Is forex is best source of income?

Apr 15, 2020 at 13:07
7,036 Views
149 Replies
Member Since Apr 01, 2020   231 posts
Apr 15, 2020 at 13:07
Forex is the best source of income because it is a very profitable business and very popular online business. According to my point of view, most of people's are doing work on forex and earn huge amount.most of people's meet our family expense through forex because is a profitable business. forex is the best source of income.
Member Since Sep 22, 2019   24 posts
Apr 15, 2020 at 18:08
No it's not, it's very very volatile for everything you may even need this. So let's not say people how it's safe and cool to work with that entirely and clearly, because it's not guaranted money and many people will risk for nothing anyway.
Member Since Aug 11, 2017   886 posts
Apr 16, 2020 at 06:56
its not too much dangerous if you are a professional in stock market , but if not then there is a real chance to bring losses by any leverage ratio. so , how much leverage profitable it depends on you
Member Since Apr 14, 2020   1 posts
Apr 16, 2020 at 09:24
One should not depend solely on forex as the main source of income but with a big capital, good discipline and proper knowledge forex can be one of the best source of income.OUT!!!
Member Since Apr 04, 2020   38 posts
Apr 16, 2020 at 12:02
Hi,
Actually forex is the best source of income or not it's depended on you forex related knowledge and your forex activitys. If you have experience on forex trading then you can earn more from this site. Actually forex trading is like a risky business. On this business who have enough knowledge, and technique he/she can earn more money form form trading. So, you need to learn more and more about forex for earning more money.

Thank you..
Member Since Mar 20, 2020   5 posts
Apr 16, 2020 at 12:05
I really think trading is one of the best source of income since when a man have his own profitable skills its basically printing USD
Member Since Oct 07, 2019   39 posts
Apr 17, 2020 at 11:33
I absolutely agree that forex gives the opportunity to earn the maximum amount as we can.
Member Since Apr 04, 2020   57 posts
Apr 20, 2020 at 12:39
Knowledge, experience, ability to navigate in various situations on the market will allow you to increase your deposit, make a profit and not merge in the event of a price reversal against an open position.
Member Since Apr 20, 2020   1 posts
Apr 20, 2020 at 16:31
It definitely is!
Member Since Oct 19, 2019   38 posts
Apr 21, 2020 at 06:26
I believe best side income but not one to sustain a life. Its risky and with it you can depend on livelihood at all times.
Member Since Dec 09, 2019   60 posts
Apr 21, 2020 at 11:03
Thing is the market is very unpredictable and you will never know for sure whether you will be gaining or losing...if you are an experienced full time trader, you might be feeling that it is definitely a source of your income...
Member Since Apr 05, 2014   16 posts
Apr 21, 2020 at 13:52
I think Forex is very risky business because the success rate is only 5% and 95% lose their funds
Slow and steady wins the race
Member Since Jan 16, 2014   14 posts
Apr 21, 2020 at 14:46
When you trade forex you should be placing your order based on probability. I have read a lot of how bank trader work and believe me it's not complicated. They don't waste their time on indicator and other bullshit. It's mostly fundamentals. Then on the chart you place support and resitance line and you just wait for the breakout. That increase a lot your probability. And don't forget to have a ratio of 3:1 which mean per example TP of 75 pips and SL of 25 pips.

I keep going on but I have been trading for 11 years and I make money. Be patient is the key and don't place an order just because you want to make money fast.


I do have some EA and they do the work. But they require intervention to align them with the fundamentals. Believe me I saw a lot of youtube and the vast vast majority are bullshit. People talk about indicators combination and they have zero knowledge why the currency moved on a direction.
Member Since Feb 10, 2020   11 posts
Apr 22, 2020 at 14:01
Forex is a terrible source of income for 95% of those who lose money from it!!! For the 1% who make thousands of dollars it is awesome
Member Since Jul 01, 2019   30 posts
May 06, 2020 at 15:37
Doesn't look like it to me. Forex is not the best source of income. Usually, few people manage to trade professionally and live from this income. Most people don't always understand how to trade profitable and often lose money. And besides, trading is quite risky and it isn't always possible to know whether a deal will be successful or not. So to me, forex is more of a source of some additional income.
Member Since May 06, 2020   6 posts
May 08, 2020 at 07:12
Dictiony posted:
Forex is the best source of income because it is a very profitable business and very popular online business. According to my point of view, most of people's are doing work on forex and earn huge amount.most of people's meet our family expense through forex because is a profitable business. forex is the best source of income.
Some people have a misconception that forex trading can lead to massive losses. I find this misleading because forex trading is profitable and it is the main source of income for many people. In order to make it profitable you need to understand the trading strategy.
Member Since Jan 06, 2020   83 posts
May 08, 2020 at 07:38
Amir90 posted:
I think Forex is very risky business because the success rate is only 5% and 95% lose their funds

With good money management with a nice deposit, forex is the best for me, and made me who I'm today. If you want to make it in forex, large deposit with good money management, don't even try to start trading with $100, except you are a pro trader and just want to use the $100 for system testing and you are also ready for the stress that is coming with trading such balance.
If I want to do system updates and testing, I use 1k and above and withdraw after done.
To make forex your source of income, you really need to fund with nice capital. I turn down clients with not so interesting capitals, You need nice deposits to make a good trading plan and profits with no stress.
Market Direction
Member Since Jan 06, 2020   83 posts
May 08, 2020 at 07:40
And don't forget to always trade with stoplosses and this is the key to good money management and e trading.
Market Direction
Member Since Jan 06, 2020   83 posts
May 09, 2020 at 10:05
richard2 posted:
I believe best side income but not one to sustain a life. Its risky and with it you can depend on livelihood at all times.
I don't agree with this, Good capital and Strict money management and you are good, don't wait till I upload 6 years history with with withdrawals before you get serious and know that most of us trade for a living
Market Direction
Member Since Apr 04, 2020   57 posts
May 14, 2020 at 09:25
You can’t answer this question unequivocally, it all depends on how seriously you take it.
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