Is it possible to have a career in forex trading?

[Berryfolia]

Yes,it is possible.
Many people pursue careers as a professional forex traders working for financial institutions or trading independently.To do so,you need a strong understanding of the forex market,a well-thought-out trading strategy,risk management skills, and the ability to continuously educate yourself about market trends.Keep in mind that forex trading carries significant risks and success is not guaranteed.
It important to start with a solid education and practice on demo account before risking real capital.

Absolutely,a career in foreign exchange can be lucrative especially within institutional setups.It is advisable to aligns with professionalism and reliability,if considering forex seriously,you can explore institutional paths for lasting success.

[_act_]

This will be the biggest mistake of most people that think about trading and learn about it and start to trade. They will lose high amount of money. In fact they can lose all their money while trading.

Trading should be the an alternative to your source of income and no one should take it as a career but take it as something that you should use very little amount to do.

[coupable]

Yes,it is possible.
Many people pursue careers as a professional forex traders working for financial institutions or trading independently.To do so,you need a strong understanding of the forex market,a well-thought-out trading strategy,risk management skills, and the ability to continuously educate yourself about market trends.Keep in mind that forex trading carries significant risks and success is not guaranteed.
It important to start with a solid education and practice on demo account before risking real capital.

Absolutely,a career in foreign exchange can be lucrative especially within institutional setups.It is advisable to aligns with professionalism and reliability,if considering forex seriously,you can explore institutional paths for lasting success.

This is a bitcoin forum. Why you ask about forex trading here?

[_act_]

This is a bitcoin forum. Why you ask about forex trading here?

This is a bitcoin forum, why are people discussing about altcoins, economics, politics and society? I do not see anything wrong in discussing about forex on this forum. It is not even about forex basically because even people that does not know about forum should be able to post on a thread like this.

If you think it is not on the appropriate boards then report it. Even off-topic is still a board on this forum if moved there.

[qwertyup23]

This will be the biggest mistake of most people that think about trading and learn about it and start to trade. They will lose high amount of money. In fact they can lose all their money while trading.

Trading should be the an alternative to your source of income and no one should take it as a career but take it as something that you should use very little amount to do.

I remember there was an article that I read before that day traders lose an average of 97% of their resources¹ given the risks involved. If a person plans to become a day trader, then it will definitely be a risky endeavor that not everyone would earn.

Like what you have mentioned, trading comes with tons of risks. Not only the risks, but you also need the capital in order to start trading. The higher the capital you risk, the higher the gains you may be able to earn. But this also comes with the risk of losing all of those invested capital.

In conclusion, if you really plan on trading, I suggest gaining and learning the experience and knowledge before engaging into such a risky venture. Once you have acquired all the knowledge and experience, then you may approach day-trading as it is.

1 https://www.cnbc.com/2020/11/20/attention-robinhood-power-users-most-day-traders-lose-money.html

[joniboini]

OP, you should probably move this to trading discussion, off-topic, or other boards (depending on which way you'll steer the discussion). Based on your post history you have a habit of creating new threads on the wrong board. I'd suggest you read the pinned threads on this sub-board to figure out which board is suitable for your new thread in the future. You've been here for a few months already, shouldn't be that difficult to navigate the forum assuming you check out the forum regularly.

[2Pizza410000BTC]

Yes,it is possible.
Many people pursue careers as a professional forex traders working for financial institutions or trading independently.To do so,you need a strong understanding of the forex market,a well-thought-out trading strategy,risk management skills, and the ability to continuously educate yourself about market trends.Keep in mind that forex trading carries significant risks and success is not guaranteed.
It important to start with a solid education and practice on demo account before risking real capital.

Absolutely,a career in foreign exchange can be lucrative especially within institutional setups.It is advisable to aligns with professionalism and reliability,if considering forex seriously,you can explore institutional paths for lasting success.

Actually, there is a lot of difference between Forex trading and Crypto trading. Since I do not have much experience in Forex trading and I have not done Forex trading yet, I cannot share very good information about Forex trading, but what I do know is that Forex trading is less risky than Crypto currency trading, and since the risk is less, its profit is also much less. Crypto trading is very profitable and profitable, but it is the most risky. However, if you can gain good experience from Forex trading, you can achieve success in that field, and if you cannot gain good experience, you may not see good success in that field.

[Aanuoluwatofunmi]

Absolutely,a career in foreign exchange can be lucrative especially within institutional setups.It is advisable to aligns with professionalism and reliability,if considering forex seriously,you can explore institutional paths for lasting success.

Doing forex or even crypto is not the problem, because to start a thing is very simple, but to sustain it for long is what many lack the ability to do, if we want to go into forex, then we should learn how to trade it, get used to the network and the various strategies involved before trading, this should also be what we can afford to risk, because while learning, we are more open to loss as a beginner before this begin to reduce gradually over time.

[btcltcdigger]

Yes,it is possible.
Many people pursue careers as a professional forex traders working for financial institutions or trading independently.To do so,you need a strong understanding of the forex market,a well-thought-out trading strategy,risk management skills, and the ability to continuously educate yourself about market trends.Keep in mind that forex trading carries significant risks and success is not guaranteed.
It important to start with a solid education and practice on demo account before risking real capital.

Absolutely,a career in foreign exchange can be lucrative especially within institutional setups.It is advisable to aligns with professionalism and reliability,if considering forex seriously,you can explore institutional paths for lasting success.

