Can forex trading make you rich ?

Aug 14, 2015 at 03:17
24,710 Views
771 Replies
Member Since Feb 07, 2022   24 posts
May 10, 2022 at 11:09
Depends entirely on your skills and knowledge.
Member Since May 10, 2020   2 posts
May 10, 2022 at 11:12
可以
Member Since May 10, 2022   9 posts
May 10, 2022 at 12:01
If I look at real-life examples, yes, forex trading can make you rich. But, do keep in mind that it's not an easy job to do.
Member Since Apr 03, 2021   470 posts
May 10, 2022 at 23:00
Eventually depending on each trader or manager fund skill and experience, forex trading can make many people become rich, but forex also can make any people become poor, there are hidden story certain trader want to suicide because get bankruptcy
Member Since Jan 22, 2021   125 posts
May 11, 2022 at 03:59
Yes, it can! But make sure you know how to trade the markets.
Member Since Oct 29, 2021   70 posts
May 13, 2022 at 05:30
If you have extraordinary trading skills, immense knowledge, experience, discipline, focused mindset, determination, and patience then definitely trading forex will make you rich.
Member Since Nov 02, 2021   73 posts
May 16, 2022 at 05:23
The answer can be both a yes and a no, depending on how you trade. If you are someone who trades with a good trading capital - around $10,000 or more, carefully analyses the news, charts and current happenings to set the trading strategy, has good savings, and uses leverage wisely, you will definitely build up your wealth by forex trading consistently in the long run.
Member Since Apr 25, 2019   14 posts
May 18, 2022 at 10:11
yeah, it really can make you rich, but it fully lies on your shoulders, you know... sometimes traders have a fake belief that trading is all about free and esy money. nah, it's nbot like that at all. trading is more about your personal efforts, knowledge and skills. if you will be able to understand the mechanics of trading, learn a lot and practice a lot you can potentially become rich due to trading, but rememebr that you have to overpass a looooong way.
this always makes traders being afraid of losses and fails. nothing terrible as to me. just do your business and never pay attention to difficulties.
delesh4889@
Member Since May 18, 2022   4 posts
May 18, 2022 at 13:41 (edited May 18, 2022 at 13:42)
AbbasAliKhan08 posted:
to be rich by Forex trading actually rarely found because only 2-3% TRADERS can do it.
forex can make you rich, but its very very difficult
Member Since May 18, 2022   4 posts
May 18, 2022 at 13:41
Felolune posted:
yeah, it really can make you rich, but it fully lies on your shoulders, you know... sometimes traders have a fake belief that trading is all about free and esy money. nah, it's nbot like that at all. trading is more about your personal efforts, knowledge and skills. if you will be able to understand the mechanics of trading, learn a lot and practice a lot you can potentially become rich due to trading, but rememebr that you have to overpass a looooong way.
this always makes traders being afraid of losses and fails. nothing terrible as to me. just do your business and never pay attention to difficulties.
I definitely agree with you
Member Since Apr 03, 2021   470 posts
May 18, 2022 at 22:30
All businesses can make people become rich, become retailer goods, buying and selling properties, selling ice cream, chicken fried, etc, all depending on how to manage the business, in the forex world, there are a million traders around the world, but not all of them get success, even more, many of them get in failure, each trader has own success story and fail story in their experience.
Member Since Jun 26, 2020   327 posts
May 19, 2022 at 07:25
i have been passing a long time in Forex trading but still i am not rich. this is my story
Member Since Jun 19, 2021   49 posts
May 19, 2022 at 21:24
tranle447 posted:
That is a very interesting question .

https://www.investopedia.com/articles/forex/073115/can-forex-trading-make-you-rich.asp

I am now on my way to getting rich with it. But I must trade all pairs at once. I now have a refined strategy where I can win 85% of the time. I just passed $700k in profits.
*I kill pips for fun.*
Member Since May 13, 2022   23 posts
May 23, 2022 at 11:25
Forex trading has the potential to make you rich, but it is not easy. Traders must put in a lot of effort to consistently improve their trading skills and gain a thorough understanding of the forex market.
Member Since Apr 14, 2022   24 posts
May 24, 2022 at 06:15
It’s difficult to say if forex will make anyone rich. If you have a good strategy and use leverage properly, you can significantly increase your profits.
Member Since Mar 23, 2022   26 posts
May 24, 2022 at 06:47
The answer to this question will vary from trader to trader. Not every trader understands the market correctly and is capable of making money. This is because not every trader is ready to learn and keep patience to see their strategies work.
Member Since May 13, 2022   34 posts
May 25, 2022 at 06:48
Forex can make you rich if you follow the rules, stick to the plan, and stay consistent.
Member Since May 13, 2022   22 posts
May 25, 2022 at 07:24
It can make you rich or bankrupt. Traders with the mindset of becoming rich won't, but those who accept that they probably won't and aim for a steady return, even if it's a few percent a year, will succeed in profitability and have a chance at becoming rich.
Member Since May 18, 2022   24 posts
May 26, 2022 at 07:34
If doing forex trading was enough for anyone to become rich, there would not have been any losing traders. And when there would not have been any losing traders, there would not have been any forex market.
Member Since May 18, 2022   16 posts
Jun 06, 2022 at 11:13
It can but there is no particular time that can be mentioned. Moreover, there is also no guarantee that you will be able to become rich in forex trading. Forex trading works differently for all traders. You better be prepared for the results in accordance with your skills and experience.
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