Mastering forex trading as a way to master survival ?

[Majed]

Forex trading seems like a legit tool to make money online, what do yall think ? 

[Phil King]

it seems like you are looking for quick schemes like gambling and forex as a way to avoid real work. Sure you can make money doing forex, but its not a building towards anything greater, its purely a zero sum game. 

Overall, it can be a legit way to make money online, but I doubt that you are gonna put in the necessary 1000+ hours to become a consistently profitable trader

[Majed]

@Phil King What do you mean by real work is the question ? 

[Paradoxed]

I think something like 90+ percent of forex traders never make any money.

[FourCrossedWands]

Why does like a half of this forum want to become rich by gambling? 🙄

[MarkKol]

Everyone and their mother is getting into some form of crypto/stock/gold trading, best of all, they all call it "Building a business".

I would rather depend on Uber Eats food delivery than any form of trading. One guy like Trump can just come in, crash all the stocks, and suddenly you feel like you know nothing, because you don't.

Go sell a product or service, instead. You don't need to be a millionaire, if you feel like do. You're falling for self-deception.

Big money is self-deception because you rob yourself of experiences, connections, and life in pursuit of money you never needed. 

[FourCrossedWands]

18 hours ago, MarkKol said:

Everyone and their mother is getting into some form of crypto/stock/gold trading, best of all, they all call it "Building a business".

I would rather depend on Uber Eats food delivery than any form of trading. One guy like Trump can just come in, crash all the stocks, and suddenly you feel like you know nothing, because you don't.

Go sell a product or service, instead. You don't need to be a millionaire, if you feel like do. You're falling for self-deception.

Big money is self-deception because you rob yourself of experiences, connections, and life in pursuit of money you never needed. 

The problem is, there is almost nothing left for those who are poor and want to become rich ASAP.

Starting a business in 2025 is a real pain in the ass. Online business are completely dead due to search engine changes, AI, Amazon, Temu, etc. On top of that, there is now global uncertainty and nobody knows if we are headed into a big recession or not.

Even Leo is not earning as much as he used to IMO. Advertising is on a big decline and companies like Google are trying to keep money in the house instead of paying publishers.

The best thing right now is to stop caring about money and just be happy with what you have...

 

[Inwhitelight]

A former colleague of mine did some forex trading and seemed to be successful. According to him you have to take the time to get educated about it, have money to invest, be willing to take risks, be consistent and avoid scams. He made it seem pretty easy, but he was a very disciplined guy. If you have money to spare maybe it's worth a try. Tip: before you do any real trading, get comfortable with simulators first

[Peo]

On 25.5.2025 at 8:18 PM, FourCrossedWands said:

The best thing right now is to stop caring about money and just be happy with what you have...

Worst advice ever. 

[Alex4]

I have a better idea. Invest in index funds. It might be boring, but in the long run, you’ve got way better chances of making a profit. Use the extra time for your hobbies or learn a skill that’ll actually bring you money and/or satisfaction.

[FourCrossedWands]

On 28. 5. 2025 at 5:44 PM, Peo said:

Worst advice ever. 

You used to have maybe 10-20% chance your business will succeed, it is a well known fact. This chance has effectively decreased to maybe 1-2% in 2024-25. If you dont trust me, then browse various business forums and subreddits. Be it affiliate websites, online shops, ebay, content creation, etc. most of the people are giving up after years of struggle.

[Peo]

11 hours ago, FourCrossedWands said:

You used to have maybe 10-20% chance your business will succeed, it is a well known fact. This chance has effectively decreased to maybe 1-2% in 2024-25

I believe you, but why not try? What is the worst thing that can happen? You fail, then you try again, again and again until death comes for you. Life is fun that way. Just don't take some risky loans, that is a sure way to screw up in life. 

 

11 hours ago, FourCrossedWands said:

most of the people are giving up after years of struggle.

This is why they will never get rich. I am allergic to the sentence "I give up". Never give up in life, even if it takes you entire life. 

[NewKidOnTheBlock]

1 hour ago, Peo said:

I believe you, but why not try? What is the worst thing that can happen? You fail, then you try again, again and again until death comes for you. Life is fun that way. Just don't take some risky loans, that is a sure way to screw up in life. 

There are better ways to spend your limited time that yeld much more certain results. Such as optimizing your 9-5 career, working out, etc. Better than trying to add value to this faggy economy by attempting to create a bussiness of your own. And an online business, nontheless, probably the kind that, if you were to trully analyze it, provides zero actual value to other people

Or even just chillin and playin video games. At least you're enjoying yourself

And yeah, forex is obviously BS, I thought we didn't have to go over this. But good luck I guess

Edited Friday at 01:02 PM by NewKidOnTheBlock

[FourCrossedWands]

1 hour ago, Peo said:

I believe you, but why not try? What is the worst thing that can happen? You fail, then you try again, again and again until death comes for you. Life is fun that way. Just don't take some risky loans, that is a sure way to screw up in life. 

 

This is why they will never get rich. I am allergic to the sentence "I give up". Never give up in life, even if it takes you entire life. 

Well, I am not giving up mostly because I have already accumulated enough wealth, so I will keep doing whatever I have been doing just for fun.

But, there are thousands if not millions of people who have been in the online business for 20+ years and literally all have come to the same conclusion.

It is now the end for small businesses in general and starting a new business in 2025 is a financial suicide. It is a bigger gamble than putting your money into crypto or meme stocks.

Edited Friday at 01:05 PM by FourCrossedWands