Can I make a living trading forex?

[depie 62]

Yes, of course!
Forex is a place where traders can speculate and earn money on price movement. Forex is a job absolutely the same as other jobs, IMHO.
Let’s compare Forex trader with cashier in the store, bank employee, and forwarder in a logistics company:
Beginner who wants to work as a cashier will have to learn how to use cash machine, count money and customer communication, only 3 main functions. It will take not more than 1-2 weeks to become good cashier in a store. It will bring money for living.

Beginner who wants to become bank worker will have to be familiar with financial sphere, probably pass banking courses, work with specific computer programs, be ready to communicate with customers, and work with money. Become good bank employee will take some weeks. The higher position in the bank, more need to learn and know. It also will bring money for living.

Beginner who wants to be a forwarder in a logistics company, will have to do more functions. As minimum need to learn information from Internet or pass some courses – to understand how logistics works, etc. Then it is necessary to start communicating with customers, offer good services conditions, provide specific information about cargo, documentation and so on. It will take some months to become advanced worker in this profession. It will bring money for living as well.

FOREX – Beginners who want to become successful Forex traders and earn money for living will have to:
MAIN rule – don’t expect that Forex will bring you profit when you start trading, so you have to get somewhere money for living, while you are learning Forex and reach the point when Forex brings you amount of money that is comfortable for living.
learn Forex information by their own, searching it in Internet, watch some courses, or visit a local city Forex courses. Everyone choose his or her own learning method.
Practice trading on Forex terminal that you chose. I recommend to practice on demo account, so you could increase your trading skills and experience without spending money.
Find or build your trading method that will have loss-profit ratio as minimum 1:1+, so you could get more profit rather than loss.
After you reach the aim for getting more profit than loss, you move to real account and start trading.
Strictly follow your trading strategy rules, don’t trade on emotions, and control money management. In a result Forex trading will bring you profit for living.
Some traders are fast learners and start trading Fore after several months, but some learn slowly and it can take years. Don’t give up, and always go forward.
You can see now that any job you would do, need to learn, and every profession need different information and time for learning. In any profession you will earn money for living.

So, Forex can also bring you profit for living, everything depends on you.
Wish you to be independent Forex trader!
 

[BiomeX-Men 40]

I see a lot of traders offering advise. It would be amusing if these traders were losing money but could advise you on how to make money. As many people do on retail forums where you may learn a lot of stuff, such as Babypips. Here are some straightforward inquiries. Who is profitable, and what is your strategy? I've been successful since I started utilizing institutional trading.

[BiomeSupergirl 39]

Those who develop trading methods with discipline and foresight never lose money. Loss trading occurs when people do not follow a strategy and do not operate with a plan. I have to trade with Psychology and Emotion Control if I want to trade.

[CreeperWolverine 26]

Many people, I believe, have profited from this. However, if you're looking for traders that can consistently earn money or at the very least have a profitable total trading account, I doubt there are many of them. It's a different story when it comes to earning regularly. Personally, I've been attempting to perfect the fibonacci retracement in conjunction with other indicators for trading purposes.

[MobsGreenArrow 7]

I believe it is an exaggeration; there are many successful traders who actually earn a livelihood from their trading. They make up a tiny fraction of the total number of traders,

[Nether 7]

Most mechanical tactics will be lucrative if they are followed with some discipline. When traders attempt to use a squirrel technique to carry a tree trunk about or an elephant method to climb up a tree to get some nuts, they encounter across problems.

[WitherS 54]

The trader's capacity to profit is determined by his or her knowledge of the market, trading strategy, trading plan, risk management approach, and emotional control. Not everyone can benefit from the market; it takes a lot of work, and everyone must be willing to put in the necessary effort.

[SpawnBlackPanther 11]

Not everyone in this place makes money. Some people are here to learn, while others are specialists who can provide guidance. Traders like myself, who are neither experts nor novices, are also there; we would want to share our knowledge with a beginner and acquire new skills from an expert. I am not very lucrative, but I do make a decent profit on average.

[WorldThor 8]

This place isn't for everyone. Some people are here to learn, while others are professionals who can provide guidance. Traders like myself, who are neither experts nor novices, are also there, and we would be happy to share our knowledge with a beginner and acquire new skills from an expert. I am not very lucrative, but I do make a decent profit on a consistent basis.

[mobsCatwoman 36]

Forex trading is a profitable industry, and only those who are ready to study and take risks can benefit from it. Also, in these trade forums, I don't observe any issues. In reality, it's a fantastic area for traders to communicate with one another and learn from one another.

[ComputerWitherSkeleton 51]

I'm having a lot of trouble making money these days since I'm attempting to combine many methods into one that's exhibiting indications of weakness. I ended up waking up the amateur attempting to go Pro since I had no idea what I was doing.