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Can forex trading make you rich ?

ADerangedBanker
May 21 2018 at 07:11
2 posts
emily_smith
May 25 2018 at 12:59
22 posts
Yes, i have seen few people around me who have made millions from the Forex market. Even people left their full time job for the Forex trading.

Mohammadi
May 26 2018 at 10:41
886 posts
I always consider Forex as like an ocean , I don’t think so any courses can make anyone knowledgeable, it’s my own experience. I have passed so many times in pips school courses and others but honestly speaking acquired not enough something. Any courses can be valueless paid or free until ensure a regular practice session in demo or micro. It’s a real Forex courses.

Loic Hellard
challenger
May 27 2018 at 06:10
129 posts
Yes, if :

+ Thirsty to learn.
+ Trading is something beyond BUY/SELL for you.
+ You have an idea what you want and you have a specific target for your trading.
+ Acceptable Risk/reward plan, how much you risk to earn how much profit.
+ Patient in trading.
+ You are not greedy.
+ You are regular.


vontogr (togr)
May 27 2018 at 06:10
4862 posts
emily_smith posted:
Yes, i have seen few people around me who have made millions from the Forex market. Even people left their full time job for the Forex trading.


Yeah it does happen:)

christoffer (29gk3l)
May 27 2018 at 06:22
8 posts
no... anything you do well will make you rich.. football, basketball, games... coding...

Adribaasmet
May 27 2018 at 07:08
951 posts
Mohammadi posted:
I always consider Forex as like an ocean , I don’t think so any courses can make anyone knowledgeable, it’s my own experience. I have passed so many times in pips school courses and others but honestly speaking acquired not enough something. Any courses can be valueless paid or free until ensure a regular practice session in demo or micro. It’s a real Forex courses.


I agree with your opinion, we have to spend enough sessions on the trading chart. I see, few traders are till successful although they are using very simple trading systems like EMA crossover. So, practice makes perfect.

Matt (BluePanther)
May 27 2018 at 21:44
1354 posts
Trading is a game of probability: simply stack the odds in your favor...
+ have patience
+ have consistency
+ take acceptable risk


oliviapeters
Jun 06 2018 at 06:55
12 posts
Yes and no. It will depend on how well you trade, your experience, forex knowledge, strategies, risk appetite, persistence, alertness, etc.

Matt (BluePanther)
Jun 06 2018 at 07:35
1354 posts
oliviapeters posted:
Yes and no. It will depend on how well you trade, your experience, forex knowledge, strategies, risk appetite, persistence, alertness, etc.


Manual trading would require all those elements.

Automatic trading eliminates:
> 'how well you trade'
> 'your experience'
> 'forex knowledge'
> 'strategy'
> 'persistence'
> 'alertness'
> 'etc.'

Get the right system working on auto-pilot and you don't need all those things.
'Risk appetite' would still apply though.

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