starwar1508 Posted January 25, 2013 Share Posted January 25, 2013 well in the world today forex has become so popular in many nation to a stage were so many people take this business as their only source of income,for me forex is the only way which am earning from right now what about youis forex your only source of income Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 26, 2013 Share Posted January 26, 2013 That's kind of a great one for you.But i as a newbie dont have forex as my only income means.Though i may be doing that in the nearest future but that i wouldn't be doing in my present state.sincerely to me doing forex as a full time job isn't a bad one. Quote Link to comment Share on other sites More sharing options...
Achiever2015 Posted January 26, 2013 Share Posted January 26, 2013 World over, forex has become the sole source of income generation to a number of people. However, this cannot be an option for me. I've got work that I love to do, though may not be paying as forex would. When you find what your heart loves to do, stick to it. Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted January 26, 2013 Share Posted January 26, 2013 We should never forget that no matter how perfect we become we cannot remove risk from Forex trading. So its prudent to use Forex as an additional source of income to achieve our financial goals instead of using it as the only source of income. We cannot make profits always in Forex. Its very risky when we use Forex trading as the only source of income. Quote Link to comment Share on other sites More sharing options...
Achiever2015 Posted January 26, 2013 Share Posted January 26, 2013 Candid advice there from PROPENSITY100 there. We cannot but agree with the fact that the stakes are high in forex and the risks are huge. Thus the need too have a stable job at hand and make forex a complementary flow of income. Quote Link to comment Share on other sites More sharing options...
pepy Posted January 26, 2013 Share Posted January 26, 2013 nope, my income come from many source like PTP forum, HYIP, PTC, and also from Forex itself, actually i don't trade everday and usually i post while trade too, just do some long term trading which i think sometimes profitable, but i think for some people forex is not only their main source income just like me Quote Link to comment Share on other sites More sharing options...
riddick09 Posted January 27, 2013 Share Posted January 27, 2013 I also don't only focus to have Forex trading as source of income. Actually, I haven't made profits or earned in Forex trading or in Forex forums because, I wasn't able to focus in this field. But this year is my plan to have better on trading as I don't get much earnings in other online earning sites which we know that it's better to have now investments. Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted January 27, 2013 Share Posted January 27, 2013 Forex is a risky source of money and that is why we should never rely on it solely to make our living. O\Forex trading can serve us best when its used as an additional source of income. We should trade Forex when we sense any opportunity and not daily and continuously making it our job.. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 27, 2013 Share Posted January 27, 2013 No i never depend on forxe all the time and i suggest all that forex can be just a part time business and try to make your self settle with your core jobs so that you can set your carrie in a very right path . there are many traders who trade forex as a part time job so that they can earn some extra money . Quote Link to comment Share on other sites More sharing options...
pepy Posted January 29, 2013 Share Posted January 29, 2013 Forex is a risky source of money and that is why we should never rely on it solely to make our living. O\Forex trading can serve us best when its used as an additional source of income. We should trade Forex when we sense any opportunity and not daily and continuously making it our job.. yeah for some people like me forex is risky place even i start to earn here but not that much and i think for make a living it still far away but as additional income from some online business that i joined i think that is good, also it give me other knowledge about economic thing, so forex is not my only source income , but could be a potential source income Quote Link to comment Share on other sites More sharing options...
chintu Posted January 29, 2013 Share Posted January 29, 2013 Not only for you, Forex is risky for each and every one who involved into this business . there is no guarantee that expert traders or experience traders will manke money for 100% in forex . the traders will be reacting to the market situations time to time and earning some profits if they can . Quote Link to comment Share on other sites More sharing options...
Achiever2015 Posted January 29, 2013 Share Posted January 29, 2013 Forex is really a risky investment, though it's got its juicy offers. It will not be in the best interest of an investor(especially the beginner) to make forex his/her only source of income. The idea I've got is to have multiple streams of income. So I can't put all my eggs in a basket, even if the basket is beautiful. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 29, 2013 Share Posted January 29, 2013 Forex is really a risky investment, though it's got its juicy offers. It will not be in the best interest of an investor(especially the beginner) to make forex his/her only source of income. The idea I've got is to have multiple streams of income. So I can't put all my eggs in a basket, even if the basket is beautiful. Actually making forex as the major source of income will be really a great idea but that can be only possible to some traders who are well experienced in this business . All can earn but earning huge profits with good strategies can be only possible with forex that is the reason many of them prefer to trade with forex . Quote Link to comment Share on other sites More sharing options...
