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Forex your second source of income

LeonRocky3
Feb 14 at 22:48
28 投稿
I'm hoping in a few weeks I'll be able to have a second income from my trading

Willemcurtis
Feb 15 at 10:30
26 投稿
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 at 12:39
25 投稿
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.

blackChelsea
Feb 19 at 12:12
60 投稿
Yes, for me it is! This gives me financial freedom.

Jungle78
Feb 19 at 12:28
34 投稿
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 at 12:30
34 投稿
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 at 12:31
34 投稿
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 at 12:34
34 投稿
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 at 05:37
102 投稿
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.

vanzadorbey (vanzadorbey)
Feb 20 at 09:20
31 投稿
You %80 percent of traders are in financial debt rather than financial freedom.

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