How to make income in forex


how to make income in forex

There is no doubt that Forex trading is one of the best ways to make money. Indeed, you can potentially make a lot of money through Forex trading. I mean the Forex market has such a capacity that enables you to make a lot of money. The question is how you can make money with Forex. That is a million dollar question. I have already talked about this topic in several different articles. Here I am going to focus on it again from a different approach and point of view, because this topic still needs more clarification. Unfortunately, most of those who are after making money with Forex trading are misled income the inaccurate and wrong information that can be found over the Internet. Many of those who are eager to know how to make money with Forex, are not rich. Many of them have financial problems and look for another source of income. Unfortunately, most of the information they find over the Internet, makes them think that Forex can be treated like a job that makes a certain amount of money every month. But this is not true. Although Forex trading has a huge potential to make money, none of the professional Forex or currency traders use it as a full time job. If you see someone says that he is a full time Forex trader and Forex trading is his only source of income, you have to be skeptical on what he says. There are some people who make money through having a currency exchange agency as a business, but that is different from online Forex trading that can be done from home and through your personal computer. This is what many make the so-called Forex trading mentors and gurus do. They push people to consider Forex trading as a full time job. They make people think that they can spend some time to learn to trade Forex, and then stay at home, make at their personal computers and make money on a daily basis. This is not true and Currency market is a great source of investment and increasing your wealth. Indeed, it is a big investment opportunity. It is not a job opportunity. Forex trading is not a job. It is an investment. What does it mean? It means to make money through Forex trading, first you have to have money to invest. You can consult the experienced currency traders and investors, and they show you the big and strong trading opportunities that you can take and make a lot of profit. You can learn the trading techniques to become able to trade on your own if forex want. However, you still need a reasonable amount forex money to trade. What I am trying to say is that you can make money with Forex trading even when you are not a trader yourself, but you have enough money to invest in Forex market. Learn how a friend of mine who was not a trader, made hundreds of thousands of Euros just by taking my professional advice and having enough money in his bank account: Monthly Time Frame Is the King. Income reason is that a job or a source of income is something that makes at least a reasonable and fixed amount of money, every month, consistently. Forex trading is not like that at all, because in order to make money through Forex trading, you have to wait for the market to give you a trading opportunity trade setup. You can even lose more money if you try to do that. Let me give you some examples. A taxi driver can find more clients, and so he will make more money if he spends more time driving on the streets, or being on-call during the day. A dentist can make more money if he sets more appointments with more patience and spends more time at his office. A teacher can make more money if he spends more time and works as a tutor after hours. A freelance computer programmer can make more money if he advertise more and gets more projects. As you see, you can make more how with the other jobs if you spend more time. Therefore, trading, be it Forex or stockis not a job. But Forex trading is a great investment opportunity. Although it is not suitable to make money as a full time job and on a daily basis, it gives you the chance to make a lot of money and increase your wealth while you already have a good and strong source of income. So, getting back to the same important question that says how you can make money with Forex, I have to say that having money is the first and most important prerequisite of making money through Forex trading and any other kind of investment opportunities. You need money if you want to learn how to trade Forex on your own, because you have to be financially free if you want to spend time on learning and mastering the trading techniques. After mastering the trading techniques, you have to have a reasonable amount of money to invest and income money. Those who want to start with a small money, like how that retail Forex traders advertise read thiswill have a hard time to raise their funds to a reasonable amount of money that makes a reasonable profit. Fortunately, when you have money, you will have a lot more opportunities to make more money. That is so true. I strongly recommend you to read the below articles to learn what I mean exactly. Following the right track, can prevent you from wasting so much time and money. So before you spend any more time on something that may not have any good results for you, start spending some time on something that takes you where you really want to reach which is having a good and happy life. It is a great time in history to know the things we learn here on luckscout. Many people will reach there dreams as a direct result of interacting here. I am proud to be a member and know so many talented and great people through this site. Leave a Reply Cancel reply:. Your email address will not be published. Notify me of followup comments via e-mail. You can also subscribe without commenting. Get Our New E-Books For Free. Make Money with Forex the Right Way By: Forex Trading Last Updated: Enter Your Email Address and Check Your Inbox: LEARN A PROVEN BUSINESS PLAN. April 26, at 1: May 14, at 1: Leave a Reply Cancel reply: The Easiest Way to Get Rich Fast. Make or Support and Resistance Levels? Charles Booth on Making Excuses Is the Only Thing Some People Do yasin hamd on Candlesticks or Support and Resistance Levels? Kingsley on Making Excuses Is the Only Thing Some People Do N. Success Business Blogging Forex Investment. Home LuckScout Mementos Contact About Archive Privacy Policy Terms. This Is More Important Than the Article You Are Reading:. Are You How Our Site? Our eBook Is Even More Important! how to make income in forex

2 thoughts on “How to make income in forex”

  1. Anastasia says:

    It always came back on after the plane sat until my last night flight with.

  2. Nysia says:

    Its unfortunate that your brain is full on insults but not intellectual facts.

Leave a Reply

Your email address will not be published. Required fields are marked *

inserted by FC2 system