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Is Forex trading a viable source of income for a new trader?

Rocfella
Jun 14 at 09:52
2 příspěvků
I I am a rookie in forex trading. I just started learning the skill seriously. I have a lot of interest in forex trading, but i am not sure if it can be a good source of income. I have heard that it is only exceptional traders that make consistent profits from forex trading. Is it possible for an average trader to establish forex trading as a good source of income?
RasakiOnikoyi
Jun 14 at 10:02
1 příspěvků
Trading is the easiest way to make hardest money, You will need a lot of discipline and practice with a good Strategy and Money management to make consistent profit in the long run. Start with a demo account or little money you can afford and don't risk more than 5% of your capital, so yes it is very possible to trade and main source of income. Goodluck.
Rocfella
Jun 14 at 19:02
2 příspěvků
Thank you so much. I appreciate your reply
HeavenLeighGill (HeavLeighGill26)
Jun 15 at 14:31
284 příspěvků
I think it will take time to get there. What is your idea of an acceptable income? If you're looking to make a smaller amount, then it may not take as long to get there versus looking to make a few grand a month.
AndrewMcCalam54
Jun 17 at 05:13
125 příspěvků
RasakiOnikoyi posted:
Trading is the easiest way to make hardest money, You will need a lot of discipline and practice with a good Strategy and Money management to make consistent profit in the long run. Start with a demo account or little money you can afford and don't risk more than 5% of your capital, so yes it is very possible to trade and main source of income. Goodluck.
the perfect money management is really expensive and found to be rare.
Danny Gilbert (Whitethroat)
Jun 17 at 05:53
14 příspěvků
I meet people who really make a lot of money on forex.
But to do that you have to devote all your time to trading and study a lot.
Akasuki
Jun 19 at 14:27
532 příspěvků
Rocfella posted:
I I am a rookie in forex trading. I just started learning the skill seriously. I have a lot of interest in forex trading, but i am not sure if it can be a good source of income. I have heard that it is only exceptional traders that make consistent profits from forex trading. Is it possible for an average trader to establish forex trading as a good source of income?
Logically, new traders need to focus on only their learning process; because money making is not an easy option here! If new traders try to make money here. then surely he/she will face a huge amount of damage of his/her trading balance!
Sublimes
Aug 05 at 07:12
24 příspěvků
It sure is, only if new traders create a good system after analysing the market and maintain doc-line towards their plan, nothing can stop them from making profit but it takes time. It can’t happen overnight which is why realistic expectations must be set. Start small, learn and then expand, that is when you will start earning. Be patient and wait for good rewards to pour in.
Phorbic
Aug 11 at 10:34
6 příspěvků
I won’t say so because I have not met a single trader in my life who started making money from the very beginning of his career. It takes time to make money to develop a market instinct. If you can’t keep patience, you can’t reach what you want to.
AhmadAli89
Aug 11 at 12:38
62 příspěvků
Rocfella posted:
I I am a rookie in forex trading. I just started learning the skill seriously. I have a lot of interest in forex trading, but i am not sure if it can be a good source of income. I have heard that it is only exceptional traders that make consistent profits from forex trading. Is it possible for an average trader to establish forex trading as a good source of income?
Excessive trading gradually reduces your trading equity that turns into a giant form. But don’t be addicted to over-trading. Such thought weakens traders over time when they get losses constantly. This practice over and over is not fruitful for you. Get yourself taught about Forex.
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