Can forex trading make you rich ?
Member Since Jan 25, 2010
1359 posts
Dec 18, 2018 at 07:45
Imamul posted:
Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.
Absolutely correct. You must have a regulated broker who 'plays BY the rules' and does not 'play WITH the rules'. They need to be transparent and honest.
Scam brokers will play games and you will certainly lose if you use one. Don't use bucket-shop brokers is essential first step!
Dec 24, 2018 at 07:36
BluePanther posted:Imamul posted:
Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.
Absolutely correct. You must have a regulated broker who 'plays BY the rules' and does not 'play WITH the rules'. They need to be transparent and honest.
Scam brokers will play games and you will certainly lose if you use one. Don't use bucket-shop brokers is essential first step!
No doubt, trading with a market maker broker is always painful; since they kill traders profit & capital. On the other hand, good brokers help the traders to make money in a friendly trading environment.
Member Since Jan 25, 2010
1359 posts
Dec 25, 2018 at 07:34
Astronautica posted:
Thank you for your explanation of fibs. I never use fibs before but like your analysis. I will go through charts today and try adding fibs on to see if I can do the same. well done
A good example of Fib analysis. Keep Fundamentals in mind too:
https://www.forexlive.com/technical-analysis/!/goldman-sachs-doesnt-see-much-support-in-oil-until-4547-20181126
Dec 25, 2018 at 13:26
BluePanther posted:Astronautica posted:
Thank you for your explanation of fibs. I never use fibs before but like your analysis. I will go through charts today and try adding fibs on to see if I can do the same. well done
A good example of Fib analysis. Keep Fundamentals in mind too:
https://www.forexlive.com/technical-analysis/!/goldman-sachs-doesnt-see-much-support-in-oil-until-4547-20181126
Mate, this link is not working for me! I can’t open think! Can you please check back?
Aug 15, 2019 at 17:08
Interest Ask ;)
I think it’s possible to make money, but only a few do it. You can count on one hand the number of successful brokers. The rest either do not want attention, or they simply do not exist.
I make money on Forex, but I am far from a dollar millionaire. If I become one, then I will write.
I think it’s possible to make money, but only a few do it. You can count on one hand the number of successful brokers. The rest either do not want attention, or they simply do not exist.
I make money on Forex, but I am far from a dollar millionaire. If I become one, then I will write.
forex_trader_392414
Member Since Jan 14, 2017
2 posts
Aug 18, 2019 at 22:30
Forex will not make you rich or poor, but your performance in it, if it can change your life
Member Since Aug 12, 2019
7 posts
Aug 19, 2019 at 12:07
Forex is more likely to ruin you financially than make you rich. But there is a chance that you can get rich from Forex. That is why we all keep going
Aug 21, 2019 at 03:51
Bastion posted:
Forex will not make you rich or poor, but your performance in it, if it can change your life
True. Not just forex but every trading avenue has the potential of making us rich with the potential risk. Wise trader manages the risk.
Aug 23, 2019 at 15:22
jakes90 posted:Bastion posted:
Forex will not make you rich or poor, but your performance in it, if it can change your life
True. Not just forex but every trading avenue has the potential of making us rich with the potential risk. Wise trader manages the risk.
No doubt on it! I think; anything more than 2% risk reward ratio would be very dangerous since, it’s decentralized market!
Aug 30, 2019 at 14:20
Yes I have seen according to my trading experience, in spite of a profitable trading policy scalping cannot use in a proper way due to many restrictions. So, we the traders who are particularly scalpers have to choose the broker that always ensures best trading environment for scalping by providing lowest trading spreads as well as minimum margin requirements.
Aug 30, 2019 at 16:43
Mohammadi posted:
Yes I have seen according to my trading experience, in spite of a profitable trading policy scalping cannot use in a proper way due to many restrictions. So, we the traders who are particularly scalpers have to choose the broker that always ensures best trading environment for scalping by providing lowest trading spreads as well as minimum margin requirements.
But I see; professional traders have a tend to make long term based trading! What do you think of?
Nov 28, 2019 at 10:38
The good thing about forex business is that its an international ground , and it depends how do you participate in it.It depends how you plan your trade and how you implement with patience and continueity once you learn the trade technical moves and risk management you will start earning and enjoy the financial freedom.
Revenue is vanity, profit is sanity, but cash is king
Mar 22, 2020 at 10:20
I am not sure cause I really don't know super rich people from Forex entirely but I really do know what is what absolutely on that topic anyway. I hope there is something better than that anyway. People get rich on stock investing entirely.
Member Since Mar 23, 2020
9 posts
Mar 23, 2020 at 11:37
livegood3 posted:
Ask George Soros if forex can make you rich, he made over a billion dollars in a day
He was a millionaire to start with and then got lucky shorting GBP. Statistically some millionaire out there will make it lucky and become billionaire. Most 'self made' billionaires are 10% skill and 90% luck. Sadly we are in a world where luck and inherited wealth cause massive income inequality
Member Since Feb 22, 2011
4862 posts
Mar 23, 2020 at 12:04
princesslint posted:livegood3 posted:
Ask George Soros if forex can make you rich, he made over a billion dollars in a day
He was a millionaire to start with and then got lucky shorting GBP. Statistically some millionaire out there will make it lucky and become billionaire. Most 'self made' billionaires are 10% skill and 90% luck. Sadly we are in a world where luck and inherited wealth cause massive income inequality
Yeah he made a big risk shorting GBP
He was indeed lucky and made a lot but he could made the same loss
Mar 23, 2020 at 18:12
princesslint posted:livegood3 posted:
Ask George Soros if forex can make you rich, he made over a billion dollars in a day
He was a millionaire to start with and then got lucky shorting GBP. Statistically some millionaire out there will make it lucky and become billionaire. Most 'self made' billionaires are 10% skill and 90% luck. Sadly we are in a world where luck and inherited wealth cause massive income inequality
He was a millionaire, yes...and I doubt that billion dollar winner was his 1st go around in the forex market. He knew fundamentals and the best way to capitalize on it...the forex market
test the waters, before you dive in
