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Can forex trading make you rich ?

Aaron Countee (FaintToasted)
May 19 2022 at 21:24
49 příspěvků
tranle447 posted:
That is a very interesting question .

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.
May 20 2022 at 04:47
29 příspěvků
Yes, one can certainly build a fortune by trading forex! But whether it can make you rich or not depends on a lot of factors. The primary one is your trading knowledge. Moreover, it is very difficult to be consistent in trading. If you can keep the two aligned, then you can have a bright future ahead waiting for you.
May 23 2022 at 11:25
23 příspěvků
Forex trading has the potential to make you rich, but it is not easy. Traders must put in a lot of effort to consistently improve their trading skills and gain a thorough understanding of the forex market.
May 24 2022 at 06:15
24 příspěvků
It’s difficult to say if forex will make anyone rich. If you have a good strategy and use leverage properly, you can significantly increase your profits.
May 24 2022 at 06:47
26 příspěvků
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.
May 24 2022 at 07:04
26 příspěvků
It can, but it won't be overnight, and you need to learn a lot of things before you can begin to expect getting rich; such as how to turn over a profit, how to ensure that you don't make heavy losses, that your money isn't going to waste, that you aren't being too emotional with your trades, etc.
May 25 2022 at 06:48
34 příspěvků
Forex can make you rich if you follow the rules, stick to the plan, and stay consistent.
May 25 2022 at 07:24
22 příspěvků
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.
May 26 2022 at 07:34
24 příspěvků
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.
Jun 06 2022 at 11:13
16 příspěvků
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.
Jun 06 2022 at 11:17
9 příspěvků
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
Jun 16 2022 at 07:33
46 příspěvků
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.
Jun 17 2022 at 09:44
32 příspěvků
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.
Jul 04 2022 at 04:08
40 příspěvků
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.
Jul 28 2022 at 07:29
21 příspěvků
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.
Jul 28 2022 at 12:05
74 příspěvků
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.
Aug 01 2022 at 09:20
24 příspěvků
It can but you can never be sure about how long it will take for you to get rich. It would be wrong to keep expecting to make gains all the time. Focus on the process and you will be good with your results automatically.
Aug 01 2022 at 09:54
21 příspěvků
If you are asking about a real way that can make you rich, then I don’t think I can help you with that. Forex trading is a risky venture and not all the traders are able to do well in the market. Most of them just come to the market to lose money. Your efforts determine the direction of your trades.
Julia (JuliaEvans)
Aug 01 2022 at 10:04
24 příspěvků
Thanks for your question! I was also interested in this topic. It was interesting to read the answers and different opinions on this matter!
Aug 01 2022 at 11:50
14 příspěvků
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.
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