Can you make money with forex trading?

Forex trading is undoubtedly one of the best ways of making money. If you expect to make profits without putting in your effort, you will go in the opposite direction. Forex trading can get you so many benefits but only if you are ready to take the risks and challenges that come your way.

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Unless they stand to profit from doing so by scamming you! :skull_and_crossbones:

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Yes, definitely you can make money from forex trading. You need to have proper knowlodge and learning of it before making it a full time career

Yes you can surely make money with forex trading but first you need to learn about forex trading, and there is a lot to learn before trading. Learn, make your own trading account and then trade.

Thinking about this question a bit more…

Taking the question at face value, it asks “Can you make money with forex trading?”.

In fact, it would be better worded, “Is it possible to make money with forex trading?”

The reason behind the difference is that for new traders, it is not the trader who makes the trades profitable, it is the strategy they use.

This leads to the conclusion that what is most needed in the early days of a new trader’s trading life is not great knowledge, but a great strategy.

there are alot of profitable traders who trade not only forex but stocks and futures,and they are willing to find dedicated people who are ready to learn ,and after learn how to from few months to a year,they must work for that person who taught them,this way that person gets passive income from trading.
It takes so much time to explain to new people because they must trade in a dawn trend ,in up trend and in a consolidation too,so i believe its from few months to a year.

So you see,only those who sell courses or say that they can make some1 profitable in trading in few days,those are scaming people. It requires alot of time and dedication.

This completely depends on how much you’re willing to learn, adapt and evolve. You can start from nothing and slowly build up your assets

You can surely make good money from forex but you’ll have to learn a lot and gather knowledge about the market.

Absolutely, so long as you know what you’re doing and you have a solid trading plan behind you. Especially through taking babypips.com educational course Try using tool like forex tester 5 and the following steps for trading setups eg. installation, chart adjustments, data center, importing data, new projects, start testing, placing orders, modifying orders, using indicators, using news services, using templates projects and so on. Good luck

  • forex_swiz

To make money all you need is a profitable strategy which avoids the risk of blowing up on a single bad trade. And to make serious money the key performance indicators of your strategy do not need to be ambitious.

The question is why do so may traders not make money. I guess they either don’t have a profitable strategy or they do but it involves taking excessive risk.

Forex trading is a legitimate way to make money, but you should understand that it takes a lot of time to learn everything and to come up with a strategy. You should also practice on demo before opening a live account. It’s not just an easy thing to do and isn’t worth it if you aren’t dedicated.
In order to trade, you open an account through a broker and they give you access to a trading platform. For example, I opened an account with CedarFX and they use the MT4 trading platform, so I got login details from them to login to MT4. There are lots of brokers out there and different platforms to choose from, so you’ll need to do research to choose the right one.

You should first learn about forex trading through some courses. After that, you can practice on a demo account to put your knowledge to practice.

Yeah and the best way to do that is to build your own bot that will be much faster than trading based on manual decision. Make sure you don’t put yourself in disadvantageous position

I believe one can make enough money in forex if they’re determined about it and take forex as a serious business.