How to Make a Living Trading Forex Forex Online Trading

Can I make a living trading Forex?

The forex market is unique due to the sheer number and variety of traders who are active in the space. Unlike stock exchanges, forex markets are open twenty-four hours a day and span the entire globe. Forex trading is unlike any other market-based activity. With over $6.6 trillion moving through foreign exchanges daily and a tiered-market system, traders can make or lose a small fortune in a very short period of time. Making a living at it requires patience, discipline, and dedication.
Here we discuss if it possible for an individual trader to make good money for living trading Forex: https://tickeron.com/blogs/can-i-make-a-living-trading-forex-7230
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Can I make a living trading forex?

Yes, of course!
Forex is a place where traders can speculate and earn money on price movement. Forex is a job absolutely the same as other jobs, IMHO.
Let’s compare Forex trader with cashier in the store, bank employee, and forwarder in a logistics company: 1581503504741.png Beginner who wants to work as a cashier will have to learn how to use cash machine, count money and customer communication, only 3 main functions. It will take not more than 1-2 weeks to become good cashier in a store. It will bring money for living. Beginner who wants to become bank worker will have to be familiar with financial sphere, probably pass banking courses, work with specific computer programs, be ready to communicate with customers, and work with money. Become good bank employee will take some weeks. The higher position in the bank, more need to learn and know. It also will bring money for living. Beginner who wants to be a forwarder in a logistics company, will have to do more functions. As minimum need to learn information from Internet or pass some courses – to understand how logistics works, etc. Then it is necessary to start communicating with customers, offer good services conditions, provide specific information about cargo, documentation and so on. It will take some months to become advanced worker in this profession. It will bring money for living as well. FOREX – Beginners who want to become successful Forex traders and earn money for living will have to: MAIN rule – don’t expect that Forex will bring you profit when you start trading, so you have to get somewhere money for living, while you are learning Forex and reach the point when Forex brings you amount of money that is comfortable for living. learn Forex information by their own, searching it in Internet, watch some courses, or visit a local city Forex courses. Everyone choose his or her own learning method. Practice trading on Forex terminal that you chose. I recommend to practice on demo account, so you could increase your trading skills and experience without spending money. Find or build your trading method that will have loss-profit ratio as minimum 1:1+, so you could get more profit rather than loss. After you reach the aim for getting more profit than loss, you move to real account and start trading. Strictly follow your trading strategy rules, don’t trade on emotions, and control money management. In a result Forex trading will bring you profit for living.
All you need to know about Forex Trading Signals check this out:- https://www.top10tradingplatforms.com/forex-signals/
Some traders are fast learners and start trading Fore after several months, but some learn slowly and it can take years. Don’t give up, and always go forward.
You can see now that any job you would do, need to learn, and every profession need different information and time for learning. In any profession you will earn money for living.
So, Forex can also bring you profit for living, everything depends on you.
Wish you to be independent Forex trader!
Dorrow Green
submitted by Rohitpure to u/Rohitpure [link] [comments]

Can I make a living trading forex?

Yes, of course! Forex is a place where traders can speculate and earn money on price movement. Forex is a job absolutely the same as other jobs, IMHO. Let’s compare Forex trader with cashier in the store, bank employee, and forwarder in a logistics company:
  1. Beginner who wants to work as a cashier will have to learn how to use cash machine, count money and customer communication, only 3 main functions. It will take not more than 1-2 weeks to become good cashier in a store. It will bring money for living.
  2. Beginner who wants to become bank worker will have to be familiar with financial sphere, probably pass banking courses, work with specific computer programs, be ready to communicate with customers, and work with money. Become good bank employee will take some weeks. The higher position in the bank, more need to learn and know. It also will bring money for living.
  3. Beginner who wants to be a forwarder in a logistics company, will have to do more functions. As minimum need to learn information from Internet or pass some courses – to understand how logistics works, etc. Then it is necessary to start communicating with customers, offer good services conditions, provide specific information about cargo, documentation and so on. It will take some months to become advanced worker in this profession. It will bring money for living as well.
  4. FOREX – Beginners who want to become successful Forex traders and earn money for living will have to:
Some traders are fast learners and start trading Fore after several months, but some learn slowly and it can take years. Don’t give up, and always go forward. You can see now that any job you would do, need to learn, and every profession need different information and time for learning. In any profession you will earn money for living.
So, Forex can also bring you profit for living, everything depends on you. Wish you to be independent Forex trader!
Hi Trader,
Please take some time to view myfxbook.
Demo account been running non stop for 12 months averaging 20% a month. http://www.myfxbook.com/members/Virtuo/mt4-vit-demo-01/3287325
Live account had been running for 7 months averaging 19% a month. http://www.myfxbook.com/members/Virtuo/mt4-vit-01/3287333
Price . The price is 500 usd this includes the EA and my personal set files for 5 pairs which is all you need to make 10%-20% a month.
submitted by Rohitpure to u/Rohitpure [link] [comments]

