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Can forex trading make you rich ?
Member Since Aug 21, 2018
11 posts
Aug 22, 2018 at 06:33
But where are these traders!!!!! Surely if FX is not a scam then there are hundreds of successful traders out there and it should be easy to get some good advice. But there are so many scams
Member Since Aug 06, 2018
8 posts
Aug 22, 2018 at 08:53
If you are smart enough and are the go-getter you can become rich doing anything why just forex trading? Ultimately it all boils down to your brain, aptitude, capabilties, skills, talent and knowledge. Mind you forex trading is not a guarantee of quick and easy profits. In fact it doesn't even work for a majority of people.
Member Since May 18, 2015
103 posts
Aug 22, 2018 at 08:54
Forex can make you rich for sure. Have a look at the latest account which I posted.
Compound interest is the key to all of this and the only way to master that is to have a system which has rules set into place that can never be broken. Get past that and you will be much more than just a blogger.
Compound interest is the key to all of this and the only way to master that is to have a system which has rules set into place that can never be broken. Get past that and you will be much more than just a blogger.
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My avatar explains "social trading" perfectly.
Member Since Aug 14, 2018
11 posts
Aug 23, 2018 at 06:18
I do not understand why you have shown the system above? it looks like you are using a high risk system which will eventually wipe out your account
Member Since Oct 28, 2015
52 posts
Aug 23, 2018 at 06:48
goyankees85 posted:why is the gain at -93%?
Forex can make you rich for sure. Have a look at the latest account which I posted.
Compound interest is the key to all of this and the only way to master that is to have a system which has rules set into place that can never be broken. Get past that and you will be much more than just a blogger.
Prayer is the True Power that controls the World.
Member Since Feb 22, 2011
4573 posts
Aug 23, 2018 at 10:55
Your trading can make rich a lot of people
Your broker
Your EA seller
Your courses seller
To make you rich you need a lot of effort which many people just cant do
Your broker
Your EA seller
Your courses seller
To make you rich you need a lot of effort which many people just cant do
Member Since May 18, 2015
103 posts
Aug 24, 2018 at 07:03
LeadPellet posted:
I do not understand why you have shown the system above? it looks like you are using a high risk system which will eventually wipe out your account
TO show that one can be very rich in forex in a very short amount of time. Is that what this thread is about?
My avatar explains "social trading" perfectly.
Member Since Apr 06, 2018
242 posts
Aug 24, 2018 at 07:41
goyankees85 posted:LeadPellet posted:
I do not understand why you have shown the system above? it looks like you are using a high risk system which will eventually wipe out your account
TO show that one can be very rich in forex in a very short amount of time. Is that what this thread is about?
This trading style will easily change you from riches to rags😀
The market will trade through it’s path of least resistance .
Member Since Aug 20, 2018
8 posts
Aug 26, 2018 at 06:13
looks like some kind of martingale system to me. that system only shows that even terrible systems can have good results sometimes
Member Since Aug 16, 2018
11 posts
Aug 27, 2018 at 14:22
Well I would say that those who are stabbed hard by the markets can make them rich. Passion speaks.
Member Since Mar 02, 2017
46 posts
Sep 05, 2018 at 10:37
Greed is a human behaviour.
Sometimes I remember Douglas Adams and the computer to answer about everything in Universe. After 7 billion years, the answer was 42!
The question here is something like that... CAN FOREX MAKE YOU RICH?
Other questions: CAN MUSIC, TENNIS, OR ANYTHING MAKE YOU RICH?
The answer is clear, yes...
But the road isn't simple, because there isn't shortcuts...
I did a good money as a doctor. It was hard... Forex can make a good money too...but the learning curve is hard too...
Sometimes I remember Douglas Adams and the computer to answer about everything in Universe. After 7 billion years, the answer was 42!
The question here is something like that... CAN FOREX MAKE YOU RICH?
Other questions: CAN MUSIC, TENNIS, OR ANYTHING MAKE YOU RICH?
The answer is clear, yes...
But the road isn't simple, because there isn't shortcuts...
