What is the best source of Forex earnings?

[tomorton]

There is no need to get rich quick. Just aim to use a simple objective strategy to make 6% profits per month. This will double your account in 1 year. Keep doing it. Don't be in a hurry but don't stop.

 

[Andras]

Vendors of trading strategies and EAs hype too much. One begin to wonder why the vendors are not billionaires if their product is so good at making money.

 

[ElectricSavant]

Yes. Become a dealer.

What is the best source of Forex Earning and how can we make a lot earning from Forex? Is it possible to get rich quickly with Forex trading?

 

[Coner1980]

Yes. Become a dealer.

Thanks for your reply, can you help me to know how can i make dealer and what are the benefits of it?

 

[ElectricSavant]

In Forex 'Brokers" are called "Dealers".

Thanks for your reply, can you help me to know how can i make dealer and what are the benefits of it?

 

[Esha.J]

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, Forex trading can be a rocky highway to enormous losses and potential penury. You can hire a broker for your funds to be traded properly I would recommend LMFX broker.

 

[Teryc20]

Do not rush with earning quickly. Go slow.
It is always better to aim for consistency while you trade. Forex has a lot to offer, yes you can earn well but be rational with your choices, not greedy.

 

[Gaston]

Best source of forex earnings is forex itself no?
On a serious note, best way to earn is first learn how to trade. Babypips has a very good forex course. then learn how to set signals and resistance levels so you know the movement is going to be for TP and SL(earnforex, daily analysis). Second choose a broker who has low spreads and low commission (like fxview, tickmill), don't fall for 0 commission scheme, they dug a hole through spreads. slippage is another way to loose, so check out before jumping in. It would be better to start small, and so you can learn risk management better.

 

[Henrique]

Do not over trade, but practice what you have learned on a demo account.It is possible to earn big in Forex trading, but there is no quick way to do this. I had started off with a demo account on Turnkey Forex and after testing out various strategies did I zero in on one. I regularly trade using ECN accounts of Turnkey forex and Ameritrade now. And see some really awesome days, profit-wise.

 

[geedy]

Is it possible to get poor with Forex trading.
To get poor very quickly, trade very heavily.

It takes many decades to develop trading skills.

This right here. Anyone who wants to get poor quickly should start trading Forex without knowledge or experience. Just invest and press buy or sell.