Can I make sustainable profits trading forex? Anyone who’s been trading forex for longer than a couple of weeks has asked this question. I certainly have in the beginning of my forex career!
How about you?
I enjoy teaching others how to trade forex and how to become profitable in forex. That is the exact reason why I started Smart Forex Learning. Another way that I often try to help people, is on the social Q&A site Quora. If the questions I’m asked there are any indication, people are quite doubtful about forex:
- Is it possible to be a successful part time Forex trader?
- Do ordinary people make money from forex trading or is it all a scam?
- How do I learn how to trade forex successfully. I have been trading for 3 years and am still not successful.
I get this question a lot.
It usually stems multiple things. People expect quick riches, but without actually putting in the hours. Research has shown that 80% of the day traders quit within the first 2 years. Usually, at a certain point they’ve lost too much money and either quit or (even worse) go shopping for a magical forex trading system. Then they lose some more. People feel lost.
It doesn’t have to be this way.