Can Forex trading be a source of income?
Results 1 to 4 of 4
  1. #1
    Banned
    Join Date
    Mar 2020
    Posts
    10
    Post Thanks / WTG / Hug
    Rep Power
    0

    Default Can Forex trading be a source of income?

    I want to start trading as a side job. I have a family and my current salary isn't enough for the monthly expenses.

  2. #2
    Super Moderator josantoro's Avatar
    Join Date
    Dec 2011
    Location
    Vermont
    Posts
    1,889
    Post Thanks / WTG / Hug
    Rep Power
    16

    Default

    I would get another job before I would start "trading". I had a friend who was in Mensa, so a genius. Retired early with a bundle of money, did day trading until it was all gone.

    If you know so little about this that you have to ask on a general interest forum, it's probably not for you. Or this might be a setup for spam, in which case it will get reported.
    Make America Kind Again.

  3. #3
    Registered User KathyB's Avatar
    Join Date
    Dec 2013
    Posts
    1,751
    Post Thanks / WTG / Hug
    Blog Entries
    2
    Rep Power
    11

    Default

    It is probably the worst choice for earning extra money. With commission only jobs the worst you can do is earn zero money. With day trading you can easily end up with less money than you started with.

    I say this as someone who has investments. I invest in a balanced portfolio, not individual stocks. It makes money - most of the time - but it is about long term investing. For example, you might double your initial investments after ten years. Of course it does not make money every year and sometimes it loses money. 5 to 10 percent a year is common when you average all the good and bad years together.

    Of course this is assuming there are only normal ups and downs not a big stock market crash.

    But investing should be done with extra money after you have paid the bills, paid off debts, got an emergency fund, etc.
    KathyB

  4. Remove Advertisements
    FrugalVillage.com
    Advertisements
     

  5. #4
    Registered User Nerd's Avatar
    Join Date
    Aug 2020
    Posts
    5
    Post Thanks / WTG / Hug
    Rep Power
    0

    Default

    Good day. I think this is not possible in 2020. This has already moved into the second place. Better to learn something new. Various programming languages can be learned. For example, I read the article - "How to Build a News Aggregator Website in 2020 | LIGHT-IT" and then decided to do it myself. Now I'm going to put it to work, I hope I will succeed.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •