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Can forex trading make you rich ?
Mar 25, 2020 at 17:41
Member Since Mar 16, 2020
10 posts
Cizel89 posted:
I think profits depend on how we trade. Forex is not at all easy, no doubt the market definitely has a lot of opportunities for us, but how we tap them is what determines our earnings.
I completely agree. If you take anything seriously you will become a pro. The same is true in forex.
Matt (BluePanther)
Member Since Jan 25, 2010
1359 posts
Mar 26, 2020 at 16:37
Member Since Jan 25, 2010
1359 posts
kimdeep posted:
yes can its true forex make you rich
Brighthouse posted:
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
Yes, I got lucky after ten years (Sep-Oct 2018: $50,000 - $13million)
Now at 11.5 years I think I finally have it: 400% per month = $3million by August 2020?
'The AMOUNT of money you have does not matter; what matters is the SYSTEM you use. No AMOUNT of money can save you if you have a bad SYSTEM. Conversely, if you have a good SYSTEM you can start with a small AMOUNT and easily become rich.' (Matthew Todorovski)
THIS IS NOT DEMO

Member Since Mar 26, 2020
3 posts
Mar 27, 2020 at 12:40
Member Since Mar 26, 2020
3 posts
zackvz posted:FxMasterGuru posted:
@CrazyTrader
Why...? Because there is no such thing as successful retail trader... It is an oxymoron...
P.S. And by 'successful' I don't mean buying Ferraris, Lamborghinis and yachts from profits, but living off comfortably from Forex profits for at least a year or two...
Yes there is...I am one. I live comfortably from my FX gains and my account balance is definitely considered 'retail'.
If you really think its impossible to trade successfully as a retail trader, then you have already failed by listening to all the garbage on the internet - including listening to me right now :)
yes i agree with you on this one, there are some successful retail traders but people fail to realize that to be a successful trader you need to master a very good trading system. To be a good trader one must take his /her time to learn trading strategies that suits him/her as a trader.
Director of foreign currencies
Member Since Mar 26, 2020
3 posts
Mar 27, 2020 at 12:56
Member Since Mar 26, 2020
3 posts
To be a successful fx trader one must have a very good trading strategy, making money in forex is real but without a good trading system it is practically impossible to be among the very few traders that are making it on a daily bases.
Director of foreign currencies

JapaneseGroupFx
Member Since Feb 28, 2020
77 posts
Mar 27, 2020 at 13:31
Member Since Feb 28, 2020
77 posts
princeso2020 posted:And include some nice deposit, not trying to use cents to make millions
To be a successful fx trader one must have a very good trading strategy, making money in forex is real but without a good trading system it is practically impossible to be among the very few traders that are making it on a daily bases.
Mar 27, 2020 at 14:04
Member Since Jan 10, 2020
37 posts
What do you guys do in the forex market? Why are you writing it is impossible to make money on forex? If it is impossible to make money then why invest here? Forex is a high-risk market. Losses are inevitable. Believe me it is impossible to trade only in profit. But if you are calculating your management then losses can be reduced. For example I do not want to lose more than 5% of my balance on each transaction. So I am calculating the amount that I am ready to lose if the market goes against me. Of course there are force majeure events. But if I earn then my earnings may already vary in%. The main thing is to have time to close before the rollback.
And money management will help you from a psychological point of view. So you will be less nervous.
And money management will help you from a psychological point of view. So you will be less nervous.
Mar 27, 2020 at 14:27
Member Since Jan 10, 2020
37 posts
princeso2020 posted:
To be a successful fx trader one must have a very good trading strategy, making money in forex is real but without a good trading system it is practically impossible to be among the very few traders that are making it on a daily bases.
Yes it is. And moreover you must always improve the strategy. cause for my dissapointing one strategy can not brings profit all the time. at one moment it is just stop brings you money.
Mar 28, 2020 at 10:22
Member Since Mar 23, 2020
63 posts
princeso2020 posted:I totally agree with you. A good trading system is really important.
To be a successful fx trader one must have a very good trading strategy, making money in forex is real but without a good trading system it is practically impossible to be among the very few traders that are making it on a daily bases.
Member Since Mar 23, 2020
9 posts
Mar 30, 2020 at 12:30
Member Since Mar 23, 2020
9 posts
Steve75 posted:
Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury
Said like a true Forex trader. This is the truth for 99% of all traders. Better take your Forex trading cash and put it towards getting a new career
Mar 31, 2020 at 06:57
Member Since Mar 23, 2020
63 posts
Steve75 posted:Right, it is for sure a rocky path, nothing comes easy here, but losses.
Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury
Apr 04, 2020 at 16:52
Member Since Dec 28, 2019
18 posts
It could provide you with some nice income potentially and probably that's all, I am highly doubt you will get something reallly so high from it absolutely and possibly. So let's clear all the doubts on that matter anyway. There are people who are rich cause of trading, but not many.

JapaneseGroupFx
Member Since Feb 28, 2020
77 posts
Apr 04, 2020 at 18:13
Member Since Feb 28, 2020
77 posts
Thetafyn posted:Yes you can get something very high, I'm testimony to that
It could provide you with some nice income potentially and probably that's all, I am highly doubt you will get something reallly so high from it absolutely and possibly. So let's clear all the doubts on that matter anyway. There are people who are rich cause of trading, but not many.
Bung Tobing (bungtobing)
Member Since Apr 22, 2014
45 posts
Apr 06, 2020 at 11:47
Member Since Apr 02, 2020
39 posts
Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury

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