Is forex is best source of income?

I would state that forex trading is considered to be one of those activities which can generate money for you. Of course, nowadays there are plenty of activities, especially in the internet, which can also bring you money, nevertheless, forex trading remains one of the most popular, it attract plentyof people daily.
To my mind, the matter here is not to pay attention to money on your first steps in forex, because as a rule novices lose more than earn and it's really okay. They shouldn't take it serious because it's just a learning which will definitely turn into good money in future.

Well, it is hard to say for sure hether it is the best source of income or not because of the fact that all of the people are different. Some people feel fine trading currencies, while other people find this kind of activity very nervous and stressful. Forex surely has some strong points, but we shouldn't forget about its weak points as well. I feel that the major disadvantage of trading forex is that it is very unoredictable. Nobody can gurantee you that you'll be profitable even taking intoaccount the fact that you know lots of things about trading. Market may go every direction it likes irrespectively of our expectations and hopes.

It's considered to be one of the most popular source of income I guess. There are many other ways how to earn money online, however forex is hyped and there is plenty of buzz around it. Anyway, it's considered to be one of the most popular mainly becauyse all people can learn how to trade on forex. The vast majority of other activties requires some knowledge, while forex trading can be learnt even if you have never faced this type of activity earlier. In my opinion, in this case, forex trading might be considered as the best source of income, but remember that there is no fast income on forex. You have to pass many stages before start earning money.

It can be the best source of income for you if you manage to learn how to analyze the market and control your emotions. These are two must-have things to become a successful trader. On the other hand, a person may lack these qualities but nevertheless be able to succeed in another field. Not everyone can become a trader. If you are struggling to trade, then it might not for you.

@Gavik I agree with your point, which is why I trade along with a permanent source of income i.e. my regular job. I have a thought of taking forex trading full-time once I have an in-depth knowledge about the market and start making consistent profits.

In the past and in the present, forex trading has proven to be a sustainable income source for many households around the world. An online forex forum reports that many Americans earn a significant amount of money from forex trading to support their financial needs.

Forex trading becomes a good source of income after you gain some experience and expertise in the market. Before that, your career would be full of hits and misses.

No doubt Forex is a good source of income but for forex income, you need to spend hours and hours on the screen watching each candle very carefully and sometimes you feel very bored and of course, you will also be in some losses but struggle and consistency will make you stronger and stronger. In my opinion, after two to three years of struggle, you will be a successful trader.

use EA, no need to spend time on the screen to much brother

It's like saying making money by selling your art work when you can't actually paint yet. There is no guarantee that even if you learn the skill you can monetise it into a proper income stream. Most don't if we're honest.

Yes, forex is now a popular and profitable online business and it is believable so anyone can take it as a job or business and fulfill his dream of earning money from forex and helping to meet the needs of his family at the same time.

croisssan posted:
In general, Forex is a pretty good option for work. The main thing is to be ready to work.

In reality, Which traders have a good trading skill; they are able to make regular money here! But till now they are not making 100% profit; that’s the reality! Forex is all about the probabilities!

In my opinion, forex is a good source of money if you understand the market. The forex market is volatile and therefore risky. If you are familiar with market behaviour and are good enough in your ability to analyse and forecast, then surely you can make it a good income source.

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.

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.

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.

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.
BUT
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.

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.

Yes but only if you have right amount of knowledge and skills.