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Can forex trading make you rich ?

benjamin6109
Jan 01 2018 at 08:42
2 posts
BluePanther posted:
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.




What percentage do you risk per trade?

RudolfSAnt
Jan 03 2018 at 07:48
12 posts
If you have enough knowledge and experience in trading everything is possible. The main thing is not to forget about the golden rule of Bear Grylls.

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Higat
Jan 03 2018 at 08:12
20 posts
benjamin6109 posted:
BluePanther posted:
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.



What percentage do you risk per trade?


Excuse me for my bad english.
I'm ready to risk about 50%. ' My forecast is perfectly visible in the screenshot.
Do you agree with my opinion? Do you think that I take a lot of risk?



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Ciprian_Moraru (Ciprian_Moraru)
Jan 03 2018 at 13:21
2 posts
Hi

I would advise you never to expose more than 10% of balance for margin (this is how you can determine the trading volumes) and 5% of the balance for risk, with a risk-reward ratio of at least 1:1.5. A set of rules should be a basic condition for you as a trader. After this look at the chart, draw some trend channels, some levels, resistance and support trend lines, use an indicator to look for divergences, etc. If all conditions are met, then and only then take the trade; otherwise don't. The market will be here tomorrow too, and the day after, also next week, next year, next decade and so on. ;)

BluePanther (BluePanther)
Jan 03 2018 at 13:25
1347 posts
Ciprian_Moraru posted:
Hi

I would advise you never to expose more than 10% of balance for margin (this is how you can determine the trading volumes) and 5% of the balance for risk, with a risk-reward ratio of at least 1:1.5. A set of rules should be a basic condition for you as a trader. After this look at the chart, draw some trend channels, some levels, resistance and support trend lines, use an indicator to look for divergences, etc. If all conditions are met, then and only then take the trade; otherwise don't. The market will be here tomorrow too, and the day after, also next week, next year, next decade and so on. ;)


Market may be here next decade, but many folks want to be rich tomorrow. 😉

benjamin6109
Jan 04 2018 at 07:27
2 posts
Higat posted:
benjamin6109 posted:
BluePanther posted:
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.



What percentage do you risk per trade?


Excuse me for my bad english.
I'm ready to risk about 50%. ' My forecast is perfectly visible in the screenshot.
Do you agree with my opinion? Do you think that I take a lot of risk?



So you lose two trades in a row and you're out of the game?
Cant judge your strategy because i don't know it at all, but your risk/money management seems just crazy

TrumpsForexHack
Jan 04 2018 at 07:31
30 posts
I recently withdrew 89k usd over the last two months but only because of one small change to my tradi ng. What was the change? Simply me telling myself ' Stick to your system'. Clearly if I do that then I am one of the best scalpers on the net but sef defeating actions will hurt you eventually. Clearly one has to have a good system but taking trades against your system will stunt your g rowth as a trader especially with being able to make modifications to your system to avoid future loses.

Skater
Jan 04 2018 at 07:35
12 posts
FX can make you rich tomorrow but you'd need to take on HUGE risk. Which is more like gambling

Novar (Novar)
Jan 04 2018 at 07:51
63 posts
Can forex trading make you rich ?

When you see how many peapole loose in Forex you can easy understand that few peapole are very rich with forex , but they are not on MT4 who is a real scam build

Forex it's not a game

If you want to be rich stop to play and trade for real on real platform, with real broker ( for real platform you need to pay it, like trade station) the rest is gambling for brokers market makers be rich

Good luck

Higat
Jan 04 2018 at 08:02
20 posts
Ciprian_Moraru posted:
Hi

I would advise you never to expose more than 10% of balance for margin (this is how you can determine the trading volumes) and 5% of the balance for risk, with a risk-reward ratio of at least 1:1.5. A set of rules should be a basic condition for you as a trader. After this look at the chart, draw some trend channels, some levels, resistance and support trend lines, use an indicator to look for divergences, etc. If all conditions are met, then and only then take the trade; otherwise don't. The market will be here tomorrow too, and the day after, also next week, next year, next decade and so on. ;)


I apologize for my English.
Hello!
'The market will be here tomorrow too, and the day after, also next week, next year, next decade and so on. ;) '
Your statement is absolutely true. There is no reason to argue about this!
But there is another part of the problem. It is clearly stated in the direction of the discussion.
Can forex trading make you rich?
And it seems to me that it is desirable to get rich not in the next decade, but in the near future.
Who will argue with me about this !?

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