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Forex your second source of income

LeonRocky3
Feb 14 2021 at 22:48
posts 29
I'm hoping in a few weeks I'll be able to have a second income from my trading
Willemcurtis
Feb 15 2021 at 10:30
posts 26
fafduplesis posted:
Willemcurtis posted:
Stonesong posted:
At the moment, forex is an additional income for me, but I think that over time I will gain experience and practice and will be able to make it my main income.
It’s good to start forex alongside your main income, because initially you tend to lose money as you are in the middle of the learning process.
Also, you need money to trade which you'll only get if you have an income source. Once you have profits, you can continue to trade with them only.
You are correct but you don’t have to deposit huge amounts. You can start with a low amount of $5 also. I myself started with $10. I can agree that this depends on the broker only. Maybe that’s why I didn’t have to start with heavy amounts. I still trade through Turnkeyforex and XM and I have profits very frequently but I have a different source of main income also, because I still don’t consider myself that experienced.
fafduplesis
Feb 15 2021 at 12:39
posts 25
Willemcurtis posted:
fafduplesis posted:
Willemcurtis posted:
Stonesong posted:
At the moment, forex is an additional income for me, but I think that over time I will gain experience and practice and will be able to make it my main income.
It’s good to start forex alongside your main income, because initially you tend to lose money as you are in the middle of the learning process.
Also, you need money to trade which you'll only get if you have an income source. Once you have profits, you can continue to trade with them only.
You are correct but you don’t have to deposit huge amounts. You can start with a low amount of $5 also. I myself started with $10. I can agree that this depends on the broker only. Maybe that’s why I didn’t have to start with heavy amounts. I still trade through Turnkeyforex and XM and I have profits very frequently but I have a different source of main income also, because I still don’t consider myself that experienced.
I think I have to try other brokers too so that I can also make profits on low deposits. Right now I am paying a lot in the name of commissions.
Chelsea Blacks (blackChelsea)
Feb 19 2021 at 12:12
posts 125
Yes, for me it is! This gives me financial freedom.
Jungle78
Feb 19 2021 at 12:28
posts 105
LeonRocky3 posted:
I'm hoping in a few weeks I'll be able to have a second income from my trading
Thats a reasonable goal too many people get caught up with the FX IG BS !!
Jungle78
Feb 19 2021 at 12:30
posts 105
GeorgeBischof posted:
Forex is my one and only income source. I can make profit consistently from this market with my knowledge adn skills.
Well done my friend.
I hope someday to go FT i rhink its the end goal of everyone here
Jungle78
Feb 19 2021 at 12:31
posts 105
EllisParker posted:
Its better as part time than full time for me, keeping the risk in mind. Can't totally depend on it for income purpose.
Very good point dont put your eggs in one basket so to speak
Jungle78
Feb 19 2021 at 12:34
posts 105
Adribaasmet posted:
may be i saw same post in elitetrader Forum , by the way i always try to take my first choice as Forex but failed honestly so many times.
Keep trying mate use a FX Simulator to fast track those hours of practice
Joz8
Feb 20 2021 at 05:37
posts 104
blackChelsea posted:
Yes, for me it is! This gives me financial freedom.
This financial freedom is only the target or motivation that drives a trader here. Keep that going, aim for consistency and you'll go a long way in this field.
Vanza Dorbey (vanzadorbey)
Feb 20 2021 at 09:20
posts 31
You %80 percent of traders are in financial debt rather than financial freedom.
SofieAndreasen
May 03 2021 at 21:20
posts 759
Start as a part-timer but aim for becoming a full-timer in the forex market.
LukeRachel
May 04 2021 at 00:50
posts 477
It is possible to make a lot of money from forex trading. But I think of it as a second source of income. Because Forex trading gives me a lot of financial support.
Suradi (FXOday)
May 04 2021 at 21:20
posts 330
Fordrerne posted:
I think that forex can become not only a source of additional earnings - it all depends on your desire, lifestyle and, what to hide, your financial possibilities, because good profits are usually provided by good capital...
Yes I think so too, but the main point is about skill trading, although having huge capital but not supported by good skill, it will losing money, built up a good mindset indeed can improving trading skill, forex business can become the second source of income if trader already reached level profitable trader, but for losing trader forex is risky business. we also need to measure our own ability about this matter.
GabyForex007
May 05 2021 at 06:50
posts 2
Kip1990 posted:
I thought of trusting someone to manage my funds even as I learn.
So I would like you to introduce me to the best account managers
Hi Kip1990, I think your idea is very visionary one. You may kindly visit my post and also check the systems available.
Best regards.
Akasuki
May 05 2021 at 11:59
posts 532
Right now it's my first source of income. But to make it a main source of income, one needs time. It doesn't happen overnight. A lot of study and research is needed to understand the market.
Malcolm (GitHubRobot)
May 06 2021 at 10:20
posts 6
Well said Akasuki, understanding the market is the first key towards success. With a little more understanding of risk management approaches to investments, much confidence on continual success can be imbibed.
Succeed Through Persuasion
CraigMcG2020
May 06 2021 at 12:55
posts 353
GitHubRobot posted:
Well said Akasuki, understanding the market is the first key towards success. With a little more understanding of risk management approaches to investments, much confidence on continual success can be imbibed.

Completely agree and then psychology comes with experience. Persistence is the biggest key
RobSchiz
Sep 07 2021 at 20:32
posts 567
LukeRachel posted:
It is possible to make a lot of money from forex trading. But I think of it as a second source of income. Because Forex trading gives me a lot of financial support.
I take it as my main income source.
Unellene
Sep 08 2021 at 12:50
posts 283
everyone has their own profit option, but I agree about forex - a great option, but not for everyone
LukeRachel
Sep 08 2021 at 15:25
posts 477
RobSchiz posted:
LukeRachel posted:
It is possible to make a lot of money from forex trading. But I think of it as a second source of income. Because Forex trading gives me a lot of financial support.
I take it as my main income source.
Great, much better decision. Best of luck.
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