Can You Make A Living By Forex Trading? Forex Academy

How much capital do you need to make a living off Forex?

I started trading and I am about a month in, but before I continue I have to know if this game is too rich for my blood.
So far I heard you need $25-100k to really make a living. I’m only really willing to put in 6k.
Edit: I currently would need a little less than 2k a month to live off and then some change for growth.
submitted by kevn3000 to Forex [link] [comments]

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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Trading live USD/CAD. Making a profit £500 Copy of London Live Forex Trading Session.

submitted by Tin100 to Livetradingbroaadcast [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]

Fishing boat from Archeage. My friend told me that his dream was to live in a fishing boat and make money through forex. So here he is.

Fishing boat from Archeage. My friend told me that his dream was to live in a fishing boat and make money through forex. So here he is. submitted by BrickMcBill to PixelArt [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]

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]

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]

Tried to make a living out of Forex...Broke the account in the second month.

So, a few months back I saved some money and decided that I would be able to make a living out of forex making 12.5% per week, that was 2.5% per day from monday to friday.
I had been in the Forex for six month in that time, with only $100 dollars account, and I had broke my account twice (One for not putting Stop-Loss and the other for not controlling my loss in revenge anger) But in the end I managed to make three months in a row making about 40-50% per month, and that was to me the sign that I had figured Forex.
I used a combination of MACD, RSI, ADX. And always kept the lookout for the candlestick patterns, I also used Bollinger bands, but I never really checked them. My main Indicator though was the MACD, the rest was the confirmation I required. I negotiated only EURUSD and I worked with a 1:100 margin using a policy to hold 2,5% SL if I wasn't cofindent in the play but the indicators were saying I should go, and 5% if I was confident and the Indicators confirmed. I've made arrangements in my job and I saved enough money to live the way I am for one year and to put $2.000 in my Forex Account. My plan was to only start taking money out of the account after six months of gains.
I quit my job in June, and 4th of July I started trading. First month I did well and got 50% even before the second week of the month, in the end of July I had $3.475,68 in my account. My confidence was high as was my spirit, everybody I talked too I would say how I found way to do something I loved and if I could keep my goals I would be a millionaire in less than five years; To everyone saying It was very risky I showed my gains from the first month and said I knew what I was doing.
And then August came. First week of August I had three losses in a row, amounting to $400, and so I decided to take a quick break. One week reading and searching for what was wrong. When I cameback I had in me belief that I was going to make a good position on EURUSD. I don't know what I was thinking but I opened a position and I spike on the otherway around made me shiver so I moved the SL, believing it would eventually go the way I was planning; That day I went to bed and woke up with $1.000 less in my account, I was back to my starting $2.000 pretty much.
What followed this week was the worst series of trade I ever did, each one pushing to lose even more. First I did a series of trades that downed me to $1.500, than I did a big trade that put me at $800, I managed to land a very good trade that took me all the way back to $1.400 and trying to duplicate the miracle I lost $800 in one single trade. Yesterday I lost $500 and right now I have $72 in my account.
I don't know what I was thinking, I completely lost any of the things that made my set-up work, and now I've lost any chance to go back to where I started. I was overconfident and angry, and I know I have only myself to blame. I just needed to vent it to someone, and the worst part is that I'm ashamed to tell the people I've been bragging about the past month, to admit that I was not only wrong, but I lost everything on it as well. Guess I'l have to go back looking for a job and just suck it up.
Thank you for reading all this way, and sorry for any grammar mistakes, I'm actually from Brazil and my english is not that good.
submitted by LooserLooser to Forex [link] [comments]

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]

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]

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]

[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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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
submitted by Dante_A to Forex [link] [comments]

Is it possible to make a good living off of forex and/or penny stocks and if so how much?

submitted by Suchislifeinthemetro to AskReddit [link] [comments]

I am a FOREX/FUTURES trader that hasn't blown his account up and makes a living through currency/commodities speculation. AMA.