Is making a living trading Forex possible?

Hey everyone!
First let me give you some background. I live in Mexico, I'm a scientist (Biotech), but science is the least priority in Mexico, never the less I'm one of the lucky ones in Mexico, because only 10% of the population in Mexico makes more than $440 usd a month ($10,000 pesos), and I'm currently making around $500 usd a month.
You might think, $500 a month and you are part of the top 10%?, yup, that's life in Mexico. I already spent 6 years in college, I'm totally willing to spend another 10 years learning a new skill if that means at least making more that $500 usd a month.
I've been studying technical analysis for the past year, and I've been trading on a paper account for at least 6 months, but I'm nowhere near profitable.
Yes, I'm setting a stop loss, yes I'm only taking at least 1:3 risk reward trades, yes I'm only risking 2% per trade, but I'm still loosing money.
Is it possible to make a decent living trading Forex? I know one year of experience is nothing, I didn't learn to play the guitar in a single year, but I wonder if I'm better spending my next 10 years in another skill like marketing, or something else.
submitted by yared_cf2 to Forex [link] [comments]

Can you make a living trading on forex?

Hello,
I am an investment professional, work for a large fund, investing in equities.
Forex has interested me for a while. However, I have always been highly skeptical about it (and so is every person in the investing industry I know - including our highly-educated currency traders).
I would be interested to hear your views, however.
On its face it seems impossible to make a living trading Forex:
(1) There is no famous investor / billionaire who has made it by Forex - i.e. who has achieved consistently good results over many years (and there are many who have done so by investing in other financial instruments) - which suggests that, in the long term, you will lose (like in a casino);
(2) Most (all?) of the people who praise Forex and claim to have had stellar performance tend to sell books/courses/etc. - which would be a waste of time if they actually had consistently good forex performance.;
(3) The industry ("experienced" investors, educators etc.) lacks transparency. I have never seen anyone capable of presenting good long-term performance track record objectively verified by a third party.
Yes, I know there are people who have had a series of great trades (there were plenty of those in dotcom bubble times in equities as well), but I am more interested in the ability to perform well across cycles, over many years...
I will be looking forward to hearing your responses... and being proven wrong.
Thank you for your help.
Dante
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Trading live USD/CAD. Making a profit £500 Copy of London Live Forex Trading Session.

submitted by Tin100 to Livetradingbroaadcast [link] [comments]

Can you actually make money in forex?

Has anyone here actually been able to quit their day job and make a living trading forex? I’ve been demo trading for 6 months and it’s hard to make any decent profits. There’s probably a lot more money in selling forex material vs. making money in the spot market. Are your odds better in the spot market or the NYSE? Playing poker almost seems more profitable than forex 😂
submitted by johansen89 to Forex [link] [comments]

How to make a profit from trading EUR/USD £200 Copy of London Live Forex Trading Session.

How to make a profit from trading EUUSD £200 Copy of London Live Forex Trading Session. submitted by Tin100 to Livetradingbroaadcast [link] [comments]

How to make a profitable trade. Short on EUR/USD - profit £200. Copy of Live Forex Trading Session.

