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[Razor1911]

Forex markt is a very lucrative platfrom for earning. People start to join this business in a scope of earning for lifetime. But is it worth to tracde in forex and make earrings for lifetime?

Actually, it is not hoax, there are traders who are earning massive income from forex. But we must also remember that, earning money comes with high amount of risk. If you can deal with the risk, you can surely have earning for your life here.

 

[ashim kate]

It is not a lie that so many people joined Forex because they have seen so many people that have been able to make millions of Dollars through it. This is a very wrong mentality and forex in general is not a get-rich-quick scheme. You should focus on making small and steady profits over time.

 

[Kubiat-Abasi]

You are right that there are people are making substantial income in Forex trading but that doesn't mean that they don't accumulate losses, no matter how skilled and technical they are, losses are inevitable in Forex trading because it is highly unpredictable. Personally I would opt for; cryptocurrencies trading, domain flipping, affiliate marketing, investment in stocks and shares, online tutoring, translation jobs, real estate, YouTube video creation and brand influencing.

 

[ashim kate]

It is very important that people know that no matter how much you can be able to get from forex it is still very risky and unpredictable to very large extent. If you cannot be able to manage your risk accordingly then it is better to consult other ways in which you can safely invest your money like in cryptocurrency or in the stock market.

 

[Dav1d]

I know for a fact how lucrative forex trading can be, I have had the opportunity to meet various traders from Im academy, these traders are making huge amount of money just from trading. Though no amount of knowledge can actually eliminate losses in trading but it can be controlled. I know of a trader who has made a profit of over a million dollars just form trading.

 

[dorcasy]

I always ask myself,if I had spent the 5 years I used in learning Engineering and give into Forex Trading with the same level of dedication, I won't be in the same level as those who just started trading in couple of months.
You can earn from forex permanently if you can dedicate the time and resources,as long as people are making it,you can do better.

 

[Dav1d]

I always ask myself,if I had spent the 5 years I used in learning Engineering and give into Forex Trading with the same level of dedication, I won't be in the same level as those who just started trading in couple of months.
You can earn from forex permanently if you can dedicate the time and resources,as long as people are making it,you can do better.

I totally agree with this, I have come across various seasoned traders that have not even traded up to the five years you made mention of, yet they are making it big. There is one who from his profit in forex trading have been able to set up an offline investment in real estate, he has two hostels he rents out to students, he was able to achieve this from forex trading. But to actually make good profit form forex trading, besides the issue of having the right knowledge, you also need good capital to startup as well.

 

[dorcasy]

I totally agree with this, I have come across various seasoned traders that have not even traded up to the five years you made mention of, yet they are making it big. There is one who from his profit in forex trading have been able to set up an offline investment in real estate, he has two hostels he rents out to students, he was able to achieve this from forex trading. But to actually make good profit form forex trading, besides the issue of having the right knowledge, you also need good capital to startup as well.

Exactly what my mentor told me,no doubt you can train yourself by starting with a small amount and growing the amount effervescently but if you want to be amongst the top earners that trade once or twice in a week and can let their trade run for a week you need to have capital.
Sometimes you might have a good notion of were the market is going to but the fear of pull backs that can wipe your small capital will become a limitation.

 

[Dav1d]

Exactly what my mentor told me,no doubt you can train yourself by starting with a small amount and growing the amount effervescently but if you want to be amongst the top earners that trade once or twice in a week and can let their trade run for a week you need to have capital.
Sometimes you might have a good notion of were the market is going to but the fear of pull backs that can wipe your small capital will become a limitation.

Exactly, am guessing you have has some experience on this with the way you explained it in details. This has happened to me on so many occasions. I have been able to predict the next move of the market and I place my trade but there are times where before it starts going to the trend I want it to, it takes times but during that process of waiting, the trade keeps on falling, cause the money I placed in is not all that big before I know it, my account has been wiped clean.

