Does anyone really make money off of the Forex?

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, I’m pretty sure you will improve if you believe it.

You can make money from Forex… 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 started… 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, i’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 that’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 don’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 don’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 I’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.

There’s a “binary options” folder, here: 301 Moved Permanently.

Personally, I’d advise you to stay away from binary options, for the reasons explained here and elsewhere; and I’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

Forex trading some trader said if this is like as psychological game, which always involved emotion in trading, sometime facing floating loss will making fear and for newbie might this will disturbed emotion and being panic, become success trader is hope among trader and need experience

I understand your emotions, because in my early stage of trading I was also confused about my destination! By the way, don’t lose your learning interest too fast! You should concentrate on your learning process instead of your result! Do sure your fixed trading plan with your specific trading strategy or system! In addition, according to my personal trading experience PA trading strategy is the best system of reading Forex market movements, so study on PA analysis!

I totally get that feeling. For a newbie, making consistent money through Forex is a far dream. First we need to learn how to control these emotions and anxiety which are big killers of profit. We lose we panic we trade more and we end up losing even more. That’s what I experienced as a newbie. :frowning:

If you really want to become a successful trader then you always need to learn the basics of Forex before start. If you are loosing your money consistently then stop your trading and go to demo trading and do practice more and more and test your strategies and make a good plan to trade successfully with real trading.