Making a living from Forex trading

When people hear Forex success stories from their friends or family members or read them on the Internet, they usually get the impression that trading FX for a living is very easy and doesn’t require much knowledge or experience. They tend to believe that it doesn’t take much effort or financial commitment to start Forex trading as a full-time job.

But oftentimes, the reality behind such stories is less exciting. Sure, buying currencies at one point of time and selling them at another while getting large payouts might seem easy, but it’s most certainly not. There are so many things to consider before one becomes a successful Forex trader and gets sufficient income from it.

Now, it’s not to say that trading Forex for a living is impossible; it is, but it usually requires getting knowledge and experience, as well as opening huge accounts with hundreds of thousands of dollars in size.