Is it possible to earn a good living exclusively in the ForEx market? -

Since there are so many trading methods and platforms, what is a good platform and trading system that I should investigate that would afford the best results with the least amount of risk? I understand there is substantial risk to this type of investment and one should not invest funds they can t afford to lose. There are people who trade forex for living. All you need is a good trading plan and follow it strictly. Usually most of the traders prefer MetaTrader 4 platform. You can try to google it. Choose one broker that you trust. There are few brokers that offer you to start trading with as low as $500. Below are some broker that you might want to try: easy forex: http://ads.easy-forex.com/Gateway.aspx?g... fxdd: http://www.fxdd.com finexo: http://system.referforex.com/processing You might want to check out this newly developed forex blog. http://easy101forex.blogspot.com Up until recently, it took years of education and experience to profit consistently in the forex markets. No one has all winning trades. You have to accept loss from time to time. Now for $100 or so you can buy an automatic trader, for which you need virtually no previous knowledge of forex. It won t make you rich overnight, but you should see your account grow, and it should be possible to eventually rely on forex as your main source of income. Always try these robots or autopilots on free demo accounts first before risking real money. Most of these run on a free platform accepted by many brokers, called MetaTrader 4 from http://metaquotes.net Here you can compare and see results of several of these autotraders: http://www.forex-on-auto.com Yes. You simply need to learn how the market works and take some time to develop a good system or buy a good one. You can check on review websites like http://www.forextopten.com/ and you can paper trade on any broker demo account. I would say the answer is that you should exercise yourself as much as possible. For example, if you have a job currently, then get some time daily to exercise yourself for at least 6 months. One year also should be enough, if you study at least 1 hour daily. Benjamin Franklin is know to have said: quot;Knowledge yields the best interest.quot; On the other hand, Socrates: quot;I know that I don t know nothingquot; :). - I am quoting those 2, because there is one pretty popular hypothesis in the microeconomics that the markets are unpredictable and one can t earn more than the market itself. However, many people doubt this hypothesis(the hypothesis is called: EMH - google it...). My advice though, leave forex unless you are multimillionaire. Concentrate on stocks or at least forex options. Also, don t think that any strategy on the internet can help you. Think of your own formula and try to apply it on a demo for a few months. If it works - invest small amount of money, then more and more... Believe it or not - the advice above costs millions of dollars ;) - more than any book that you can buy on quot;strategiesquot;. Good luck and happy new year ;). It all depends upon the way u r trading ,shortly it s upon ur luck,if you get profits u can survive if not ....it s upto you. It is certainly possible to make a full living on forex trading alone. Still the fact is that most of the people that try end up loosing all of their money. Why is that? Mostly because they weren t properly educated. So, the answer to your question is a PROPERLY prepared trader can make a consistent profit on the forex market. However the hype that anyone trading forex will make a lot of money is not true! If you are not properly prepared you most certainly will end up losing your money, be careful. I am a (profitable) forex trader and trainer. You can check out my modest web site http://sites.google.com/site/forextraini... see the contact me page for my contact details. I intend to give live free introductions to forex on a regular basis where this question of yours will be discussed further.