View Full Version : Is it possible to make a living trading forex market?


Yeahbaby
03-08-2005, 12:09 PM
Is it possible to make a living trading forex market?

heart_and_troll7821
03-14-2005, 08:30 AM
Hi, yes it is possible to make a living trading forex, but it is also possible to lose what you start with. I have been trading forex for around 11 years now, but in a "simulation / real time mode". That means that i trade forex in a practice account and use practice money, but with live trading conditions. You should open a free practice account, say with oanda.com first and spend several weeks operating a practice account. If you were considering trading forex via a broker... think very seriously about that!! You will get charged broker fees on every trade (usually $500) REGARDLESS if the trade loses money. Far better to learn the basics and trade your own monies yourself! You can open a full / live account from $1 upwards. Good luck!!

JacopoG
03-20-2005, 04:51 AM
Forex trading online can be risky thats why it's best to have some education before you invest. I've been trading currencies online for about 2 years and it wasn't difficult to learn. I learn how to trade from online courses and Forex forums. Try going to http://forexlearnonline.com and use the promo codes for Sharebuilder. You'll get $25-$50 bonus to use for stock trading (basically practice money) to get you started.To answer your question yes it's possible but it can be highly risky!

chury27
03-26-2005, 01:12 AM
Hi there just send me a mail to, jaques606@yahoo.com, with "trading forex", in the subject line, and i'll send you some info regarding this matter.Will reply asap.

ThinKaboudit1372
03-31-2005, 09:33 PM
Yes it is possible to make a living trading forex.First decide how much income you will need on a monthly basis to cover your basic expenses. Let's say you are an experienced trader. To cover for basic day to day expenses, you need US$1000. Most traders I know who do this for a living can make 5% each month on their capital off the market. So to make $1000, you will need $20,000 as trading capital.But let me warn you. If you are not a trading professional, it is better to have a day job while learning to trade the market. Start small, be patient and always take your losses when the market tells you you are wrong. This way, you will preserve your capital and live to trade another day.

HL
04-06-2005, 05:54 PM
It is possible and quite enjoyable making a living from investing in the Forex market.You can participate in the Forex market from anywhere in the world so long as you have an internet access.There are also some interesting benefits in operating your Forex trading as a business and operating as a corporation.Good luck.Paul