gaban Posted January 30, 2013 Share Posted January 30, 2013 Trading is my part time job, so forex is not only my source income. As we know that forex is high risk business,that's why I have not dared to decide to make forex as my main source of income. Quote Link to comment Share on other sites More sharing options...
andisatria Posted January 30, 2013 Share Posted January 30, 2013 I just make forex as an extra income because I have another job and I just did a part time forex trading that I have, I really like trading forex as a side job that I do because to make extra money from forex I do not need to work hard to can get it Quote Link to comment Share on other sites More sharing options...
pepy Posted January 30, 2013 Share Posted January 30, 2013 Forex is really a risky investment, though it's got its juicy offers. It will not be in the best interest of an investor(especially the beginner) to make forex his/her only source of income. The idea I've got is to have multiple streams of income. So I can't put all my eggs in a basket, even if the basket is beautiful. that is right, even some professional also not only trade in forex , but i still see some of them that depend on forex and make them as living also the only source income for their life, that is not a false move, but depend only in one thing is not a good thing to do because i think you all already know about it, right? Quote Link to comment Share on other sites More sharing options...
tirus Posted January 31, 2013 Share Posted January 31, 2013 The risk of course is something that one has to think of when it comes to having forex as the only source of income. Of course, one can be good in trading and also have good maoney management skills to control the funds that are generated from or invested into forex but its still good to diversify. Quote Link to comment Share on other sites More sharing options...
chintu Posted February 3, 2013 Share Posted February 3, 2013 Depending on forex as a only source of income is not at all good and i am sure that most of the traders will be doing there other offline earning work apart from forex . Fore cannot assure money every time but an offline work will surly get you salary every month so i think its better to prefer to go to offline work . just treat forex as just a part time business . Quote Link to comment Share on other sites More sharing options...
riddick09 Posted February 3, 2013 Share Posted February 3, 2013 I agree. Thinking what if you have lose in all of your trading and therefore, you don't have earnings at all in that time. So, I don't think you will able to continue on trading if you don't have any funds to make trading again. Therefore, it's always wise to have other means of earning or our source of income for the reason that this will mean of our way to not have totally loss. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 3, 2013 Share Posted February 3, 2013 but some of them have thought that you can get new capitals from forex forum such as MT5, just be active there, how about that? i think that thing become a thing that many people think right now, i asked of my friend why he doesn't want to move from forex, he give me many reason aside from the one that i said above Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted February 3, 2013 Share Posted February 3, 2013 People who make Forex trading as their only source of income are more prone to losses because then we have to trade regularly and not only when we sense opportunity in the Forex market. Forex is better suitable as an additional business which we can use to achieve our financial goals by learning and mastering its various strategies. Quote Link to comment Share on other sites More sharing options...
budado Posted February 5, 2013 Share Posted February 5, 2013 Last January I'm happy that my total earning in forex trading is 330 dollars and my eanrings in ptp forum is 98 dollars. This is how much I earned last month and I'm hoping to earn 300 dollars this month. Although I have 73 dollars earning this week along. I'm still not confident enough to reach 300 dollars before the end of the month. But lets see. Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted February 5, 2013 Share Posted February 5, 2013 Forex is a risky business and so one should avoid relying on it wholly and solely to sustain oneself. However Forex can be sued as an additional source of income with great potential if one makes efforts to learn it thoroughly. If we chose Forex as our only source of revenue then we need to trade either if we sense any opportunity or not. This makes us more prone to loses. Quote Link to comment Share on other sites More sharing options...
gaban Posted February 6, 2013 Share Posted February 6, 2013 Forex is a risky business and so one should avoid relying on it wholly and solely to sustain oneself. However Forex can be sued as an additional source of income with great potential if one makes efforts to learn it thoroughly. If we chose Forex as our only source of revenue then we need to trade either if we sense any opportunity or not. This makes us more prone to loses. Â Yeah, if we wanna make forex as our primary source of income we should be trading well so we can get a profit consistently. We must capitalize on the opportunities that exist to be able to get profit. Because I am still learning, so I have not dared to make forex as a primary source of income. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 7, 2013 Share Posted February 7, 2013 Â Yeah, if we wanna make forex as our primary source of income we should be trading well so we can get a profit consistently. We must capitalize on the opportunities that exist to be able to get profit. Because I am still learning, so I have not dared to make forex as a primary source of income. if people really want to make forex as their main income i think the best thing they must do right now is increase their trading frequency, for example if we trade about 3-5 hours, why not increase it to 7-10 hours per day. that will train us as expert traders, and with that thing we will have chance to make forex as our primary income Quote Link to comment Share on other sites More sharing options...
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