Lately there has been a rash of AMAs regarding irresponsible forex and stock traders who can't seem to keep a hold on their accounts. I thought it would be good to hear from the other side, from a trader that trades responsibly and follows strict money management principles in his daily trades. So, AMA!
EDIT: How am I supposed to answer questions if I have to wait 9 minutes between posts?
submitted by EuroDollar to IAmA [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
submitted by scatteR634 to investing [link] [comments]

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?

submitted by Notech01 to AskReddit [link] [comments]

Is this guy making a living more from forex or his 'signals' subscribers program?

Hello, some of you may have seen a show recently aired in the UK (probably on more4 still, called 'rich kids go shopping') about a trader called Elijah Oyefeso here is his https://twitter.com/itsoezz but I'm a bit sceptical on if he actually makes $30k a month from trading or from people signing up for his 'signals'. I say this because when I look at his twitter pics it seems to be images of binary options which are from my small understanding is more gambling than market analysis. So I wonder if he has become wealthy from trading or from people signing up to his signals program. I believe its simply just a watsapp group and he sends out a message when to buy.
submitted by deadleg22 to Forex [link] [comments]

Can You Make A Living Forex Signals Copying ? Forex Trader Success Story Making $40,000 In A Day  Life Of A Forex Trader - YouTube Making a Living Trading Forex Signals (2019)  Truth ... Can You Make A Living In Forex Signal Copying!? Is It ... Successful SWING TRADERS Making A Living  Forex Trader ... Make a Living Trading Breakouts Properly for Profit! - YouTube Make a Living in 1 Hour a Day Trading the 3 Bar Play ... Can You Make A Living From Forex?

Yet, in the trading world, there are ways to make it easier to achieve large profits, which will make it possible to earn a living trading forex. As explained above, to make money in forex in the long-term, one has to consider numerous factors, such as investing in forex trading education, keeping track of news releases, establishing a consistent strategy, and aiming for a high win rate. How much capital to invest to make a living trading forex? This is a very important decision. Don’t underestimate it. You have to precisely calculate how much money you can put at risk. That said, it isn’t the same when you are trading to earn some extra cash to pay for luxury travel or you’re risking your hard-earned money to live better. Sometimes, the financial survival of your family ... Make A Living From Forex – Separating Myths From Facts. We just have a quick question here from a subscriber asking, whether it’s possible for someone to make a living from forex trading. So, this is a very common question first of all, we do get the question all the time. And it is a very understandable and valid question to have especially, with all of the various scams and nonsense out ... People around the world make a living from trading forex. Here’s a step-by-step guide on how to trade forex for a living. Ultimate Guide on How to Become a Successful Full-Time Forex Trader. The forex trading industry has advanced rapidly in recent years. It’s accessible, stirring, educational, and offers traders a sea of opportunities. Unfortunately, many traders don’t do very well in ... Yes, it is possible. My best friend had his only incomes from Forex for last three years. He made about 2k dollar a day, so yeah, he made really a living. Now, he is teaching me Forex, and I make my living only on Forex too, I’m still a beginner a... 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 ... Can you make a living from Forex? Mon 22 Jun 2020 09:55:06 GMT. Author: Arno Venter Category: Education. share . Making an income. Looking to learn more about making a living from Forex ... Nowadays, you can start trading with as low as £100, but don’t expect to make a living with such a small amount of initial capital. How to work out how much capital you need. The key is to set reasonable expectations of return or you’re just going to make mistakes, like over trading, trying to achieve it. Step 1: Start by setting an amount you want to make per year from trading. Step 2 ... Can You Really Make A Living Trading Forex? - Aspiring traders often ask me whether or not it's really possible to make a living trading the Forex market. The short answer is yes. The longer answer is, yes you can make a living trading the Forex market but you have to consistently do a lot of things right. Most traders simply do not yet possess the necessary discipline, patience, or realistic ... So the original question that we had was whether or not you are able to make a living forex trading, the answer is again yes. It Does however come with a few hurdles to get over, to have rough money in the first place, to understand the different risks involved and how you can help avoid them, and finally that you will need to build up your account over a long period of time, you will not make ...

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Can You Make A Living Forex Signals Copying ? Forex Trader Success Story

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