Yes I think so, while in forex althuugh this is offer unlimited income, but not always we an making profit on trading, but because forex also as one great busines hence many trader still here because they want to making money with forex, it’s possble to making forex trading for living
In my country if a person have 6000 - 8000 USD in his account then he can live on forex trading alone. But off course he needs to have a good trader’s attitude first.
In order to live off forex you have to make money consistently, which is a difficult task. What is more, trading a matter of opportunity, sometimes market conditions simply aren’t favourable and you have to wait, which means that you’re not making a profit.
Agreed.
There is the newbie dream (we all had it) and then there
is reality…
Undercapitalisation and overleveraging often make
such a dream of self-employed independence an
unrealistic chimera: it will start with great hopes,
but in the end it will only come to tears.
And you also need to have fairly large account, otherwise you’d be risking too much for crumbs.
It is not impossible to make a living on forex alone, but it is very hard to do so. You need to be a great trader in order to become a good full time trader. Also you have to wait and be patient all the time to look for exact setup you need to trade which is a very tough situation for a full time trader.
You also need a large initial account as well as plenty of knowledge and experience as a trader. It’s not something a newbie can do.
I would suggest not to have this thought at first, just start small, study the market etc…
As they said, it is a risky decision to make a living from it!!!
I do think about this that why would anyone will want to liv on forex alone when it is very easily possible to do forex as part time and earn full time. Professional trading doesn’t mean that you need to spend 8 - 12 hours in front of charts, you can spend only 30 minutes per day for it as well.
I do make a living of Forex.
Thinking about opening a thread about it. How does myfxbook works?
Good if you already making forex for living, I have some friend which they also already treat forex as full time business and they can covered daily purposes from earning forex business
Making money in forex is so hard if you are new in this business. But you can make it easy if you can give time to learn Forex. so work hard and learn forex before start earning good money.