 

[dorcasy]

Exactly, am guessing you have has some experience on this with the way you explained it in details. This has happened to me on so many occasions. I have been able to predict the next move of the market and I place my trade but there are times where before it starts going to the trend I want it to, it takes times but during that process of waiting, the trade keeps on falling, cause the money I placed in is not all that big before I know it, my account has been wiped clean.

Pull back can be very dissatisfying when it comes to trading forex, that's while it's good to have a good capital that can withstand the pullback without you having the thoughts of liquidating.
People that also rush into trading are victim of issues like this because of false signals.

 

[Dav1d]

Pull back can be very dissatisfying when it comes to trading forex, that's while it's good to have a good capital that can withstand the pullback without you having the thoughts of liquidating.
People that also rush into trading are victim of issues like this because of false signals.

That's right, though there are actually legit signals out there but most of these legit ones are usually very expensive, and there are also fake ones that are also expensive, one just have to be careful when making use of these signals. There was one app I downloaded once on play store, for a free app it really helped me, some of their signals where accurate.

 

[kaycee001]

I'm working toward this to earn profit for life from forex which i know is very possible when one has really mastered the fundamentals and strategies that one uses in trading and erasing every form of greed and impatience during trading. I love forex a lot because the outcome of your investment whether profit or loss is controlled by you.

 

[a_jerobon]

I agree with you that forex trading can guarantee you a lifelong profits. But you have to really know what you are doing and invest a good amount in order to earn such a good amount of profit. When you do forex trading right, it can become your full time business since you will be earning enough to sustain yourself and the family.

 

[Wisdom01]

It actually depends too because there are traders that are also making loss ,I mean huge amount of loss for some years now while some have been making profit consistently ,the difference is how they are both able to carry out the trades properly , because that's the most important thing to note when trading ,it requires so much amount of knowledge and good understanding

 

[Kubiat-Abasi]

Forex markt is a very lucrative platfrom for earning. People start to join this business in a scope of earning for lifetime. But is it worth to tracde in forex and make earrings for lifetime?

Actually, it is not hoax, there are traders who are earning massive income from forex. But we must also remember that, earning money comes with high amount of risk. If you can deal with the risk, you can surely have earning for your life here.

You can actually generate a lifetime income or profit on Forex trading but I don't suggest to depend solely on Forex trading as a means of survival. Most people who trade on Forex as a lifetime earning means don't end up well because losses are almost inevitable in trading even though you're an expert.

 

[Wisdom01]

The problem I have with forex Traders is that most forex Traders thinks that you can start making money in forex with just few months of forex education. There is so much money in forex trading but you need patience and you have to learn and get the experience over time.

What most forex traders don't know is that market dynamic changes ,for you to start earning multiple amount of gains you have to study for long ,the market changes ,the price movement for that month might differ from the price movement of the next months

 

[Wisdom01]

You can actually generate a lifetime income or profit on Forex trading but I don't suggest to depend solely on Forex trading as a means of survival. Most people who trade on Forex as a lifetime earning means don't end up well because losses are almost inevitable in trading even though you're an expert.

Exactly the market could be manipulated and that's the reason most times the entries we have made to earn profit wont be entering ,forex trading rest requires more focus and understanding of both technical and fundamental analysis to make a sucessful trade the way you actually want it

 

[btaliat]

People should not have the motive of making profit alone in forex trading. This is a trade that can either make us lose or gain. The only thing we need to know first is to have the knowledge of how the trade and the market is run. We should be preparing to lose as we aim at making profit, the main reason why we need to learn how to minimize loss and maximize profit in forex before we start the journey.

 

[ashim kate]

There are usually people that are making life-changing money from forex almost every day but then that does not usually come overnight and that is what a lot of people usually perceive very wrong. If you want to do this then it has to take years or months of hard work before you can be able to fully get it right and sometimes you must have to sacrifice a lot of things before you can be able to do this.

 

[Balint098]

If you want to work until you die then yeah, maybe forex is for you, just like any other manual jobs out there. Dunno, why you treat Forex as if it's a passive income, even though in fact it is a manual one, you need to do complex calculations every day to profit from forex. One mistake can send all your money to the abyss.