Can forex trading make you rich ?

Aug 14, 2015 at 03:17
26,070 Views
771 Replies
Member Since Dec 13, 2013   1 posts
Sep 29, 2015 at 06:03
William82 posted:
dannbb posted:
William82 posted:
I left my full time job a few year ago, all thanks to forex trading. ;)

i wish i can do that, but it is so boring staring at chart all the time

Not at all.
I am traveling almost all the time. It takes me only a few hours per day to check charts.
I can call myself as swing trader, and also i have invested money into a few stable EA systems, it brings me constant profit..

No secrets or miracles, just take a time to analyse or develop some trading system and start trading.

Best Regards,
William

Stabel EA systems? Someone knows some of them and woulgive me a hint?
PipsEaForex
forex_trader_277139
Member Since Sep 28, 2015   8 posts
Sep 29, 2015 at 06:04
yes can be rich... but need good system for this
Member Since Apr 18, 2017   38 posts
Jul 13, 2017 at 12:38
tranle447 posted:
That is a very interesting question .

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

Not yet, but I am hopeful about my success! The graph of my trading life is my main inspiration! Yes, when I started my trading then I didn’t know about anything on Forex! But, now I am making around 10% monthly return quite comfortably.
Member Since Feb 12, 2016   427 posts
Jul 14, 2017 at 07:27
Of course Forex trading can make you rich. No doubt. However - to achieve this you have to work hard, be patient and follow your plan. The other option is to be very very lucky in the right moment. But also - Forex can make you poor. Be careful and good luck!
Accept the loss as experience
Member Since Feb 12, 2016   522 posts
Jul 14, 2017 at 08:33
This is up to the trader :)
apple1st
forex_trader_275100
Member Since Sep 17, 2015   126 posts
Jul 18, 2017 at 06:33
I trade Forex 7 Years Experience. Many systems and devepol a lot software... only now i can say that forex is good money for me. I found my profit system started manage PAMM accounts. Just need to spend from 5 years and do not be angry
Member Since Dec 11, 2015   1487 posts
Jul 18, 2017 at 12:11
Personally, I don't think that Forex can make you rich, but I do believe it can be a good source of income if you take the time and expend the effort to learn.
Member Since Oct 08, 2016   58 posts
Jul 19, 2017 at 04:49
tranle447 posted:
That is a very interesting question .

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

You can increase your wealth and become richer through Forex trading and become a millionaire or even a billionaire, but if you are among those who want to turn a $500 or even a $5000 account into millions, then I have to tell you that you will have a hard time. I am not saying that it is impossible because anything is possible in this world. However, you have to be patient because it can’t be done overnight, or even in one year. So, have to keep patience.
To change your trading result, just change your thinking.
Member Since Feb 22, 2011   4862 posts
Jul 19, 2017 at 06:31
It cannot make YOU rich.
It could make rich someone with a lot of experience and a bit of luck
Member Since Mar 21, 2017   13 posts
Jul 19, 2017 at 06:46
Trend following on 15 min to an 1hr using multiple timeframes for research limit stop buys into uptrend few pips just above a previous high, very good money/risk management and youll do alright once you perfect it on a demo account do it on a micro account then if you succeed you could take out a personal loanbut like i said risk managment is extremely important
Member Since Feb 22, 2011   4862 posts
Jul 19, 2017 at 07:01
rainfall posted:
Trend following on 15 min to an 1hr using multiple timeframes for research limit stop buys into uptrend few pips just above a previous high, very good money/risk management and youll do alright once you perfect it on a demo account do it on a micro account then if you succeed you could take out a personal loanbut like i said risk managment is extremely important

That is exactly the post of someone who has no idea how to trade
Member Since May 11, 2011   235 posts
Jul 19, 2017 at 08:25
rainfall posted:
 take out a personal loan
???

