Can i make a living out of only doing forex?
Question by DragonFox: Can i make a living out of only doing forex?
I am a student currently doing my Msc in University of Wolverhampton i am currently doing forex i was thinking of investing some more money in forex i have done this for more than 1 year now i was wondering if i could use forex and make money totally for expenses because its hard to do a job and research at the same time, Thanks in Advance 
Best answer:
Answer by Alexander Collins
Hello,
If you’re trade in profit for an year, you may try to do it for a living.
However, you should have your tested strategy that makes money for you. Follow and improve it.
If you are not strong in that field, try some of Forex robots at:
http://forexthor.com/
http://www.forexeasystems.com/
As for me, I will never put all eggs in one bucket.
What do you think? Answer below!
check my site to find good materials will help you
http://www.commissionshops.com/shop/trading-shop
Yes you can, but it won’t be an easy feat. It takes a lot of reading and research on many aspects like trading psychology, strategies, discipline, etc before you eventually reach a point of profitability. Don’t give up though, you will face failures and disappointments, but if you want to be one of the 1% that actually makes money in this business, you got to stick it out through the beginning hard times.
Trading Forex for a living is certainly achievable, but it will take a lot of time and hard work to reach that stage.
The key to successful trading is education, and a good site for this is BabyPips. You will then need to find or develop a sound trading strategy (BabyPips is a good source for free strategies), and follow it consistently on a demo account. Once you are consistently profitable, you are then ready to trade live, but only with small amounts. There is a big difference between demo and live trading because your emotions come into play when real money is involved.
Depending on how much capital you have to start with, and how much you can add over time from your income, it could take a number of years before you reach the stage where you can make a living from trading. Too many people believe that trading is easy, and they are in for a nasty shock. However, once you get to the point where you are a consistently profitable trader, with a live account, trading is not that hard.
Hello,
Some of the Wealthiest people the world has ever known are traders and investors. The style that works for you may not work for others. It is important to try to triple your account before adding new money. Start slow, don’t get greedy, and read some books.
Here are some links you may find helpful for starters:
http://forex.fxlivedaytrading.com (Blog)
http://liveforexdaytrading.com (Free videos and articles)