How to make a profitable trade. Short on EUUSD - profit £200. Copy of Live Forex Trading Session. submitted by Tin100 to Livetradingbroaadcast [link] [comments]

Random Question

Does anyone here make a living trading forex? Do you work for an institution or just on your own?
I'm just genuinely curious.
submitted by CecondPercon to Forex [link] [comments]

Does anyone here make a living from Forex trading?

I'm looking for ways to make money without a job, and one of the things that keeps coming up is Forex trading, haven't looked too much into it at the moment though.
Does anyone here make a living from it? Is it feasible?
submitted by d-s-m to antiwork [link] [comments]

traders and forex

It is no secret to anyone that 90% of investors who decide to enter the forex market end up failing. With such low success rates, why are there people who still try? The answer is that Forex is a great place to earn a lot of money and today there are people who make their living trading forex. Today, there are many who take advantage of their sporadic moments of success to pretend they are successful in Forex. These individuals try to deceive others with huge profits that they were able to obtain with luck, but that they can hardly maintain in the long term. On the other hand, the really profitable operators are those who can generate profits consistently over time. Although the large institutions and investment funds are those that handle a large part of the volume in the Forex market, there are people who, thanks to their incredible strategies, have left a mark. Perseverance is part of that power so great that some traders have to move forward, Fernando Martínez Gómez-Tejedor is not the exception, he has commented through an interview a few years ago that when he started he lost a lot of money, but it was his desire to recover the lost money which led him to anticipate all the schemes expected in the face of financial crises and stock market crashes. He currently owns virtual banks, companies as a trader, and is known in the world of finance and even as a collector of works of art and terraplanista.
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Forex Trading Make a Living in 1 Hour a Day ( Live Trading)

Forex Trading Make a Living in 1 Hour a Day ( Live Trading) submitted by thomasbill to u/thomasbill [link] [comments]

Anyone here who makes a decent living out of trading the FOREX market?

Just curious to know.
submitted by Jam-Tart to Forex [link] [comments]

Is it More Realistic to Make a Living Trading in the FOREX Market or the Traditional U.S. Stock Market? (xPost from r/investing)

I'm curious as to where I should start investing my time. I'm 22, I love to read, learn, study trends, make use of data, current events, you name it. I've started to make a living for myself with a company I helped start that manages Pay Per Click Advertising. I've networked myself into a great position, while still having very low living expenses, and I don’t even graduate from business school until this May.
The point is, I'm making a good living now and know I will be coming into quite a bit of extra income when I graduate, enough to establish some risk capital for me to start investing safety. I have been learning and reading immensely about the Foriegn Exchange (FOREX) market and obviously the US Stock exchange. I’ve been reading the Wall Street Journal the past 6 months and just basically want a deep, deeeeep understanding of what I am doing before I start making major decisions (None of those Oanda demo accounts) with my money. I was approached from an old friend who was trying to get me into that ImarketsLive "Global Visionariez" "Forex makes You Rich" bullshit which I have researched deeply and found to be bullshit. This turned me off from Forex trading, although I know it’s an incredible economy of scale.
I am trying to figure out, from some experienced folk, where I should continue putting my learning efforts? I want to continue learning and researching how to trade and find leverage for at least another 3-6 months before I make any moves. Which is a more realistic route to take? Which market has the best opportunity? I’m open for all interpretation so please share! Thank you.
-Jon
submitted by scatteR634 to Forex [link] [comments]

Interested in FOREX trading. Is it still possible to make a living? If so what kind of capital is required.

I've been poking around this forum for a while and I'm wondering if generally speaking its possible to make forex trading a full-time gig. If it is- what kind of capital would be required to give it a go.
submitted by marc44 to Forex [link] [comments]

Is it More Realistic to Make a Living Trading in the FOREX Market or the Traditional U.S. Stock Market?

I'm curious as to where I should start investing my time. I'm 22, I love to read, learn, study trends, make use of data, current events, you name it. I've started to make a living for myself with a company I helped start that manages Pay Per Click Advertising. I've networked myself into a great position, while still having very low living expenses, and I don’t even graduate from business school until this May.
The point is, I'm making a good living now and know I will be coming into quite a bit of extra income when I graduate, enough to establish some risk capital for me to start investing safety.
I have been learning and reading immensely about the Foriegn Exchange (FOREX) market and obviously the US Stock exchange. I’ve been reading the Wall Street Journal the past 6 months and just basically want a deep, deeeeep understanding of what I am doing before I start making major decisions (None of those Oanda demo accounts) with my money. I was approached from an old friend who was trying to get me into that ImarketsLive "Global Visionariez" "Forex makes You Rich" bullshit which I have researched deeply and found to be bullshit. This turned me off from Forex trading, although I know it’s an incredible economy of scale.
I am trying to figure out, from some experienced folk, where I should continue putting my learning efforts? I want to continue learning and researching how to trade and find leverage for at least another 3-6 months before I make any moves. Which is a more realistic route to take? Which market has the best opportunity? I’m open for all interpretation so please share! Thank you.
-Jon
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[PDF] How to Day Trade Forex for a Living: A Beginner s Manual for Day Trading Currency - Proven Money-Making Strategies (How to Day Trade for a Living) By Bryan Lee

Download Here
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Redditors who make a decent living from trading forex and so on, what would you recommend for a starter, which platforms do you use and why?

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Sucess Story

Started my journey in June when I turned 18, the legal age required to trade in Canada. Ever since I dedicated myself to the craft of trading I can say it has made me more disciplined in many aspects in my life. I had to come up with strategies to remove overtrading and that 9-5 mentality of trading everyday. It took me some time to realize that trading everyday exposes your equity to a high amount of risk no matter how good the setup looks. Fast forward to November life is great I am making 15,000 per month and I am a funded FTMO trader. This is a manifestation of my efforts and energy going into the trading career that I have birthed. I love my life soo much I am financially free and I can consistently generate profits from the forex market. I started trading live in September, September and October were net negative months but the month of October was the month when I made over 1000 dollars in a day, This post is mainly to inspire others to never give up. My future is going to be amazing by the time. Always stay focused and never quit on something that you cant go 3 hours without thinking about it.
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ADVICE

So I'm 19 y/o and have been trading forex for 7 months, still grinding away ,nowhere near being a full time trader yet. I looked into long term investing stocks and recently bought 11.365 shares in Tesla @ 410, 58 shares of Palantir @ 9.99 and 28 shares of NIO @ 27.42. I've been watching my account grow, and seeing how my money is working for me is becoming very addictive. I'm obsessed actually.
I was wondering as to how I can make a living off of this. Yes I will most certainly do much research on this topic but was wondering if anyone in here could help me or guide me in the right direction. My plan is to have a 5000$ account , study stocks on the weekend, any stocks that have recently had good news or if I see them sitting at a known area of resistance/support I will buy/sell the stock and hold it for the week. Then close whatever profit I make on the Friday and withdraw it, leaving the 5000$ in the account of course.
I practiced this on a demo account last week with 3 stocks I researched and liked the look of . NIO, PLTR and LMND. I pretended to buy 2361$ (2000€) worth of NIO and Palantir and 1,179$ worth of LMND since that was the one i was less confident with. 5900$ dollars invested and if I had've closed today I would've made upwards of 1700$ this week.
Was this just a lucky week? Or is this something that I can actually do.
Any advice/guidance would be hugely appreciated.
Thanks
submitted by Summervbz to stocks [link] [comments]

Read Carefully Experts!