No! never! Don't trade what you can't afford to lose, loans / credit are not affordable by definition. And there is no trend on 15M or 1H chart, just noise which gives togr's statement validity. You nailed money management though, so I'll give you that small victory. 😀
For every loss there should be at least an equal and opposite profit.
Member Since Feb 22, 2011   4862 posts
Jul 19, 2017 at 11:27
BulliCent posted:
William82 posted:
dannbb posted:
William82 posted:
I left my full time job a few year ago, all thanks to forex trading. ;)

i wish i can do that, but it is so boring staring at chart all the time

Not at all.
I am traveling almost all the time. It takes me only a few hours per day to check charts.
I can call myself as swing trader, and also i have invested money into a few stable EA systems, it brings me constant profit..

No secrets or miracles, just take a time to analyse or develop some trading system and start trading.

Best Regards,
William

Stabel EA systems? Someone knows some of them and woulgive me a hint?

I trade for living.
Since 2010.
Using mainly EAs to generate profit.
Member Since Mar 21, 2017   13 posts
Jul 19, 2017 at 14:18
Awww thats so cute im sure these people are right im sure they hold the holy grail of trading im sure they also gonna tell you sell high and buy low with a awesome bullshit indicator lol borrowing money for a business isnt that uncommon just look up a few other forums besides i did mention get good at it and test your strategy first lol,
Member Since Mar 21, 2017   13 posts
Jul 19, 2017 at 14:21
As far as what i know about trading im not so trading god and will never claim to be in fact im a newer trader ive done it for past 2-3 years one thing i can tell you i had lots of loosing trades and took loans out but i have never lost everything nor ever lost then 10% you and i have never lost more then 1% on any one given trade have to be able to walk away when you loose just my 2 cents and those who disagree well first amendment is still in place soo... lol enjoy the squak
Member Since Mar 21, 2017   13 posts
Jul 19, 2017 at 14:21
someone buy togrs ea indicator before his ego collapses under its own weight lol
Member Since Sep 12, 2015   1948 posts
Jul 19, 2017 at 15:52
xgavinc posted:
rainfall posted:
 take out a personal loan
???

No! never! Don't trade what you can't afford to lose, loans / credit are not affordable by definition. And there is no trend on 15M or 1H chart, just noise which gives togr's statement validity. You nailed money management though, so I'll give you that small victory. 😀

Smaller time frames are fine for entry points or scalping ,lots of futures traders use these time frames for scalping,1Hr time frame has been used by institutions for a long time especially near data releases and close of day, just my 2 cents.
"They mistook leverage with genius".
Member Since Feb 22, 2011   4862 posts
Jul 20, 2017 at 06:53
rainfall posted:
someone buy togrs ea indicator before his ego collapses under its own weight lol

I dont sell any
Member Since May 11, 2011   235 posts
Jul 20, 2017 at 12:27
snapdragon1970 posted:
xgavinc posted:
rainfall posted:
 take out a personal loan
???

No! never! Don't trade what you can't afford to lose, loans / credit are not affordable by definition. And there is no trend on 15M or 1H chart, just noise which gives togr's statement validity. You nailed money management though, so I'll give you that small victory. 😀

Smaller time frames are fine for entry points or scalping ,lots of futures traders use these time frames for scalping,1Hr time frame has been used by institutions for a long time especially near data releases and close of day, just my 2 cents.

Yes, I agree for entry. I was being specific on 'Trend following on 15 min to an 1hr', there is no trend under 1H or even 4H if you factor in news events. I also have my entries on 1H chart, I check trend on 1D, but my EA doesn't use a trending strategy anyway so it's actually pointless, I have a 'close all' EA on the 1D if a certain condition is met, but no opens.
For every loss there should be at least an equal and opposite profit.
Member Since Dec 14, 2016   10 posts
Jul 23, 2017 at 06:42
I would said someone should know the risk first before think about even trading. i mean you could lose every money that is put in your trading account, dont be overtaken by greed. be disciplined for what you do, trading is about skill to read price of currency and what influencing it.

Like me, i have been trading for 2 years, but for exact time, its not even reach 1 year in my trading experience in facing the chart, so maybe i dont smart, or just plain stupid. here i am with my money, there them who rich from selling people hope.😇
the champ is near, but what could it takes to be him/her? 😭
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