Does anyone make a living trading forex

The maket constantly goes up and down. Projected Profit goal: then I take my cost of investment and multiply that by my projected percentage I want to earn; currently I am using 2. Been thinking of dabbling into futures during my spare time. More out of boredom than making some additional profits to pay the bills.

Sometimes the trading opportunity is with Crude Oil. So yeah. Also, I would recommend that you use an algo to trade. It makes it much easier. You will have to pay a bit for it but it will make your trading so much more profitable. Pretty cool stuff. Does anyone actually make a living trading Forex? Trading Systems. Truth May 24, , pm 2. Yes, I make a profit on forex every year. It is not as unusual as it appears. AzlanAR May 24, , pm 4.

I am about 6 months away from making a full living from trading. However, I have been 6 months away from making a full living from trading for about 10 years. Profits from forex have been inconsistent so far but I still believe its possible. PerchTird May 24, , pm 7. Beranga May 24, , pm 8. TradeViper November 12, , pm This category would also include exceptionally volatile times when orders such as stop-losses do not work.

For instance, many traders had tight stop-losses in place on their short Swiss franc positions before the currency surged on Jan. However, these proved ineffective because liquidity dried up even as everyone stampeded to close their short franc positions.

The biggest forex trading banks have massive trading operations that are plugged into the currency world and have an information edge for example, commercial forex flows and covert government intervention that is not available to the retail trader.

Recall the Swiss franc example. High degrees of leverage means that trading capital can be depleted very quickly during periods of unusual currency volatility. These events can come suddenly and move the markets before most individual traders have an opportunity to react.

The forex market is an over-the-counter market that is not centralized and regulated like the stock or futures markets. This also means that forex trades are not guaranteed by any type of clearing organization, which can give rise to counterparty risk. If you still want to try your hand at forex trading , it would be prudent to use a few safeguards: limit your leverage, keep tight stop-losses, and use a reputable forex brokerage.

Although the odds are still stacked against you, at least these measures may help you level the playing field to some extent. Swiss National Bank. Bank for International Settlements. Accessed Aug. Commodity Futures Trading Commission. Securities and Exchange Commission. Band for International Settlements. Department of Justice. Forex Brokers. Your Privacy Rights. To change or withdraw your consent choices for Investopedia.

At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data.

We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Key Takeaways Many retail traders turn to the forex market in search of fast profits. So, who are the best Forex traders in the World you can read about? So, consider this… Every battle is won or lost before its ever fought Sun Tzu. Start learning. Webinar registration Register Now. I am happy to receive more information from My Trading Skills.

If you are human, leave this field blank. Introduction 2. Why Is Forex Popular 3. How Does Forex Work? Popular Currencies 6. The History of Forex 7. How Margin Trading Works 9. Forex Regulation and Protection Making a Living Trading Forex Mind, Money, Method Forex Risk Management Strategies Winning Forex Strategies Technical vs Fundamental Analysis New Forex Trader Mistakes Dangers of Forex Trading Next Steps Menu.

Get the Guide as a PDF. Can we send you other trading information we think you'll be interested in? Yes, please sign me up! Request PDF Guide. Please see our Privacy Policy. Request a Free Broker Consultation. Phone including intl. Access to the Community is free for active students taking a paid for course or via a monthly subscription for those that are not. Buy community. Any person acting on this information does so entirely at their own risk. Any research is provided for general information purposes and does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.

Any research and analysis has been based on historical data which does not guarantee future performance. Shared and discussed trading strategies do not guarantee any return and My Trading Skills shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.