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Is forex is best source of income?

Gavirus
Jan 15 at 13:46
16 posts
Well, it is hard to say for sure hether it is the best source of income or not because of the fact that all of the people are different. Some people feel fine trading currencies, while other people find this kind of activity very nervous and stressful. Forex surely has some strong points, but we shouldn't forget about its weak points as well. I feel that the major disadvantage of trading forex is that it is very unoredictable. Nobody can gurantee you that you'll be profitable even taking intoaccount the fact that you know lots of things about trading. Market may go every direction it likes irrespectively of our expectations and hopes.
Gavik
Jan 20 at 20:40
18 posts
It's considered to be one of the most popular source of income I guess. There are many other ways how to earn money online, however forex is hyped and there is plenty of buzz around it. Anyway, it's considered to be one of the most popular mainly becauyse all people can learn how to trade on forex. The vast majority of other activties requires some knowledge, while forex trading can be learnt even if you have never faced this type of activity earlier. In my opinion, in this case, forex trading might be considered as the best source of income, but remember that there is no fast income on forex. You have to pass many stages before start earning money.
Fidely
Feb 03 at 14:34
15 posts
It can be the best source of income for you if you manage to learn how to analyze the market and control your emotions. These are two must-have things to become a successful trader. On the other hand, a person may lack these qualities but nevertheless be able to succeed in another field. Not everyone can become a trader. If you are struggling to trade, then it might not for you.
miguelcaron
Feb 17 at 05:28
70 posts
@Gavik I agree with your point, which is why I trade along with a permanent source of income i.e. my regular job. I have a thought of taking forex trading full-time once I have an in-depth knowledge about the market and start making consistent profits.
TraderIvana
Feb 17 at 06:15
34 posts
Indeed forex is a good source of income but it's not the only good source. It varies from person to person. or I should say trader to trader. Some like forex, while others like cryptos, stocks or other markets.
croisssan
Feb 17 at 14:33
939 posts
In general, Forex is a pretty good option for work. The main thing is to be ready to work.
Pogonip
Feb 21 at 03:52
24 posts
No, it isn’t because it’s very risky and you won’t start making profits from the beginning as you would have done had you taken up a job. I consider it as a good source of additional income and that’s why I have been trading forex along with my job.
Williamfreed
Feb 22 at 02:13
176 posts
In the past and in the present, forex trading has proven to be a sustainable income source for many households around the world. An online forex forum reports that many Americans earn a significant amount of money from forex trading to support their financial needs.
ceceliagreerr
Feb 22 at 05:03
30 posts
Forex trading becomes a good source of income after you gain some experience and expertise in the market. Before that, your career would be full of hits and misses.
Mudassar Rasheed (mudassarbwn)
Feb 23 at 07:34
2 posts
No doubt Forex is a good source of income but for forex income, you need to spend hours and hours on the screen watching each candle very carefully and sometimes you feel very bored and of course, you will also be in some losses but struggle and consistency will make you stronger and stronger. In my opinion, after two to three years of struggle, you will be a successful trader.
ArifAdam
Feb 23 at 08:33
1 posts
use EA, no need to spend time on the screen to much brother
skihav
Feb 23 at 13:56
801 posts
It seems to me that forex trading is quite a good option. At least with the right approach, this option can be quite interesting.
Briosody
Apr 21 at 05:58
44 posts
Forex can be the best source of income for anyone who’s ready to put in the hard work. But the journey to become a successful profitable trader is full of ups and downs. Before trading, you should check whether you can tolerate the risk you’re taking.
Familistery
Apr 26 at 05:31
29 posts
I won’t call forex the best source of income as I know that it’s not easy to generate regular income with it. The forex market is always moving and you may not be able to predict it accurately every time. So, if possible, trade forex part-time and take a regularly paying job so that you don’t have to go through hard days.
Seb King (sebking1986)
Apr 26 at 11:47
510 posts
It's like saying making money by selling your art work when you can't actually paint yet. There is no guarantee that even if you learn the skill you can monetise it into a proper income stream. Most don't if we're honest.
If you can't spot the liquidity then you are the liquidity.
Williamfreed
Apr 27 at 01:27
176 posts
Yes, forex is now a popular and profitable online business and it is believable so anyone can take it as a job or business and fulfill his dream of earning money from forex and helping to meet the needs of his family at the same time.
Akasuki
Apr 27 at 06:40
572 posts
croisssan posted:
In general, Forex is a pretty good option for work. The main thing is to be ready to work.
In reality, Which traders have a good trading skill; they are able to make regular money here! But till now they are not making 100% profit; that’s the reality! Forex is all about the probabilities!
Vomitoryy
Apr 27 at 12:39
28 posts
In my opinion, forex is a good source of money if you understand the market. The forex market is volatile and therefore risky. If you are familiar with market behaviour and are good enough in your ability to analyse and forecast, then surely you can make it a good income source.
Adamandeve
Apr 27 at 19:49
28 posts
I believe it is a good source, although more than 70% lose money in forex.
It is necessary to understand the market and the tools and strategies you want to use, and that usually takes a long time.
I do not believe that chasing big profits is a good long-term strategy for most people. It's very stressful...
IMO it's better to find good strategies and have strict risk management.

Excesses usually lead to euphoria and greed, and greed leads to loss.
Ask, and you will receive; seek, and you will find; knock, and it will be opened to you.
heidisandoval
May 04 at 07:13
17 posts
Yes it is but only to the professional & experienced forex traders. Indeed the market is profitable but you must keep in mind that it takes years of learning and experience and don’t think that you’ll start earning profits overnight. I would suggest you to not make it your primary income source as it is very risky and volatile. No one knows where the market will head and it is better not to take risk.
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