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Can forex trading make you rich ?
Mitglied seit Aug 17, 2022
79 Posts
Sep 06, 2022 at 11:31
We should always know the fact that the foreign market is the largest and most liquid market in the world, but trading currencies is very different from trading stocks or commodities so to get rich while trading in forex one should take baby steps of learning and should set one goal in order to accomplish it, becoming rich would then come as gift. Chase the learning and work on outcomes.
Mitglied seit Aug 17, 2022
38 Posts
Sep 08, 2022 at 07:04
Yes, the forex market is so volatile that it gives you a fair chance to use your sharp analytical skills in your favour to earn big and become rich.
Mitglied seit Sep 06, 2022
26 Posts
Sep 22, 2022 at 07:25
Forex trading can make you rich, but it won't happen overnight. You must understand how the market works, have some discipline, and be willing to put in the hours to learn. Forex trading is an easy business, but it is also an extremely competitive field. If you don't have the money to start out with or the skills necessary to compete with the big, then it may not be worth your time.
Mitglied seit Aug 05, 2021
394 Posts
Sep 22, 2022 at 16:25
I've always heard that wealthy people have income from multiple sources. I would start by trying to make money in forex, then use some of that money on business ventures or investments, like real estate or whatever interests you. In that sense, forex is like a stepping stone and one of your sources of income, but you can increase your potential to make life changing amounts of money if you use your profits wisely.
Mitglied seit Jul 23, 2020
816 Posts
Nov 27, 2022 at 18:35
Maintain flexibility in using leverage because the market doesn’t always offer good trading environment.
Nov 27, 2022 at 22:37
All business has the potential to give rich depending on the individual skills. In forex trading, we have the same opportunities to become successful traders, but each trader is limited by skills, not all traders will become rich from forex because various factors including a number of capital and skills..
Mitglied seit Jul 23, 2020
816 Posts
Dec 11, 2022 at 14:34
Only learned traders should try live trading because verdant traders are not that much successful from forex trading.
Dec 15, 2022 at 06:05
LyudmilLukanov posted:
Only learned traders should try live trading because verdant traders are not that much successful from forex trading.
Beginner traders should give themselves some more time to learn and get familiar with the nature of the market. Smart traders are made, not born.
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