Is forex is best source of income?

Forex is the best source of income because it is a very profitable business and very popular online business. According to my point of view, most of people's are doing work on forex and earn huge amount.most of people's meet our family expense through forex because is a profitable business. forex is the best source of income.

No it's not, it's very very volatile for everything you may even need this. So let's not say people how it's safe and cool to work with that entirely and clearly, because it's not guaranted money and many people will risk for nothing anyway.

its not too much dangerous if you are a professional in stock market , but if not then there is a real chance to bring losses by any leverage ratio. so , how much leverage profitable it depends on you

One should not depend solely on forex as the main source of income but with a big capital, good discipline and proper knowledge forex can be one of the best source of income.OUT!!!

Hi,
Actually forex is the best source of income or not it's depended on you forex related knowledge and your forex activitys. If you have experience on forex trading then you can earn more from this site. Actually forex trading is like a risky business. On this business who have enough knowledge, and technique he/she can earn more money form form trading. So, you need to learn more and more about forex for earning more money.

Thank you..

I really think trading is one of the best source of income since when a man have his own profitable skills its basically printing USD

I absolutely agree that forex gives the opportunity to earn the maximum amount as we can.

Knowledge, experience, ability to navigate in various situations on the market will allow you to increase your deposit, make a profit and not merge in the event of a price reversal against an open position.

It definitely is!

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.

Thing is the market is very unpredictable and you will never know for sure whether you will be gaining or losing...if you are an experienced full time trader, you might be feeling that it is definitely a source of your income...

I think Forex is very risky business because the success rate is only 5% and 95% lose their funds

When you trade forex you should be placing your order based on probability. I have read a lot of how bank trader work and believe me it's not complicated. They don't waste their time on indicator and other bullshit. It's mostly fundamentals. Then on the chart you place support and resitance line and you just wait for the breakout. That increase a lot your probability. And don't forget to have a ratio of 3:1 which mean per example TP of 75 pips and SL of 25 pips.

I keep going on but I have been trading for 11 years and I make money. Be patient is the key and don't place an order just because you want to make money fast.


I do have some EA and they do the work. But they require intervention to align them with the fundamentals. Believe me I saw a lot of youtube and the vast vast majority are bullshit. People talk about indicators combination and they have zero knowledge why the currency moved on a direction.

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.

Right. Its a good source of income but won't call it best as it has attached risk with it.

Forex is a terrible source of income for 95% of those who lose money from it!!! For the 1% who make thousands of dollars it is awesome

Doesn't look like it to me. Forex is not the best source of income. Usually, few people manage to trade professionally and live from this income. Most people don't always understand how to trade profitable and often lose money. And besides, trading is quite risky and it isn't always possible to know whether a deal will be successful or not. So to me, forex is more of a source of some additional income.

Dictiony posted:
Forex is the best source of income because it is a very profitable business and very popular online business. According to my point of view, most of people's are doing work on forex and earn huge amount.most of people's meet our family expense through forex because is a profitable business. forex is the best source of income.

Some people have a misconception that forex trading can lead to massive losses. I find this misleading because forex trading is profitable and it is the main source of income for many people. In order to make it profitable you need to understand the trading strategy.

Amir90 posted:
I think Forex is very risky business because the success rate is only 5% and 95% lose their funds

With good money management with a nice deposit, forex is the best for me, and made me who I'm today. If you want to make it in forex, large deposit with good money management, don't even try to start trading with $100, except you are a pro trader and just want to use the $100 for system testing and you are also ready for the stress that is coming with trading such balance.
If I want to do system updates and testing, I use 1k and above and withdraw after done.
To make forex your source of income, you really need to fund with nice capital. I turn down clients with not so interesting capitals, You need nice deposits to make a good trading plan and profits with no stress.

And don't forget to always trade with stoplosses and this is the key to good money management and e trading.