This may appear to be a noob question, but read on carefully and please try and understand the point I'm trying to make! I'm hoping your answers might be helpful to people both learning Forex and looking to get into it, so please don't hate on me for this post.
I am relatively new to FX and have learned about break and retest strategies, MACD crossovers and stop losses below structure and risk to reward ratios (usually going for 1:1 or 2/3:1) and so on. I say this only so you know I've a general (very basic) understanding of charts, price action etc.
I definitely do NOT expect to step into the markets and instantly win a majority of my trades, however, to illustrate my thoughts please note the example below.
If I am winning 2% on a winning trade and losing 1% on a losing trade (2:1 reward risk per trade), a strategy that wins just 50% of the time trading once per trading day would be +10% each month. (10 days of -1%, 10 days of +2%). +10% is a HUGE increase in accounts and if a $1000 account was +10% per month for 12 months the end of year balance would be over $3138.43 or a 213.84% return!
This leads me to a theory that almost NO system can be returning 50% on a 2:1 reward risk, even with careful trade selection (let's say I monitor the 7 major pairs, gold and GBP/JPY as I do and pick one entry a day) Am I wrong? I appreciate it is a hypothetical example designed to make a point, but my thoughts are if you monitored lots of pairs and took only ONE entry a day, we might expect to win 50% of the time.
Let's expand this further. I have seen numerous algos (can't name them but looking like they win at LEAST 50% of the time) which tempt me because they appear to indicate moves I could jump on and where I could pull a bunch of pips out of the market. However, there surely cannot be a holy grail or are people making this type of insane return? It cannot be as easy as buying an algo, signing up to $300,000 worth of FTMO funding and earning 10% per month for an easy $21,000 per month income with profit share. Or maybe it is and I'm just cynical?! I end up getting tempted by courses etc. in the hope that if I spent £400 on a good course it would open the door to what I need to do, but I'm nervous this is just another huge mistake.
I genuinely would love to trade Forex for a living. Really I would. I hope it's possible and I hope to learn a strategy I can wash, rinse and repeat. I love watching videos and live streamers who seem to have a great understanding of what's going on but I wonder if it's really possible. It seems a million miles away but I'm determined to keep learning and trading.
Reading your considered thoughts to this post would be helpful for me and I'm sure others and thank you for reading it.
submitted by mal4291 to Forex [link] [comments]

Make a Living in 1 Hour a Day Trading the 3 Bar Play ... Make a Living Trading Breakouts Properly for Profit! - YouTube Making a Living Trading Forex - 3-Part Series - YouTube Making $40,000 In A Day  Life Of A Forex Trader - YouTube Making a Living Trading Forex Signals (2019)  Truth ... How Much Capital is Needed to Make a Living from Forex ... Trading For A Living: How Much Money You Need? - YouTube Forex Trading Systems To Make A Living - Scott Welsh ...

Don’t Expect to Become a Midnight Millionaire and start making living trading forex from the first day ! Probably the first misconception you need to dissuade yourself from immediately is the idea that trading Forex will make you instantly rich. It won’t. Don’t get us wrong. After years of sustained trading success and astute financial management, you can make a fortune off of trading ... The short answer to the question “can you make a living trading forex?” is yes, of course you can. Many people make an extremely comfortable living doing just that. However, on a more personal level, whether or not you can do the same depends very much on you. This involved your goals and ambitions; your dedication; your existing knowledge; your willingness to learn new things continually ... Solid Forex strategies for capturing profits in todays volatile markets How to Make a Living Trading Foreign Exchange puts the world of Forex at your fingertips. Author Courtney Smith begins with an introduction to the Forex market-what it is and how it works. He then delves into six moneymaking techniques for trading Forex, including his unique Rejection Rule that doubles the profit of basic ... Professional traders have a mentality that allows them to make a living through Forex trading. This means that it’s not a guarantee that you will be successful as a trader. Succeeding as a trader requires one to inject a high level of commitment into the business. The mistake that beginner traders make is not having commitment, patience, and discipline in their trading. They lack the ... Step 1: Start by setting an amount you want to make per year from trading.; Step 2: Set a reasonable expectation of return.For a very good trader would be 15-25% per year – remember if you’re new to trading this is unlikely to be you just yet. Step 3: Desired income / return % = capital required.So if your desired return is £5,000 per year and your expectation of return is 20% you need ... Making a living trading from home is the dream of just about every trader and active investor. However, don’t be fooled into thinking that Forex trading is a get-rich-quick scheme, because it takes discipline, effort, and planning to become a successful trader and to be able to trade for a living from home. When you will feel confident and will have the capital to make a living only trading the Forex market, then become a full-time trader. Building your own Forex strategy is not as complicated as many people think it is. You don’t have to be an economics expert in order to make your own trading system and strategy. Below are some good trading systems you can try to trade the market. QQE Arr ...

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Make a Living in 1 Hour a Day Trading the 3 Bar Play ...

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