Of course, forex trading can be the best source of income. Trading is very difficult, but if you trade with proper knowledge, it will not take long to make a profit. It is possible to earn a lot of money from Forex if you can develop trading skills.
Just 20% of forex traders receive stable income, to work just on forex, it can take many years before you will see income. but if you found any good expert advisor, it will be very good passive income.
Forex can surely be a good source of income only if you have gained enough skills, knowledge are have a good capital to invest. When you invest more, just like any other multiplier, the profit gets multiplied many times.
It depends on how much you know, and if you are confident about using strategies that will help you make profits. Having the necessary skills and applying them to the best of your interest can work well for you.
If you actuall intend to make forex you source of income, start with a good capital. My first fund although not funded by me but client was 150k for a sharing profits, then after a year he introduced me to firm that hired me, that was over 20 years ago. Just a good capital and you are good with good returns. I have a lot of people apart from me who forex is now source of income. I really don't see my self doing any other thing apart from trading now, I have a lot of responsibilities to keep my clients happy each month, in return they keep me happy by paying me after withdrawal.So been in it for the past 20 years that I don't see any other thing to do. If you can be making continuous profits in forex, you actually see its fun to do and repeat all over again. That is my joy in this, I intended playing football back then, but I get more than what i need in trading and I lost interest in playing football. It's all about the Benjamins, if i could get it trading, why bother myself again?
Forex is a good source for making money, only if you are willing to work hard and learn to use that knowledge to the best of your interest. It is a gradual process but you will only get there by utilizing your knowledge and skills.
Forex traders who think always its easy money-making process, at the end of the day be a loser. its not a place to make money easily within rapidly, its all about making good knowledge and experience. take it or leave it. decisions is yours. thanks
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.