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Can forex trading make you rich ?

mlawson71
Dec 15 2017 at 16:03
1487 posts
Even then I am not sure it can make a retail trader rich. Provide a good profit, yes, make them outright rich is a questionable outcome, I think.

snapdragon1970 (snapdragon1970)
Dec 15 2017 at 17:52
1944 posts
Sphinx_FX posted:
This year for me was pretty profitable. I started off the year with 150$ in the account and till date managed to get about 7000$ profit, in total. At the moment my strategy makes about 5-10% a month, so far every month. So to achieve 60-100% a year is very possible even at low risks, however the other question is the amount of money you make to be enough to survive on it. As 5% a month from 100$ is one amount and from 100,000 $ is a completely different amount.

Most important to properly manage your money.


How did you make 7000$ from 150$ at 10% per month

"They mistook leverage with genius".
MOAMER (MOAMER)
Dec 17 2017 at 08:18
9 posts
snapdragon1970 posted:
Sphinx_FX posted:
This year for me was pretty profitable. I started off the year with 150$ in the account and till date managed to get about 7000$ profit, in total. At the moment my strategy makes about 5-10% a month, so far every month. So to achieve 60-100% a year is very possible even at low risks, however the other question is the amount of money you make to be enough to survive on it. As 5% a month from 100$ is one amount and from 100,000 $ is a completely different amount.

Most important to properly manage your money.


How did you make 7000$ from 150$ at 10% per month
I believe this can be done.. i also started with $1000, and its +$45000, in two weeks only. PS: It was not scalping. at least most of the trades,,, i will continue to the end of this month and see what percentage i shall reach.

Arcferreira (Arcferreira)
Dec 17 2017 at 08:20
50 posts
apple1st posted:
Forex can make you rich only if you stop hunting big profits and start to show +10% every month stable to your investors
everythingh is simple
Also need a time for trading + Software


Another fantastic software that will make you the richiest guy in the World.
Show me an account running at this pace (10% monthly) for at least 2 years. A fantastic return of 10x the initial ammount.
For 5 years? 300x initial ammount. For an 350.000 USD account we are talking a final number of 1 billion. But there is only 2.000 billionaires in the World... and you are not one of them... why?





Trade safely... Remember, a high Drawdown means a high risk!
MOAMER (MOAMER)
Dec 18 2017 at 07:16
9 posts
Arcferreira posted:
apple1st posted:
Forex can make you rich only if you stop hunting big profits and start to show +10% every month stable to your investors
everythingh is simple
Also need a time for trading + Software


Another fantastic software that will make you the richiest guy in the World.
Show me an account running at this pace (10% monthly) for at least 2 years. A fantastic return of 10x the initial ammount.
For 5 years? 300x initial ammount. For an 350.000 USD account we are talking a final number of 1 billion. But there is only 2.000 billionaires in the World... and you are not one of them... why?




Why does the Age of the account matter? Most people ask for an account with at least 6-12 months old with a steady growth? WHY? if you can make like lets say a double of your account within couple of weeks or even less, and then withdraw, or evis en invest, and then the same thing every time.. what makes this strategy bad?

Arcferreira (Arcferreira)
Dec 18 2017 at 14:48
50 posts
MOAMER posted:
Arcferreira posted:
apple1st posted:
Forex can make you rich only if you stop hunting big profits and start to show +10% every month stable to your investors
everythingh is simple
Also need a time for trading + Software


Another fantastic software that will make you the richiest guy in the World.
Show me an account running at this pace (10% monthly) for at least 2 years. A fantastic return of 10x the initial ammount.
For 5 years? 300x initial ammount. For an 350.000 USD account we are talking a final number of 1 billion. But there is only 2.000 billionaires in the World... and you are not one of them... why?




Why does the Age of the account matter? Most people ask for an account with at least 6-12 months old with a steady growth? WHY? if you can make like lets say a double of your account within couple of weeks or even less, and then withdraw, or evis en invest, and then the same thing every time.. what makes this strategy bad?


Because this strategy can't be followed by others. Is like a bubble... you don't know when it will blow.

Trade safely... Remember, a high Drawdown means a high risk!
Higat
Dec 29 2017 at 13:24
20 posts
I apologize for my English. I write in Russian. Then machine translation from Russian into English.

The question of what can be achieved in forex is almost always discussed in petty aspects. It seems to me that the dear gentlemen do not want to see the root of the problem. I explain.
 Can you become an Olympic champion?
 You as a scientist made serious inventions or discoveries?
Maybe you came out victorious in a situation where victory was impossible in principle?
What facts from your biography tell you that you are a man of rare virtues?
If you have not been stubborn in the unequal struggle for victory, what gives you reason to hope for victory in the fight for money (forex)?

Прошу прощения за мой английский язык. Я пишу на русском. Потом машинный перевод с русского языка на английский язык.

Вопрос о том чего можно достигнуть на форексе почти всегда обсуждается в мелочных аспектах. Мне кажется, что уважаемые господа не хотят видеть корень проблемы. Поясняю.
 Вы можете стать олимпийским чемпионом?
 Вы как научный работник делали серьёзные изобретения или открытия?
Может быть, Вы вышли победителем в ситуации, где победа была невозможна в принципе?
Какие факты из Вашей биографии говорят Вам, что Вы человек редких достоинств?
Если Вы не были раньше упорным в неравной борьбе за победу, то что даёт основания Вам надеяться на победу в борьбе за деньги (форекс)?

johndoe2016
Dec 29 2017 at 14:03
58 posts
98% of forex traders lose money.

90+% systems work 1-2 years then blow up.

If there is a fx system that can generate 3-5% per month for more than 2 years I haven't found it yet.


BluePanther (BluePanther)
Dec 29 2017 at 14:28
1344 posts
johndoe2016 posted:
98% of forex traders lose money.

90+% systems work 1-2 years then blow up.

If there is a fx system that can generate 3-5% per month for more than 2 years I haven't found it yet.



I'm sorry... what? Give your account some time... maybe you have found it! 😉
Don't be so discouraged. Profit is easier than you think.


BluePanther (BluePanther)
Dec 31 2017 at 18:31
1344 posts
I'm sorry... what? Give your account some time... maybe you have found it! wink
Don't be so discouraged. Profit is easier than you think.



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