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Can forex trading make you rich ?

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.
Member Since Jun 06, 2022   9 posts
Jun 06, 2022 at 11:17
Forex can make you rich but not for most people. For most people it is better to invest in a savings account or maybe stocks. FX is difficult and most fail
Member Since Dec 14, 2021   46 posts
Jun 16, 2022 at 07:33
I don’t think forex trading must be blamed for your losses when you can’t appreciate it for your profits. It’s always your skills that result in your profits and losses.
Member Since Jun 02, 2022   32 posts
Jun 17, 2022 at 09:44
Forex is a highly volatile market and one should understand the risks and rewards before entering the market.
The forex market makes the traders who are able to survive the market and financially disturb the trader who is not.
Member Since Jan 10, 2022   40 posts
Jul 04, 2022 at 04:08
Rich has a different definition for everybody! If you wish to become a millionaire, then yes forex, if done with right strategy and planning, can help you become that. But be ready to give in the hard work. It’s not a day’s task! You should honestly commit to it to see the results.
Member Since Jun 28, 2022   21 posts
Jul 28, 2022 at 07:29
yes it can make you rich but you have to learn and see your limits as to when to stop and come out from the trading. Do not be greedy. Make your own strategy and you are good to go. Frame reframe your strategies and slowly and gradually you will yourself understand how to be more productive in this.
Member Since Aug 19, 2021   199 posts
Jul 28, 2022 at 12:05
Oh of course each trader may be rich. The whole secret is that you have good capital from the very beginning. And also the brain, so as not to lose this capital. 😄😄😄
Do not forget that it is important to have a well-practiced trading strategy. Moreover, it is even necessary to constantly improve it. And also quickly react if the strategy starts to fail and you lose.
Member Since Jul 06, 2022   24 posts
Aug 01, 2022 at 10:04
Thanks for your question! I was also interested in this topic. It was interesting to read the answers and different opinions on this matter!
Member Since May 02, 2022   26 posts
Aug 01, 2022 at 11:50
Yes, Forex can make you rich. It is challenging but not impossible. It mainly depends on how well you trade, your experience, forex knowledge, strategies, risk management, persistence, alertness, etc.
Member Since Jul 19, 2022   22 posts
Aug 02, 2022 at 10:52
There is no guarantee of a trader getting rich with forex trading. It’s in his hands how he performs to take advantage of the forex market. Sometimes, strategies would work and sometimes they would fail. It’s you who has to keep working and finding ways of staying in the market for the longest time.
Member Since Jul 26, 2022   49 posts
Aug 04, 2022 at 07:30
Yes, forex trading can make you rich but you need to have proper knowledge about the trading strategies. Plus you should be consistent in your trading journey.
Member Since Jun 16, 2021   111 posts
Aug 05, 2022 at 07:00
Yes, if you have a good understanding of the market and forex trading, you can make a lot of money. Forex trading is undeniably profitable, and you can make a lot of money based on your knowledge and expertise.
Member Since Aug 06, 2022   17 posts
Aug 06, 2022 at 08:17
Yes, if you place winning trades.
Member Since Sep 20, 2019   28 posts
Aug 17, 2022 at 19:59
I think any business that brings in money can make you rich.
It all depends on two things:
1. How much at most it can bring in;
2. What level of expertise you have.
As far as we know, Forex market has no limit on profits. It all depends on the volatility of the market, the size of the deposit and your trading strategy. So if you want to make a million, it is possible.
What about expertise... This is an important thing.
You have to understand 100% of the market, have several profitable trading strategies, and be a true professional.
In this case success is guaranteed!
So. Forex market can really make you rich.
Not many traders can do it.
Member Since Apr 03, 2021   470 posts
Aug 17, 2022 at 23:52
Just works like another business, there are people get success and become rich, there are people get fail and maybe losing money, included forex business, some people maybe get rich from forex industry, but some other people maybe get fail and losing money in trading, it will depends on our capability and destiny
Member Since Aug 17, 2022   80 posts
Aug 18, 2022 at 04:45
If you are an exceptionally good Forex trader, this could make you wealthy. But one should know when to enter and exit the market.
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