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Do you think anyone can earn living from forex trading?



Do you think anyone can earn living from forex trading?
Forex is expanding very fast in this few years. A lot of tend to move from ordinary investment to forex trading. Someone claim that forex trading is the most earnable trading and most liquid investment on earth. I am not sure about it but what i know is I still did not heard any success story from anyone about forex trading.

Best answer:

Answer by gameboyxp20
The Forex isn’t really expanding or contracting. It just is.

In order for one currency to gain one loses. I have heard of some people making a living trading the forex. I would start part time.

1) Read lots of books, articles, and websites on the subject. http://www.iitm.com will show you how.

2) Open a practice account under a fake name and a temportary email (so if you lose everything, you can start again).

3) Once you feel you are upto it, fund an account with $ 1,000 – $ 3,000 (200K – 750K trading funds) and start trading. Have goals.

4) When you start making a lot of money work hard, overtime, to fund your account fully and then transition out of your job.

Find your financial freedom number, learn and plan, make sure you have what it takes, and then go for it.

Good Luck.

Add your own answer in the comments!




2 Comments


  1. Common Sense (November 8th, 2013 at 1:07 am)

    Forex is one of the most challenging ways to trade. Over 96% of all new traders lose most of their trading account in less than 6 months.

    Can you make a living…. YES!

    The brokers are making a ton of money. They’re leading a lot of people into this trading that will fail on a very large scale.

    Take a year to learn before spending one penny. Read a ton of books. Remember that Money Management (& psychology) are just as important as buying the right currency at the right time.

  2. Michael M (November 8th, 2013 at 1:38 am)

    99% no.

    See commonsensetrading at googlepages:

    http://commonsensetrading . googlepages . com


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