Can forex trading make you rich ?
Členem od Apr 14, 2022
16 příspěvků
Apr 29, 2022 at 09:37
That's the best part about Forex trading, it can make you extremely wealthy in 4-5 years or less, and it can also make you bankrupt in less than 24 hours. I believe that people who have the attitude of getting wealthy will never do so, but those who accept that they will most likely not do so and strive for a consistent return, even if it is only a few percent per year, will succeed in profitability and have a chance of being wealthy.
Členem od Oct 27, 2020
16 příspěvků
May 02, 2022 at 09:32
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.
Členem od Oct 29, 2020
21 příspěvků
May 02, 2022 at 09:33
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.
Členem od Oct 29, 2020
22 příspěvků
May 05, 2022 at 07:39
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.
Členem od Mar 28, 2021
617 příspěvků
May 07, 2022 at 06:56
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.
Členem od Aug 10, 2021
176 příspěvků
May 09, 2022 at 01:09
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)
Členem od Jun 07, 2021
1 příspěvků
May 10, 2022 at 09:54
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.
Členem od Feb 07, 2022
24 příspěvků
May 10, 2022 at 11:09
Depends entirely on your skills and knowledge.
handong (handong)
Členem od May 10, 2020
2 příspěvků
May 10, 2022 at 11:12
可以
Členem od May 10, 2022
9 příspěvků
May 10, 2022 at 12:01
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)
Členem od Apr 03, 2021
470 příspěvků
May 10, 2022 at 23:00
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)
Členem od Jan 22, 2021
125 příspěvků
May 11, 2022 at 03:59
Yes, it can! But make sure you know how to trade the markets.
Členem od Oct 29, 2021
70 příspěvků
May 13, 2022 at 05:30
If you have extraordinary trading skills, immense knowledge, experience, discipline, focused mindset, determination, and patience then definitely trading forex will make you rich.
Členem od Nov 02, 2021
73 příspěvků
May 16, 2022 at 05:23
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)
Členem od Apr 25, 2019
14 příspěvků
May 18, 2022 at 10:11
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.
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.
delesh4889@
Členem od May 18, 2022
4 příspěvků
May 18, 2022 at 13:41
(Upravené May 18, 2022 at 13:42)
AbbasAliKhan08 posted:forex can make you rich, but its very very difficult
to be rich by Forex trading actually rarely found because only 2-3% TRADERS can do it.
Členem od May 18, 2022
4 příspěvků
May 18, 2022 at 13:41
Felolune posted:I definitely agree with you
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.
Suradi (FXOday)
Členem od Apr 03, 2021
470 příspěvků
May 18, 2022 at 22:30
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.
Členem od Jun 26, 2020
327 příspěvků
May 19, 2022 at 07:25
i have been passing a long time in Forex trading but still i am not rich. this is my story
Aaron Countee (FaintToasted)
Členem od Jun 19, 2021
49 příspěvků
May 19, 2022 at 21:24
tranle447 posted:
That is a very interesting question .
https://www.investopedia.com/articles/forex/073115/can-forex-trading-make-you-rich.asp
I am now on my way to getting rich with it. But I must trade all pairs at once. I now have a refined strategy where I can win 85% of the time. I just passed $700k in profits.
*I kill pips for fun.*