I did a good money as a doctor. It was hard... Forex can make a good money too...but the learning curve is hard too...
Trade safely... Remember, a high Drawdown means a high risk!
Member Since Sep 10, 2018
8 posts
Sep 10, 2018 at 14:29
Is anyone on here actually rich from trading (and it not a scammer!!). Can you teach us how?
Member Since Mar 02, 2017
46 posts
Sep 11, 2018 at 14:50
Beethoven9 posted:
Is anyone on here actually rich from trading (and it not a scammer!!). Can you teach us how?
No. I didn't find anyone able to prove a reliable system. It is not difficult to double your money in 2-3 months using agressive trade.
The problem is sooner or later you will suffer a big loss. BLACK SWAN events are difficult to avoid... and your technical analysis go to hell. And your money either.
A 3-5% monthly is possible with 20-30% drawdown. It is 60% a year and after 10 years your money will grow 110x. Your 1.000 USD account will be 1.600 USD after 1 year and 110.000 USD.
BUT 3-5% monthly demands a lot of study.
I am able to achieve this after 3 years studying. It is enough to pay my vacations...
Trade safely... Remember, a high Drawdown means a high risk!
Member Since Mar 26, 2018
29 posts
Sep 16, 2018 at 06:19
If you have good experience in forex trading and knows all the forex trading tips and tricks and use all the tricks in forex trading then may be you rich
If you a begineer and plan to start forex trading, then before start trading read all forex trading tips and tricks
If you a begineer and plan to start forex trading, then before start trading read all forex trading tips and tricks
Sep 25, 2018 at 07:32
JamesAnderson posted:
If you have good experience in forex trading and knows all the forex trading tips and tricks and use all the tricks in forex trading then may be you rich
If you a begineer and plan to start forex trading, then before start trading read all forex trading tips and tricks
I think, only tips & tricks are not enough here! If you want to make money (consistently) then you have to learn Forex, otherwise; there is no way.
Member Since Feb 22, 2011
4573 posts
Sep 25, 2018 at 08:53
You need to excel in Forex to become rich.
On the other hand if you excel in tennis you can become rich as well.
On the other hand if you excel in tennis you can become rich as well.
Member Since Jan 25, 2010
1288 posts
Sep 25, 2018 at 08:54
LongVision posted:goyankees85 posted:LeadPellet posted:
I do not understand why you have shown the system above? it looks like you are using a high risk system which will eventually wipe out your account
TO show that one can be very rich in forex in a very short amount of time. Is that what this thread is about?
This trading style will easily change you from riches to rags😀
There is no gain without risk.
Higher gain = higher risk.
Nothing is guaranteed, but you can stack the odds in your favor by analysis and understanding of market dynamics.
"Out of the 241 trades, 16 of them were responsible for ALL of the profit. Most people in this world can't handle it. Yet, it is the only way I have ever seen anyone make money trading. Ever. I was on Wall Street for 23 years. All of the successful fund managers will have long losing streaks, sometimes lasting 6 months to a year. And then... boom! They let their winners run and they wipe out all of their losses. It is how trading works."
- Mark Shawzin (https://thepatterntrader.com)
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Member Since Jan 25, 2010
1288 posts
Sep 25, 2018 at 08:55
Emphasis on:
'Out of the 241 trades, 16 of them were responsible for ALL of the profit. Most people in this world can't handle it. Yet, it is the only way I have ever seen anyone make money trading. Ever. I was on Wall Street for 23 years. All of the successful fund managers will have long losing streaks, sometimes lasting 6 months to a year. And then... boom! They let their winners run and they wipe out all of their losses. It is how trading works.'
'Out of the 241 trades, 16 of them were responsible for ALL of the profit. Most people in this world can't handle it. Yet, it is the only way I have ever seen anyone make money trading. Ever. I was on Wall Street for 23 years. All of the successful fund managers will have long losing streaks, sometimes lasting 6 months to a year. And then... boom! They let their winners run and they wipe out all of their losses. It is how trading works.'
