Can I make a living trading forex?

[naufalfxpro]

Yes forex can changing lives to be better or worst... always use only money you afford to lose.

 

[azizhk]

I am sure many professionals are doing just that! So, to be able to make money in FOREX, we have to be just a like a professional trader!

 

[mrcl2]

Its possible, but its a hellfire of a ride. I suggest to have it as a side hobby, the secondary if you will. Its less pressure and in overall a more joyful life. ..

 

[B3rz3rk3D]

Of course you can make a living, but even with a solid strategy, you still need a pretty large starting balance to make any real money. And by large I mean probably atleast $10,000.

 

[Unknown_2015]

It is really possible to make a living out of trading forex, but it would really require hard determination and patience as you watch your money grow slowly but surely.

 

[learn2tradeUK]

It's always a gamble. More you put in more you stand to get out but also lose.

 

[bestgoal]

This is a very inspiring, at the moment I trade forex as a hobby, but since I'm getting the hang of it I can almost make a living out of it

 

[GSZ]

I think its very hard to make living only from trading.

 

[richelephant]

yes of course if have patience and skill and strategy

 

[lengendff]

Must start from basics and learn from old birds. Cannot just pump in money and try. Use demo account 1st.

 

[lalalalala]

Not easy but doable.... still you need to put the work

 

[MosquitoFX]

don’t expect that Forex will bring you profit when you start trading, so you have to get somewhere money for living

 

[Sherverty]

Yeah, many people are making good living from Forex trading and become rich but also remember Forex can be risky too if you will over trade to make more profit in quick time.

 

[Lanfuss]

I think it's possible everything is in the investment on all plans

 

[jgbollozos]

How long should you be practicing in a demo account before shifting into a live account?

 

[api]

From what i see, its possible for those who got the skill and healthy capital. As for me, forex is still a nut to crack

 

[flakez]

Tried it thrice and blow my account on all occasions. 2 forex account and a crypto. Trying to it again on demo accounts. For sure you can make a living out of it but it will take time. Don't expect to get rich and quit your job right away.

 

[mehrzad]

You can also make a living by selling forex EA's. No risk .
Thank-you

 

[Barren]

It all depends on what you need as an income to live on. If you are happy with earning $100 everyday for 20 days, you get $2000 a month (and earning $100 a day is easily done with the right currency pair and proper MM).
This seems to be a decent monthly amount.
But of course, you need to know what you're doing and understand how the forex market works.

 

[ijamze]

nice thread, gives people the right mind set and what to expect from forex