emotions fuel their decisions.
Member Since Jun 14, 2021   28 posts
Sep 14, 2021 at 06:03
@Smith_fx you are so right. These are the very people who enter the market with a hope of making huge profits but end up being broke. It requires a strong mind to survive in the market which goes through continuous ups and downs.
Member Since Dec 05, 2020   11 posts
Sep 25, 2021 at 16:05
The idea of your tips is right, but they are too vague. I mean that It is common sense that you need to choose the best strategy. The question is where to find these strategies and how to understand that this strategy is the best?
Member Since Feb 06, 2021   8 posts
Sep 27, 2021 at 20:32
That is a nice overview what trading is all about. A newbie should also understand that markets are different. I mean that stock markets are different from the forex market and commodity market. So, you'd better concentrate on a single market and learn it.
Member Since Apr 03, 2021   470 posts
Sep 28, 2021 at 00:21
Forex as the second source of income, I think good to make diversification investment, not only in forex but an investor can make a balancing for portfolio investment, like as buy stocks or mutual funds or bond, forex is high gain business but also high-risk business, treat as the main source maybe if lack confidence will make a trade under pressure, profit today is not guarantee will profit again tomorrow
Member Since Feb 08, 2019   57 posts
Sep 28, 2021 at 10:00
Account managers would not be a safe option, there is no easy route to make money
Member Since Aug 10, 2021   178 posts
Sep 28, 2021 at 11:01
I strongly advise you to build a solid plan that allows you to gradually turn to trading in the foreign exchange market for income if you are interested in trading in the foreign exchange market for income. Although you may think that your trading performance will be better when you devote all of your practical energies to trading in the forex market, this is not always the case. Even if it is reasonable to think that more time means more money, you will not necessarily make more money through speculation compared to trading Forex with poses.
Member Since May 27, 2021   64 posts
Sep 28, 2021 at 11:18
Williamfreed posted:
I strongly advise you to build a solid plan that allows you to gradually turn to trading in the foreign exchange market for income if you are interested in trading in the foreign exchange market for income. Although you may think that your trading performance will be better when you devote all of your practical energies to trading in the forex market, this is not always the case. Even if it is reasonable to think that more time means more money, you will not necessarily make more money through speculation compared to trading Forex with poses.
'Even if it is reasonable to think that more time means more money, you will not necessarily make more money through speculation compared to trading Forex with poses.'
Strongly agree with point buddy!
Member Since Jun 16, 2020   57 posts
Sep 29, 2021 at 10:09
@skihav I agree with you, like as a trader I consider forex trading a source of passive income for myself and it works pretty well, as it helps me avoid inflation with my additional income.
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