Is forex is best source of income?

The majority of people in forex earn a lot of money? You sure about that?

Trading in Forex involves a high level of risk. Before you go all out on your capital, or make trading your daily business, you should learn about the strategies fully.

I wouldn't say that trading is the best income source, cause its too difficult. I would start with something else

Nah, I would say forex is a really good source of income but because of its increasing risks, it’s not the best there is.

It seems quite enchanting at first, but when someone enters the world of forex, then they realise how difficult and risky the game is. So I’d not use the term ‘the best source’, as it really depends on an individual, but there are so many risks involved in forex and the market is volatile and unpredictable, so it may or may not be the best source of income, it depends upon how someone perceives forex to be.

No, that’s not true. Forex trading is cool but you can’t depend on it for a regular source of income. It’s risky and you can never be sure about the results you may get. So, it’s best to keep it as your secondary source of income.

Teutomania posted:
No, that’s not true. Forex trading is cool but you can’t depend on it for a regular source of income. It’s risky and you can never be sure about the results you may get. So, it’s best to keep it as your secondary source of income.

I agree with this 100%

I wouldn’t call it the best source of income, rather one of the alternative sources of income because the market has a lot of risk and is more complex than you would think. Hence, it isn’t the best source of income but a great platform to earn from if you know what you are doing.

there is no platform who can bring profit without discipline and hardly dedication.

No matter which profession in the world you choose for yourself, you will have to work for it. The harder you work, the better you earn. The same is the case with forex trading also. There is nothing like the best source of income in general; you find it for yourself.

Fx can be a good source to earn money, not quick. It takes a lot of hard work and dedication to reach the end goal you set as you start. So set realistic expectations. Apply risk management strategies and watch out for opportunities that promise good profit.

The actual answer relies on the traders who are directly involved in forex trading for a long year. For a wise trader, it's the best source of earning huge money. But for a beginner, it's quite uncertain.

It can be a good source of income only if you learn constantly and improve your techniques by using the tools available to make good regular profit. To those who do not understand the importance of risk management, they will fail horribly.

You can make money from the forex market only if you are well-versed with all its concepts. If you're already familiar with the forex market, you'll be able to make more money. Forex trading comes with a high degree of risk, so only those who have a good deal of experience and skill in trading can achieve success in it. So, if you want to make money trading forex, you'll need to keep up with the latest trends but at the same time have a strong foundation of the basics of forex.

Forex trading is surely a rewarding career but it may not be the one for everyone. You should have some risk bearing capacity to become a forex trader. Also it takes some time to become profitable. Trading is not an easy job but you can find an edge with knowledge and skills.

Forex is totally the best. You can make money any time of day, with small capital and if price goes up you can make money and if price falls you can make money.

Forex is like any other business or work, the way you have good lawyers and bad ones good engineers and bad ones so also you have good traders and bad ones. It all depends on you.

TraderProHungary posted:

richard2 posted:
I believe best side income but not one to sustain a life. Its risky and with it you can depend on livelihood at all times.

I don't agree with this, Good capital and Strict money management and you are good, don't wait till I upload 6 years history with with withdrawals before you get serious and know that most of us trade for a living

Of course, Forex is open to all; but don’t count this money making opportunity as an easy option! Forex is so much difficult, here more than 90% traders are the losers!

I do think that forex is a great source of income for a lot of people, it has provided a great medium for many of us to earn money online. But how well we do it totally depends on our skills and hard work.