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Can forex trading make you rich ?
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togr

Member Since Feb 22, 2011  3398 posts vontogr (togr) Sep 11 2015 at 12:58
Zectang posted:
Lagurteng posted:
I'd like to leave my own opinion. I believe that it actually can make you rich, but before you come to it, you will have to suffer losses during considerable period of time. it's a long way of learning, trying, and studying from losses. Correct me if I'm wrong, but I see it this way.



Yes, it's really so. I'd also like to highlight the fact that on forex, as well as on any other job, you will not get rich in several days. You have to gain experience and realize what it takes to full extent first.


Exactly:)

I like what I trade, I trade what I like
TedWaller

Member Since Feb 02, 2015  4 posts Ted Waller (TedWaller) Sep 11 2015 at 13:02
With a good system/strategy... great balanced risk ratio... and human control with no rules break... yes you can do it.

ted@
togr

Member Since Feb 22, 2011  3398 posts vontogr (togr) Sep 11 2015 at 13:18
TedWaller posted:
With a good system/strategy... great balanced risk ratio... and human control with no rules break... yes you can do it.


Thats not enough you need good risk management system as well.

I like what I trade, I trade what I like
FXtrader2010

Member Since May 20, 2011  721 posts FXtrader2010 Sep 11 2015 at 15:23
You can get rich doing a lot of things. Investing is one of them.

meszarosg

Member Since Mar 19, 2015  3 posts meszarosg Sep 13 2015 at 05:53
I am sure you all heard about George Soros who made his luck with trading currencies. So the answer is yes, you can be one of the richest persons in the world by trading forex.

TedWaller

Member Since Feb 02, 2015  4 posts Ted Waller (TedWaller) Sep 13 2015 at 05:54
'Great balanced risk ratio' includes a risk management study to define trading rules... really its an 'all in one' where each study aspect is necessary to be constant.

(Sorry if i dont explain correctly the ideas... my english is limited).
Ted.

ted@
rob559

Member Since Feb 11, 2011  1916 posts rob559 Sep 13 2015 at 05:54
some that get it can make decent money

one day at a time
Goldinho

Member Since Sep 11, 2015  8 posts Agostino (Goldinho) Sep 13 2015 at 05:54
Actually, why not? In case you have already been in forex for a couple of years and you understand strict realities, then you might realize that in some more years you can become rich.

P.S.
marketshark382

Member Since Jun 05, 2014  35 posts Forex Leopard (marketshark382) Sep 13 2015 at 05:54
yes, but not overnight.

It's all in the mindset.
CrazyTrader

Member Since Nov 21, 2011  1693 posts CrazyTrader (CrazyTrader) Sep 19 2015 at 18:39 (edited Sep 19 2015 at 18:40 )
CrazyTrader posted:
@FxMasterGuru
Yes you are right... Always the same story.

Let me build my army... you will see my point later.


I'm ready to try to acheive the topic.
I have created 4 new accounts of $150 each from the first account.
Now I can start to compound profits on each account as my fx Army is built (I had to create 10 like this... but it's too long)
.... to be continued

https://www.forexfactory.com/pipsfestival

You love my free signals... Like me on fb : )
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.