Is forex is best source of income?

Apr 15, 2020 at 13:07
7,175 Visa
149 Replies
Medlem sedan Jun 30, 2022   1 inlägg
Jul 02, 2022 at 12:48
In my opinion, Forex is not the most ideal source of income, but not the worst either. Forex trading requires a lot of dedication, but the rewards for this can be very large.
Medlem sedan Jul 13, 2022   32 inlägg
Jul 28, 2022 at 06:54
The finest passive income source is forex. It can be a good source of long-term income if you have a good trade understanding.
Medlem sedan Jun 26, 2020   327 inlägg
Aug 09, 2022 at 02:48
Forex is a great source of income if you have a positive purpose , otherwise this platform could be a worst part.
Medlem sedan Aug 03, 2022   25 inlägg
Aug 12, 2022 at 10:58
I don’t think that forex trading is a good source of income when the number of losing traders is quite high. If you are planning to build your career as a forex trader, be ready for losses before you expect to make any profits.
Medlem sedan Dec 13, 2019   17 inlägg
Aug 17, 2022 at 20:02
I think Forex is one of the best sources of income.
You can't call it the best. One simple reason.
It's a lot of risk and it's really hard work.
As for the rest, like I said, 'I think Forex is one of the best sources of income!'
Let's think about why.
1. Forex trading is something you can do at home. All you need is a computer and the internet.
2. it is a free schedule. Forex market works 24 hours. You can work whenever you want!
Not much money to start. Most brokers have minimum deposit less than $500.
4. Unlimited income. Only trader can determine the level of monthly profit.
As you can see this is a really cool job.
But everyone should understand the fact that you have to study a lot, train and improve your skills.
Medlem sedan Aug 16, 2022   2 inlägg
Aug 17, 2022 at 21:52 (redigerad Aug 17, 2022 at 21:53)
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.

Forex can indeed be very lucrative and yield good income if you first understand the basic makeup of economics. We wouldn't call it an online business though. A business is a legal entity that makes money by offering solutions to a market that demands it. Trading is taking advantage of market movements and/or trends.

While it is true that there are certain persons that make large returns on their trading, it is also true that they trade on margin that gives them leverage to do this. If the market goes against them, losses can add up quickly, and lots of hard work may be wiped out.

It is in our opinion better to approach Forex as an asset class like stocks, real estate, gold etc, to either supplement income from your prime business (for example for hedging, if you sell to foreign markets), or if you're a wage earner, to treat forex as an asset in your portfolio next to other types of trading/investment assets.

- Henrik Schmidt, DormicoFX ©2022

'Your vision is just one trade away'
Your Vision Is Just One Trade Away...
Medlem sedan Aug 02, 2022   18 inlägg
Aug 19, 2022 at 04:11
Forex trading is a great way to gain money, for sure. However, there are a number of variables that determine how much money you can make. Therefore, before you jump into forex trading, it is recommended that you acquire and hone your market knowledge and expertise.
Medlem sedan Aug 02, 2022   24 inlägg
Aug 22, 2022 at 11:22
I don’t think it is since not every trader is able to make money. Some traders don’t even make a single profit because of the constantly changing market conditions. It takes time for a trader to make money that not all traders are comfortable with.
Medlem sedan Aug 19, 2022   44 inlägg
Aug 25, 2022 at 20:56
Forex is really a multifaceted platform for making money.
The main thing is to know that you can earn not only by trading, but also by investing.
Make money with people who know how to make money.
Medlem sedan Jun 06, 2022   14 inlägg
Aug 27, 2022 at 14:21
Forex trading is hard for 95%+ to be profitable long term. If you can't trade, just stop and buy dividend stocks, real estate etc.

After 8+ years of being a profitable trader, every single trader I have 'known' has failed and stopped except me.

I have no secret, no magic setup.

 Just the right combination of talent, intelligence, risk appetite, bankroll management, 'balls', insight, and dedication to succeed.

I have flipped countless accounts from $500 and grown to $2k+, made $20k in a little over a month, had over 70 trades in a row go my way, consistently have win rates over 70%.

Now I trade with around $5-10k a month, and usually make at least $500 a week. Each week/month I make more than I expect, I pull out and reset the growth, to protect the profits.
Protect against loses and the profits take care of themselves.
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