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Is forex is best source of income?

Apr 15, 2020 at 13:07
156 Replies
Member Since Apr 05, 2021   29 posts
Apr 27, 2022 at 19:49
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.
Member Since Dec 17, 2020   17 posts
May 04, 2022 at 07:13
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.
Member Since Aug 05, 2021   401 posts
May 04, 2022 at 14:43
I think forex trading is one of the most potentially lucrative jobs someone can do from home, it certainly beats doing paid surveys and other time wasting methods. However, it isn't good for everyone and many do lose money doing it. It's only worth doing if you have time and effort to put into it and aren't looking for a quick buck.
Member Since May 25, 2020   20 posts
May 10, 2022 at 19:40
Fx trading? Nah, of course, but it's one of the most available. I critically relate to FX trading because once it created for me lots of problems.
Recently I has overpassed th level of fear which I had in relation to fx trading and started trading again. These days I have a constant income and my daily profit is about 5-7%. It's better than nothing especially taking into consideration the fact that I faced difficulties in this activity.

Anyway, if you wanna reach results in fx trading you should work a lot and devote lots of time to this activity. I was wrong when I thought that trading is just a scam, everything was because of my ignorance and stubbornness.
Member Since May 05, 2022   20 posts
May 16, 2022 at 04:28
I would say yes. But don't bite more than you can chew. Start with small amounts (or even a demo account for a while) and once you get the hang of it then put some money aside to trade normally.
Member Since Sep 08, 2020   32 posts
May 16, 2022 at 08:15
Yes but only if you have right amount of knowledge and skills.
Member Since Apr 14, 2022   3 posts
May 18, 2022 at 11:39
Forex is the best source of income because it is a highly profitable and well-known online business.
According to my opinion, the majority of people work on forex and earn a lot of money.
Because forex is a profitable business, most people use it to cover their family's expenses.
The best source of income is forex.
Member Since Apr 09, 2019   538 posts
May 18, 2022 at 12:18
The majority of people in forex earn a lot of money? You sure about that?
If you can't spot the liquidity then you are the liquidity.
Member Since Apr 04, 2022   3 posts
May 19, 2022 at 07:44
Trading in Forex involves a high level of risk. Before you go all out on your capital, or make trading your daily business, you should learn about the strategies fully.
Catch Desirable Opportunities
Member Since May 18, 2022   4 posts
May 19, 2022 at 14:12
I wouldn't say that trading is the best income source, cause its too difficult. I would start with something else
Member Since May 13, 2022   23 posts
May 23, 2022 at 11:23
Nah, I would say forex is a really good source of income but because of its increasing risks, it’s not the best there is.
Member Since May 13, 2022   34 posts
May 26, 2022 at 07:41
It seems quite enchanting at first, but when someone enters the world of forex, then they realise how difficult and risky the game is. So I’d not use the term ‘the best source’, as it really depends on an individual, but there are so many risks involved in forex and the market is volatile and unpredictable, so it may or may not be the best source of income, it depends upon how someone perceives forex to be.
Member Since May 13, 2022   22 posts
May 27, 2022 at 05:29
No, that’s not true. Forex trading is cool but you can’t depend on it for a regular source of income. It’s risky and you can never be sure about the results you may get. So, it’s best to keep it as your secondary source of income.
Member Since May 27, 2022   12 posts
May 27, 2022 at 10:42
Teutomania posted:
No, that’s not true. Forex trading is cool but you can’t depend on it for a regular source of income. It’s risky and you can never be sure about the results you may get. So, it’s best to keep it as your secondary source of income.

I agree with this 100%
Member Since Feb 20, 2021   78 posts
Jun 02, 2022 at 05:56
I wouldn’t call it the best source of income, rather one of the alternative sources of income because the market has a lot of risk and is more complex than you would think. Hence, it isn’t the best source of income but a great platform to earn from if you know what you are doing.
Member Since Jun 12, 2021   132 posts
Jun 02, 2022 at 09:00
there is no platform who can bring profit without discipline and hardly dedication.
Member Since May 24, 2022   17 posts
Jun 03, 2022 at 12:45
No matter which profession in the world you choose for yourself, you will have to work for it. The harder you work, the better you earn. The same is the case with forex trading also. There is nothing like the best source of income in general; you find it for yourself.
Member Since Jun 02, 2022   24 posts
Jun 08, 2022 at 05:39
Fx can be a good source to earn money, not quick. It takes a lot of hard work and dedication to reach the end goal you set as you start. So set realistic expectations. Apply risk management strategies and watch out for opportunities that promise good profit.
Member Since Mar 11, 2022   38 posts
Jun 09, 2022 at 04:50
The actual answer relies on the traders who are directly involved in forex trading for a long year. For a wise trader, it's the best source of earning huge money. But for a beginner, it's quite uncertain.
Member Since May 24, 2022   28 posts
Jun 13, 2022 at 10:01
It can be a good source of income only if you learn constantly and improve your techniques by using the tools available to make good regular profit. To those who do not understand the importance of risk management, they will fail horribly.
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