I dunno man. I've done some research, and unless you got some trustworthy source of inside info, i don't think this can be a full time job.
Best traders i know are not making enough to be rich from it. They make some money, they lose some money. In the end, it's a positive zero

[Shadiq]

Building a career in trading may not be possible for everyone, here you will find a large number of unsuccessful people. Trading can never be a main source of income, maybe you can use it as an alternative source of income.

To build a trading career, you will have to lose a lot of money and spend a lot of time, are you ready to spend that time and lose money? Even there is no guarantee that how long you will be able to survive in trading. Getting a stable income from trading is very difficult. So there is no harm in using trading as an alternative source of income, but using it as a main source of income is a wrong step.

[goldkingcoiner]

Yes,it is possible.
Many people pursue careers as a professional forex traders working for financial institutions or trading independently.To do so,you need a strong understanding of the forex market,a well-thought-out trading strategy,risk management skills, and the ability to continuously educate yourself about market trends.Keep in mind that forex trading carries significant risks and success is not guaranteed.
It important to start with a solid education and practice on demo account before risking real capital.

Absolutely,a career in foreign exchange can be lucrative especially within institutional setups.It is advisable to aligns with professionalism and reliability,if considering forex seriously,you can explore institutional paths for lasting success.

We have a trading board for traders and I think you might get better answers if you move your topic there.

But I think forex trading as a career must be possible, since you can make a career with any kind of trading. If you want an amazing career though, you would need to have the right contacts and a talent for networking with the right people who can help you out.

[Churchillvv]

Can you succeed in life generally with gambling ? yes but if only luck is by your side always so as foreign exchange market for you to succeed in Forex trading or gambling you must be ready to loss everything you put into it.

There is no guarantee in gambling so it's better one take minimal risk like outing or stacking up bitcoin for a cycle in my opinion than trading Forex. I don't engage in trading activities for some reason and I wouldn't discourage anyone that has interest in trading not to do so but I believe bearing the risk is in your hands.

[Woodie]

Millions of people have made a career out of Forex, and with new trading assets on board such as crypto..plus it's popularity you can only imagine how many more users it has on boarded when it comes to trading.

Besides, forex trading is am the oldest professions/lifestyles out there that has stood a test of time, and for as long as a person has the strategy,  mastered their risk management skills, and got their emotions together...then this here is a package to guarantee success.

[Davidvictorson]

It is possible to have a career in forex trading and through forex trading. These statement is different. Having a career in forex trading is possible but only a few persons are profitable. And the few who are profitable are doing it for companies. They trade for big institutions. They don't trade for themselves or with their own money. And they are few. To have a career through forex trading is also possible and those who do it, are those who are not profitable traders, they rather sell courses, have some masterclass, have a paid signal group and the others. They don't trade actively, they make their living from teaching others how to trade forex. And these guys are many.

[Reatim]

Trading should be the an alternative to your source of income and no one should take it as a career but take it as something that you should use very little amount to do.

when you are starting to trade you do need a source of income and something to fall back on to because you need capital and trading is not a very stable source of income especially if you are still a newbie so making sure you have a plan b and something to earn from to sustain yourself and your family will be crucial

but i do know people who have trading as their main source of income mainly because trading is too complex and time consuming for it to be only a side gig

[Negotiation]

Building a career in Forex trading is a very challenging and long term endeavor that is not possible for everyone. The Forex market changes very quickly and requires the right strategy patience and experience to be successful. There are different teams that manage it and give signals which is why not all traders succeed also trading can be stressful for many reasons. The more stable and disciplined you are the more successful you will be that is why it is better to have alternative ways of earning money instead of taking forex trading as a career.

[boyptc]

Yes,it is possible.
Many people pursue careers as a professional forex traders working for financial institutions or trading independently.To do so,you need a strong understanding of the forex market,a well-thought-out trading strategy,risk management skills, and the ability to continuously educate yourself about market trends.Keep in mind that forex trading carries significant risks and success is not guaranteed.
It important to start with a solid education and practice on demo account before risking real capital.

Absolutely,a career in foreign exchange can be lucrative especially within institutional setups.It is advisable to aligns with professionalism and reliability,if considering forex seriously,you can explore institutional paths for lasting success.

It only means, yes and you need to be actually good in trading.

Lesser losses and more accuracy of wins in the trades. So, in any career of trading, you don't even have to be hired by these institutions if you can do it on your own.

But it's still different to have that employment and receive some salary but can you take it, that you make more money for them while you receive a specific amount? maybe you get some commissions from assurance of job security.

[DediRock]

Yes, but it takes skill, discipline, and risk management. Some people make it as independent traders or within institutions, but it’s not easy. Starting with education and a demo account is a smart move before risking real money.

[odunybiz]

Yes,it is possible.
Many people pursue careers as a professional forex traders working for financial institutions or trading independently.To do so,you need a strong understanding of the forex market,a well-thought-out trading strategy,risk management skills, and the ability to continuously educate yourself about market trends.Keep in mind that forex trading carries significant risks and success is not guaranteed.
It important to start with a solid education and practice on demo account before risking real capital.

Absolutely,a career in foreign exchange can be lucrative especially within institutional setups.It is advisable to aligns with professionalism and reliability,if considering forex seriously,you can explore institutional paths for lasting success.

This is a bitcoin forum. Why you ask about forex trading here?

This forum is meant to learn. The fact that it is a Bitcoin forum doesn't mean only Bitcoin should be discuss here. Alot of helpful topic has been discussed here which are not even Bitcoin related. So, I don't see any bad thing in this post.

[sharplines]

I genuinely believe that you can build a career in trading, but it really requires a lot of discipline. Both Forex and crypto present opportunities, but the constant ups and downs can be mentally challenging. I’d recommend starting by mastering one market first then try the other.