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Can forex trading make you rich ?

Jamesmaculm
May 02 at 09:32
16 posts
Forex trading can actually make you rich but it is not easy to do so. Traders need to work hard to consistently develop excellent trading skills and have in-depth knowledge about the forex market.
Mitchelsmith
May 02 at 09:33
21 posts
You can make as much money as you want. This is only possible to achieve if the trader has a well calculated trading plan consisting of trading strategy with an edge, risk management strategy, and entry and exit points are predetermined.
Peterhandcomp
May 05 at 07:39
22 posts
Yes, forex trading can make you rich. But unfortunately it is not guaranteed to make you rich. The reason is that trading the foreign exchange market has never been easy as it requires much more than just predicting the movement of a currency pair or price of a commodity. However, if you learn how to trade forex successfully and trade with money management rules, then yes, forex trading can make you rich.
Antonio_K
May 07 at 06:02
27 posts
Forex trading can provide you stability in term of making profit but you cannot expect to become rich right away.
Akasuki
May 07 at 06:56
602 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 :)

I am not searching here any shortcut way! Traders are mostly risk-intent. This is the reason that always keep them lag behind. So, traders should focus maximizing their skill so they can benefit from trading. Demo trading can help them in hitting their target. Besides all those, they should gather enough knacks over risk management policy.
Williamfreed
May 09 at 01:09
176 posts
Yes, if you are an expert in forex trading. Forex is not something that can be entered without a thorough understanding of how the market operates. Although one can gamble and get wealthy, one can also gamble and go completely bankrupt. The greatest approach to making money in forex trading is to have a complete understanding of the market.
Smith Brean (smithbrean)
May 10 at 09:54
1 posts
Yeah obviously, forex has the potential to make you quite wealthy. Many traders who have witnessed the lucrativeness of the forex market have left well-paying occupations to focus on this financial industry. You might get a high income from trading the forex market if you understand your demo thoroughly and develop your trading technique with respectable money and risk management.
ElliotEll
May 10 at 11:09
24 posts
Depends entirely on your skills and knowledge.
handong (handong)
May 10 at 11:12
2 posts
JinTinTrading
May 10 at 12:01
9 posts
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.
Suradi (FXOday)
May 10 at 23:00
398 posts
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
Chelsea Blacks (blackChelsea)
May 11 at 03:59
125 posts
Yes, it can! But make sure you know how to trade the markets.
miguelcaron
May 13 at 05:30
70 posts
If you have extraordinary trading skills, immense knowledge, experience, discipline, focused mindset, determination, and patience then definitely trading forex will make you rich.
shortant
May 16 at 05:23
73 posts
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.
Felolune (Felolune)
May 18 at 10:11
14 posts
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.
AbbasAliKhan08
May 18 at 10:47
62 posts
to be rich by Forex trading actually rarely found because only 2-3% TRADERS can do it.
vanessahemmings
May 18 at 13:41
4 posts
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
vanessahemmings
May 18 at 13:41
4 posts
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
Suradi (FXOday)
May 18 at 22:30
398 posts
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.
Tradelist45
May 19 at 07:25
283 posts
i have been passing a long time in Forex trading but still i am not rich. this is my story
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