Forex your second source of income

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

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.

You %80 percent of traders are in financial debt rather than financial freedom.

Start as a part-timer but aim for becoming a full-timer in the forex market.

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.

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.

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.

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.

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.

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 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.

Unellene posted:
everyone has their own profit option, but I agree about forex - a great option, but not for everyone

Agreed buddy!
Forex is a great option for making money but it's not for those who have no understanding of the market, are fearful of volatility and allow emotions fuel their decisions.

@Smith_fx you are so right. These are the very people who enter the market with a hope of making huge profits but end up being broke. It requires a strong mind to survive in the market which goes through continuous ups and downs.

The idea of your tips is right, but they are too vague. I mean that It is common sense that you need to choose the best strategy. The question is where to find these strategies and how to understand that this strategy is the best?

That is a nice overview what trading is all about. A newbie should also understand that markets are different. I mean that stock markets are different from the forex market and commodity market. So, you'd better concentrate on a single market and learn it.

Forex as the second source of income, I think good to make diversification investment, not only in forex but an investor can make a balancing for portfolio investment, like as buy stocks or mutual funds or bond, forex is high gain business but also high-risk business, treat as the main source maybe if lack confidence will make a trade under pressure, profit today is not guarantee will profit again tomorrow

Account managers would not be a safe option, there is no easy route to make money

I strongly advise you to build a solid plan that allows you to gradually turn to trading in the foreign exchange market for income if you are interested in trading in the foreign exchange market for income. Although you may think that your trading performance will be better when you devote all of your practical energies to trading in the forex market, this is not always the case. Even if it is reasonable to think that more time means more money, you will not necessarily make more money through speculation compared to trading Forex with poses.

Williamfreed posted:
I strongly advise you to build a solid plan that allows you to gradually turn to trading in the foreign exchange market for income if you are interested in trading in the foreign exchange market for income. Although you may think that your trading performance will be better when you devote all of your practical energies to trading in the forex market, this is not always the case. Even if it is reasonable to think that more time means more money, you will not necessarily make more money through speculation compared to trading Forex with poses.

'Even if it is reasonable to think that more time means more money, you will not necessarily make more money through speculation compared to trading Forex with poses.'
Strongly agree with point buddy!