Can forex trading make you rich ?

Aug 14, 2015 at 03:17
28,105 Views
771 Replies
Member Since Dec 15, 2019   20 posts
Apr 07, 2020 at 19:31
Money does not just come that easy. If you plan on getting rich throughforex then you are thinking wrong. To get to that level you ned money and I mean a lot of money. You can get a lot of money from forex if you do not already have a lot of money. There is still no guarantee because when you do not know how to trtade properly then you will lose it all.
Member Since Dec 18, 2019   14 posts
Apr 07, 2020 at 19:33
No it cannot make you rich. Forex is not a predictable kind of business. Trades will not always go the way you want them to. It is like a probability chart. The chances of successful trades depends on how well you are good at predction which apparently people are not so good at.
Member Since Nov 08, 2011   93 posts
Apr 07, 2020 at 21:44
Skilled forex traders, can get rich provided that have great discipline and firm risk management.

I said it once, and I will say it again. George Soros made a BILLION dollars in a single day. That trade wasn't his 1st rodeo. He knew how to trade forex market very well after years of doing it, and he had good knowledge of market fundamentals. Both are requirements in order to 'get rich' in forex I believe.

test the waters, before you dive in
Member Since Jan 25, 2010   1360 posts
Apr 08, 2020 at 00:01
Can forex trading make you rich ?

We are already rich, but the money has been stolen from us:
Member Since Dec 25, 2019   20 posts
May 06, 2020 at 16:50
Yes, theoretically it can, but it's unlikely. The thing is that there are a lot of traders now, but there are not many good ones. About 90% of traders do not know what a good trader knows and makes money on it. I would rather consider trading as a way of additional income, than as a main job and a way to get rich. Especially if you are not sure of your skills and knowledges...
Member Since Apr 02, 2020   3 posts
May 07, 2020 at 04:48
Разбогатеть на валютном рынке Forex, на мой взгляд, можно. Но для этого нужны условия. Для трейдера, я думаю, нужны такие условия:
- иметь хорошие навыки и опыт (от 5 лет) работы трейдером;
- иметь рабочую надёжную высокодоходную торговую стратегию;
- иметь железную волю, всегда выполнять правила торговли, не допускать грубых ошибок.
При наличии хорошей торговой стратегии и стартового депозита в 3-5 тысяч долларов успешный трейдер может сделать состояние за 3-5 лет (ИМХО).
Для инвестора надо найти трейдера, который обладает качествами, перечисленными выше. Всем больших профитов.
Member Since Apr 01, 2020   5 posts
May 07, 2020 at 05:39
Hello! Easy reach! If you have 40-50% of profitable trades. Read this book

'trading in zone' mark douglas
Go hard ;)
Member Since Apr 02, 2020   3 posts
May 07, 2020 at 08:35
Tovash posted:
Разбогатеть на валютном рынке Forex, на мой взгляд, можно. Но для этого нужны условия. Для трейдера, я думаю, нужны такие условия:
- иметь хорошие навыки и опыт (от 5 лет) работы трейдером;
- иметь рабочую надёжную высокодоходную торговую стратегию;
- иметь железную волю, всегда выполнять правила торговли, не допускать грубых ошибок.
При наличии хорошей торговой стратегии и стартового депозита в 3-5 тысяч долларов успешный трейдер может сделать состояние за 3-5 лет (ИМХО).
Для инвестора надо найти трейдера, который обладает качествами, перечисленными выше. Всем больших профитов.
Member Since Mar 03, 2020   12 posts
May 08, 2020 at 03:05
Maybe, but don't count on it. I can't name how many people went with that kind of mindset to the forex market and they lost everything because they didn't respect the game. They were trying to make their own rules because 'they know everything'. well guess what. they got humiliated. to trade forex you also need to keep your head down.
Member Since Mar 03, 2020   21 posts
May 08, 2020 at 03:44
No. not at any cost. It's a side job and to actually be rich you have to be sort of a genius or something. Well. That's my opinion.
Member Since May 06, 2020   7 posts
May 13, 2020 at 04:35
I feel like it highly depends on how much you know about trading and it can make you huge profits or losses at the same time as it is a 50-50 deal.So everyone should try their luck on forex trading as it might prove to be a good trade for you.
Member Since Aug 11, 2017   886 posts
May 13, 2020 at 09:23
the maximum result from Forex is not an easy task even though many of us try to make money easily . first of all you have to acquire most powerful analyzing trade knowledge which is the key to success in Forex. On the other hand despite of having most powerful analyzing trade knowledge it is not possible to achieve success without having a reliable support, because the broker can affects the result of our trading with certainly.
Member Since May 13, 2020   128 posts
May 13, 2020 at 12:09
It depends on how much you need for happiness, and everything is quite real.
Member Since May 13, 2020   3 posts
May 13, 2020 at 13:26

Of course it can!
We develop trading advisors that bring good profit. Look at the reports. https://www.myfxbook.com/members/grisly

if you have any questions I will be happy to answer
Member Since Feb 13, 2020   23 posts
May 13, 2020 at 15:36
Yeah, it can make you rich. But not fast. You should remember, that Forex is a long term game. You can earn a lot overnight - but it's unlikely. If you want to earn money - you should play it smart.
Member Since Apr 01, 2020   231 posts
May 15, 2020 at 01:30
It is definitely possible to become rich through currency trading. However, it cannot happen overnight. It can take years for a retail trader to grow a small trading account into a big one. And there is always a risk of losing it all.
Member Since Jun 22, 2020   4 posts
Jun 24, 2020 at 10:28
You can become rich but slowly and steadily. If you keep working on grasping more knowledge it will help you to make profitable trades. Practice as much as you can. Don’t fall into false hopes of only profits. You will make losses as well as profits. Keep on going to become a successful trader.
Member Since Jun 11, 2019   9 posts
Jun 24, 2020 at 11:06
To get rich quick in this world you either need to inherit, win or be given money. For the rest of use we need to focus on getting rich slow. Start a 10 year plan and aim to be 'wealthy' after those 10 years. Then start a new 10 year plan and aim to be rich. The more money you have the easier it is to accumulate more money.
Member Since Jul 20, 2020   232 posts
Aug 20, 2020 at 19:19
Yes, forex trading can make you rich. but you need to have proper knowledge about the market. Without knowledge, it is quite impossible to survive in this risky market.
Member Since Jul 19, 2020   318 posts
Nov 17, 2020 at 19:06
Forex is the most profitable income source if you have proper knowledge and skills about trading.
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