Can I make a living trading forex?

[mlawson71]

How does one calculate risk when trading, what advice would you give?+

[maternalhearing]

Binary Hibernate shows many signs. If you follow them all, you will likely get confused. However, they can be easily filtered out. Keep in mind that this strategy is based on moving average lines. And we have said more than once that this indicator gives excellent signals in case of a strong trend, but problems could start during the consolidation period. If you trade at the intersection of moving averages, the number of signals visibly increases. But at the same time, its quality drops significantly. Lines often cross, but not for long. Thus, the trader receives a signal, opens a transaction, and then identifies that his prediction did not materialize.  Binario Invista

[Resolve]

On 10/2/2020 at 10:27 PM, mlawson71 said:

How does one calculate risk when trading, what advice would you give?+

I will say that the Risks that are present in our trades need to be brought down by us.

[Hanan Öberg]

Forex can be a great profession if traders can utilize the right tactics. The market runs on economic condition so it’s your primary duty to analyze all financial affairs happening around the world. It will help you better forecast the market. Besides learning, start trading with a regulated trading broker. FXOpulence broker allows traders with a reliable mt5 trading platform.

[maspluto]

Forex trading is currently very popular. Indeed, forex is a highly profitable business if understood and utilized effectively. That's why I continue to study and follow Tickmill's education, allowing me to delve deeper into the world of forex here.

[Nilde Lucchese]

Yes, you can make a living trading forex, but it requires extensive knowledge, skill, and discipline. Success depends on developing a solid trading strategy, managing risk effectively, and maintaining emotional control. It’s crucial to treat trading as a business, continuously educate yourself, and be prepared for market fluctuations. For beginners, LQDFX broker is offering an advanced trading course for free and their PAMM trading service is magnificent.

[uncle gober]

In forex trading, of course, what must and must be learned in trading is to always study and understand all the facilities and services available so that it can be easier, especially in understanding trading terms well so that they can be applied to real trading accounts, therefore traders must really study diligently on the brokers we use such as Tickmill.

[tradesprint]

Learning is a constant process in the traders' life so even if they are not trading any commodity, they are learning and constantly reading the markets.

[Zeologic]

Forex trading is a high-risk investment, traders may lose money in forex trading, but the potential for profit in forex is unlimited. To be able to trade for a living, traders must have adequate knowledge and reliable strategies that are proven to be profitable. The capital prepared is also better according to recommendations, although traders can start with $ 100 on FXOpen ECN, but a larger capital of $ 1000 is recommended, because larger capital allows for implementing better strategies.

[maspluto]

Risk will always be there in every business, as well as in forex trading. So as much as possible a trader must really understand how forex trading works, and have good management. So that later it can make traders more optimal in running trading with the Tickmill broker.

[tradesprint]

We have risks yet we can minimise it by implementing effective risk management by not taking more than 1-2% risk of the total invested capital.

[maspluto]

To learn now there are many conveniences, where traders can watch on youtube, enter the forex forum or take advantage of the educational facilities from the Tickmill broker. This is very helpful to learn more deeply to understand the forex market, so that later traders will also be ready to trade forex well.

[tradesprint]

Why search for stuff on youtube where there are many brokers like hfm contributing to traders' education through webinars which can be accessed offline too.

[uncle gober]

All traders must have known that this forex trading business is a very risky business, therefore its management must be considered, and abilities must also be continuously developed. This is done so that traders can develop and be qualified to run trading with the Tickmill broker.

[tradesprint]

All the traders should consider is to manage their money along with the associated risks. I think money management is also a skill combined with forex trading to get better results.

[Zeologic]

Whether you can live from forex trading depends on your skills in profitable forex trading or not. Forex trading does provide opportunities for trading for a living, but it requires knowledge, capital, skills, and a reliable broker.

[maspluto]

Getting profit in forex is not easy and instant, everything needs process and time. Therefore, the most important thing is to learn and practice a lot, this is done so that traders can be better and optimal in trading with Tickmill.