Does anyone really make money off of the Forex?

In this Internet age, the word ā€˜factā€™ is sadly often followed by something which the writer couldnā€™t prove and doesnā€™t know to be a fact.

But it does keep the debates flowing nicely - if we actually had half the facts claimed various discussions would have run out of steam years ago.

Truly agree with you Simon

[QUOTE=ā€œdavid222;598995ā€]I think making money in Forex is very hard if you have no knowledge about forex. So if you want to earn some money then go to a Forex school and learn about Forex. Then it be very easy to earn some money.[/QUOTE]

Name one school that can do that and can prove it !

Traders who follow the tracks of the big banks and hedge funds do make money. Key is to employ the same techniques like the major players like Fibonacci-Numbers, Pivot-Lebels, Divergences and Ichimoku. Turn up the Volume !

and your source is?

I make money. And got the tax bill and accountant fees to prove it. :frowning:

I know it is hard if you are a starter in forex but as time goes with effective learning and studying you can get over it no matter how complicated it seems to you. I traded with demo for some months with the aim of coming up with solid trading strategies. Do trade with demo account for now, Iā€™m pretty sure you will improve if you believe it.

You can make money from Forexā€¦ and there is absolutely no need to lose money with Forex but 99% of people will anyway, even those who go on to success will have had some kind of major loss to report!!!. The steps are in fact very simple and very logical:

[ol]
[li]Develop through knowledge a complete trading plan
[/li][li]Make sure that plan works on the back tester
[/li][li]Make sure you can execute that plan on a demo account
[/li][li]Add the psycholgy element of live trading on a small account
[/li][li]Build up that small account or add to it to speed things along
[/li][li]
[/li][/ol]

Unfortunately patience will get the majority of people because it is not a get rich quick scheme like all the internet hype suggests, very few will get though that list and go on to profits but that is the real path. Check my username and visit my homepage for enough free information that you could possibly need to get startedā€¦ and most importantly of all, enjoy the journey, it will humble you!

XM best broker

I trade in forex because i want to get additional income in forex. Now, iā€™m only a part time trader in forex, but i want to make my trading account be more maximal.

This Secker fellow is still around, still peddling his smartcharts. I feed of the free things like seminars and the like, take the little truth he sells(motivation) and keep my $ where they belong(my trading account)

Yes I know lot of people who are actually making money. I am also inspired from them and start trading in forex. Now i am learner and making way in the forex with demo trading.

Yes people do,
But not all people are ready to work hard enough to have it.

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People do make money trading forex, but the numbers are very low. Many sell their services, mentor-ship, signals etc. to maintain a steady income from the market besides trading.

I heard that there is 50/50 chances in forex. is that true?

Yes I have friend on social media which he already able generate good income from forex business and also can living from earning forex, but of course he not only relying from trading alone, but he also explore in business to getting income from another source like as become partner broker.

Wow! A few years ago it would have been tough to find any positive comment to that question. Amazing what maturity in an industry can do. I do very well from FX trading, I also run a training program but thatā€™s a natural progression, I also have had a professional commodity trading background, so all said and done I am very happy with FX and commodity trading. I also trade stocks too, this means FX is not my only source of income. So I guess now I donā€™t have to trade. I manage money for friends at first and now offshore clients.

Next year I m thinking about heading State side with a view of further expansion. So I was just crazy enough to sink my life into this, a lot of people trade for one year max and throw in the towel. I really excelled when I took 3 months from a then lucrative Real Estate venture to invest in my trading, it went straight up from there, that was many years ago now. (I donā€™t believe you can do this and have a job).

So not to sell the dream but with the right attitude, this can work for you.

In my city Iā€™m yet to find a person who is trading and making good money from it. There are some odd traders that are trading but not on very big scale.

Hi Tom,

Welcome to the forum.

Thereā€™s a ā€œbinary optionsā€ folder, here: 301 Moved Permanently.

Personally, Iā€™d advise you to stay away from binary options, for the reasons explained here and elsewhere; and Iā€™d advise you strongly to stay away from signal services for the reasons explained here and elsewhere in the forum. :33:

Forex business still becomy favourite business as one way to get earning, forex business still potential to making triple money although also included risky business, my young brother he now also already treat forex as main source income and some trader already trading for living