Is it wise to rely on Forex only?

[ReggieFx]

After around 4 years of Forex trading, I started to feel that making profit every single month is nearly impossible. What do you think of it?

 

[Jessie]

It's not advisable to rely solely on forex trading for income. Diversifying investments across different asset classes reduces risk. Forex trading should be part of a broader financial strategy that includes stocks, bonds, and other assets.

 

[Elektra-Greene]

Relying on Forex alone can only work for you if you are rich!

 

[Zerologic]

No, relying on forex, in my opinion, is quite risky, it is better to still have another source of income that can be a financial backup for the family, forex as part-time is more comfortable in trading and there is no pressure on daily living cost targets, this is my opinion, maybe expert and professional traders allocate funds some portions are for forex, other portions are for shares, or government bonds, which essentially means they have a good investment strategy.

 

[Blue_reyes]

I believe you should trade with the money that you do not need. So if you can do that and not have a job then by all means go for it.