Is it wise to rely on Forex only?

[GoldDigger]

After around 4 years of Forex trading, I started to feel that making profit every single month is nearly impossible. What do you think of it?

I think you answered your own question.

If Forex is not profitable for you, then you need to do something else.

Try regular day trades or options or whatever.

Forex is not the only thing.

You should never rely on only one anything.

 

[shine]

I think that first you need to try very hard to make forex trading your additional income, and only then look and think whether it can be made your main income)).

 

[Alexis_0]

I would suggest to explore other ways besides forex because forex doesn’t guarantee consistent profit.

 

[shine]

I would suggest to explore other ways besides forex because forex doesn’t guarantee consistent profit.

Yes, we spend some money on living every day, so we need a more stable income, and forex trading can be used as an additional source of income. But it is important that forex does not take away a lot of your investments, which you can lose as a beginner. Therefore, it is better to start with a demo account, I did this when I was studying trading and technical analysis, and after developing and testing my trading strategy on a demo account, I opened a small ECN account with my broker fxopen, which allowed me to open it starting with just $ 100.