To use chat, please login.
Back to contacts

Can forex trading make you rich ?

BulliCent
Sep 29 2015 at 06:03
1 posts
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?

Pips EA Forex
PipsEaForex
Sep 29 2015 at 06:04
8 posts
yes can be rich... but need good system for this

ChenLipKeong
Jul 13 2017 at 12:38
38 posts
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.

Tiffany (TiffanyK)
Jul 14 2017 at 07:27
427 posts
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
Baldo (BaldoN)
Jul 14 2017 at 08:33
522 posts
This is up to the trader :)

FXPIP ONE
apple1st
Jul 18 2017 at 06:33
126 posts
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

mlawson71
Jul 18 2017 at 12:11
1487 posts
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.

SaltyWaters
Jul 18 2017 at 19:34
247 posts
Anything on this planet can make you rich if you know how to use your head.

PriceAction13
Jul 19 2017 at 04:49
58 posts
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.
vontogr (togr)
Jul 19 2017 at 06:31
4862 posts
It cannot make YOU rich.
It could make rich someone with a lot of experience and a bit of luck

rainfall
Jul 19 2017 at 06:46
13 posts
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

vontogr (togr)
Jul 19 2017 at 07:01
4862 posts
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

xgavinc
Jul 19 2017 at 08:25
235 posts
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.
vontogr (togr)
Jul 19 2017 at 11:27
4862 posts
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.

rainfall
Jul 19 2017 at 14:18
13 posts
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,

rainfall
Jul 19 2017 at 14:21
13 posts
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

rainfall
Jul 19 2017 at 14:21
13 posts
someone buy togrs ea indicator before his ego collapses under its own weight lol

kieran (snapdragon1970)
Jul 19 2017 at 15:52
1945 posts
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".
vontogr (togr)
Jul 20 2017 at 06:53
4862 posts
rainfall posted:
someone buy togrs ea indicator before his ego collapses under its own weight lol


I dont sell any

xgavinc
Jul 20 2017 at 12:27
235 posts
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.
Please login to comment .