Anyone Here Making Consistent Money With Forex Trading?

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The only people i meet that became rich with forex trading are people that sells courses about forex trading, and pretending to be rich because of forex trading (while in reality most are broke af and just use a mix of ai image and video generation with some ocasional pic in an expensive place
 
I used to trade Forex and consistently made around $10–15 in profit per day, but these days I'm more interested in cryptocurrency.
 
itsworth said:
The only people i meet that became rich with forex trading are people that sells courses about forex trading, and pretending to be rich because of forex trading (while in reality most are broke af and just use a mix of ai image and video generation with some ocasional pic in an expensive place
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Not just courses, also money from affiliates, youtube ads (which they get a high CPM since this falls under "finance"), Discord group,...
 
pourmeanother said:
The only advice i can give you to save you years and tens of thousands of dollars is:

Don't touch technicals, trade forex without a chart. You don't need it. It will only send you down an endless rabit hole of scams, junk and fake 'made it' moments.
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Thank you so much
 
Forex can still be worth learning in 2026, but consistent profitability usually takes time. In my experience, risk management and discipline matter far more than any specific strategy. Most traders fail because they break their own rules, not because their setup is bad.
 
I used to trade Forex, but I consistently incurred losses. As a result, I've lost interest in participating in the Forex market.
 
I think so too. Strategies matter, but in the long run, psychology and risk management are what really set successful traders apart.
 
I used to trade Forex, but I frequently lost money. Because of those experiences, I've lost interest in trading the Forex market.
 
Xantric said:
I have been studying forex trading for about the past several months and my topics of interest include Smart Money Concepts, liquidity sweeps, market structure and risk management. So, my question here would be how many people actually make consistent money through trading as compared to other online businesses.

A majority of people on the internet do one of three things:

* Show off their profits which are false;
* Sell courses that teach people about forex; or
* Simply vanish after a few months of operation.

Hence, I was really curious to get some honest opinion from some of the BHW members here.

Some questions:

1. How much time did it take for you to earn profit?
2. Did you use demo account initially or straight away jumped into live trading?
3. Which strategy is the best for you? (SMC, Price Action, Scalping, Swing Trading, Robots, etc?)
4. In which session do you usually trade? (London, NY, Asian)
5. Is forex worth studying even in 2026 when there are other online income opportunities?

In any case, personally speaking, what matters most is psychology and risk management. A single emotional trade can ruin all your setups for the next week.
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Honest answer, the number of people making consistent money from forex is tiny compared to how many start, way lower success rate than most online businesses where effort more directly equals results. That's not to scare you off, just that trading isn't really a business, it's a skill with a long unpaid learning curve. On your questions from what I've seen: most who make it took 1-2 years before consistent profit, nearly all blew or struggled through demo/small live first, and the strategy matters less than sticking to one long enough to master it, SMC is fine but people jump between systems too much. You nailed it yourself, psychology and risk management are the whole game, the edge is boring discipline, not the setup. As for 2026, it's worth learning only if you actually enjoy the process, because if you're in it purely for money there are faster and more reliable paths online.
 
most traders dont get consistent under 1 2 yrs demo first then small live risk 1 percent london ny overlap works best psychology beats smc labels fr :cool:
 
Risk management and consistency matter far more than any single strategy Most profitable traders know spent months on a demo account first developed a clear trading plan and treated trading as a long term skill rather than a quick way to make money.
 
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