Can forex trading make you rich ?

For this question, I have an opinion:

Forex is an investment... not a get rich scheme.

People must understand that someone can get rich in Forex the same way someone can get rich in Las Vegas. I did that when I started in Forex... I transformed 7.500 in 60.000 in a couple of months... but I lost 20.000 in Brexit!!! I stopped trading and I started to study before trading again...

A lot of people did a fortune in BREXIT, the same way a lot of people are doing fortune with cryptomoney... mostly lucky!

I trade Forex to get something better than the 10%/year. After 2 years studying, I can say 30%/year is not a fantasy.... I used some PAMM accounts that gave me this return. Give a look in Darwinex.com

Today I am able to achieve 3% monthly... some months 6%, others zero or negative... but after 1 year, 30% is not a impossible task for mortals like you and me...

Yes, 90% of Forex traders fail... but how many study at least for 2 years - 1 hour a day? Only 5%...

Yes, like everything in life, you need to invest time to learn and to gain experience. If you don't want to do that, go away from Forex or you will loose your money....

The topic remind me an old joke:

'- Is it possible to become a millionaire with forex trading?
- Yes, it is possible, if you were before a billionaire' :)

4xAce posted:
Let's not get ahead of ourselves. Most of you aren't even at breakeven.

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You are right 4xAce. I had lucky in past and stopped trading before losing everything.
But 30-50% year is not impossible. There is good signals able to achieve this level of return.

At Darwinex, Thales signal is one of them. You can use it... I did. Good return with low DD. Darwinex is a regulated broker in UK. It worths a look.

Is not a get rich scheme... but you can live trading Forex.

Arcferreira posted:
For this question, I have an opinion:

Forex is an investment... not a get rich scheme.

People must understand that someone can get rich in Forex the same way someone can get rich in Las Vegas. I did that when I started in Forex... I transformed 7.500 in 60.000 in a couple of months... but I lost 20.000 in Brexit!!! I stopped trading and I started to study before trading again...

A lot of people did a fortune in BREXIT, the same way a lot of people are doing fortune with cryptomoney... mostly lucky!

I trade Forex to get something better than the 10%/year. After 2 years studying, I can say 30%/year is not a fantasy.... I used some PAMM accounts that gave me this return. Give a look in Darwinex.com

Today I am able to achieve 3% monthly... some months 6%, others zero or negative... but after 1 year, 30% is not a impossible task for mortals like you and me...

Yes, 90% of Forex traders fail... but how many study at least for 2 years - 1 hour a day? Only 5%...

Yes, like everything in life, you need to invest time to learn and to gain experience. If you don't want to do that, go away from Forex or you will loose your money....

WELL SAID

BaldoN posted:
The topic remind me an old joke:

'- Is it possible to become a millionaire with forex trading?
- Yes, it is possible, if you were before a billionaire' :)

Ha ha ha! Nice joke buddy! By the way, I think okay good skilled Forex traders can expect here good amount of money.

Darwinex looks good but it is very much a 'black box' that you are signing up to. You cannot even see the trades that are taken

This year for me was pretty profitable. I started off the year with 150$ in the account and till date managed to get about 7000$ profit, in total. At the moment my strategy makes about 5-10% a month, so far every month. So to achieve 60-100% a year is very possible even at low risks, however the other question is the amount of money you make to be enough to survive on it. As 5% a month from 100$ is one amount and from 100,000 $ is a completely different amount.

Most important to properly manage your money.

Forex can make you rich only if you stop hunting big profits and start to show +10% every month stable to your investors
everythingh is simple
Also need a time for trading + Software

Even then I am not sure it can make a retail trader rich. Provide a good profit, yes, make them outright rich is a questionable outcome, I think.

Sphinx_FX posted:
This year for me was pretty profitable. I started off the year with 150$ in the account and till date managed to get about 7000$ profit, in total. At the moment my strategy makes about 5-10% a month, so far every month. So to achieve 60-100% a year is very possible even at low risks, however the other question is the amount of money you make to be enough to survive on it. As 5% a month from 100$ is one amount and from 100,000 $ is a completely different amount.

Most important to properly manage your money.

How did you make 7000$ from 150$ at 10% per month

snapdragon1970 posted:

Sphinx_FX posted:
This year for me was pretty profitable. I started off the year with 150$ in the account and till date managed to get about 7000$ profit, in total. At the moment my strategy makes about 5-10% a month, so far every month. So to achieve 60-100% a year is very possible even at low risks, however the other question is the amount of money you make to be enough to survive on it. As 5% a month from 100$ is one amount and from 100,000 $ is a completely different amount.

Most important to properly manage your money.

How did you make 7000$ from 150$ at 10% per month

I believe this can be done.. i also started with $1000, and its +$45000, in two weeks only. PS: It was not scalping. at least most of the trades,,, i will continue to the end of this month and see what percentage i shall reach.

apple1st posted:
Forex can make you rich only if you stop hunting big profits and start to show +10% every month stable to your investors
everythingh is simple
Also need a time for trading + Software

Another fantastic software that will make you the richiest guy in the World.
Show me an account running at this pace (10% monthly) for at least 2 years. A fantastic return of 10x the initial ammount.
For 5 years? 300x initial ammount. For an 350.000 USD account we are talking a final number of 1 billion. But there is only 2.000 billionaires in the World... and you are not one of them... why?

Arcferreira posted:

apple1st posted:
Forex can make you rich only if you stop hunting big profits and start to show +10% every month stable to your investors
everythingh is simple
Also need a time for trading + Software

Another fantastic software that will make you the richiest guy in the World.
Show me an account running at this pace (10% monthly) for at least 2 years. A fantastic return of 10x the initial ammount.
For 5 years? 300x initial ammount. For an 350.000 USD account we are talking a final number of 1 billion. But there is only 2.000 billionaires in the World... and you are not one of them... why?

Why does the Age of the account matter? Most people ask for an account with at least 6-12 months old with a steady growth? WHY? if you can make like lets say a double of your account within couple of weeks or even less, and then withdraw, or evis en invest, and then the same thing every time.. what makes this strategy bad?

MOAMER posted:

Arcferreira posted:

apple1st posted:
Forex can make you rich only if you stop hunting big profits and start to show +10% every month stable to your investors
everythingh is simple
Also need a time for trading + Software

Another fantastic software that will make you the richiest guy in the World.
Show me an account running at this pace (10% monthly) for at least 2 years. A fantastic return of 10x the initial ammount.
For 5 years? 300x initial ammount. For an 350.000 USD account we are talking a final number of 1 billion. But there is only 2.000 billionaires in the World... and you are not one of them... why?

Why does the Age of the account matter? Most people ask for an account with at least 6-12 months old with a steady growth? WHY? if you can make like lets say a double of your account within couple of weeks or even less, and then withdraw, or evis en invest, and then the same thing every time.. what makes this strategy bad?

Because this strategy can't be followed by others. Is like a bubble... you don't know when it will blow.

I apologize for my English. I write in Russian. Then machine translation from Russian into English.

The question of what can be achieved in forex is almost always discussed in petty aspects. It seems to me that the dear gentlemen do not want to see the root of the problem. I explain.
 Can you become an Olympic champion?
 You as a scientist made serious inventions or discoveries?
Maybe you came out victorious in a situation where victory was impossible in principle?
What facts from your biography tell you that you are a man of rare virtues?
If you have not been stubborn in the unequal struggle for victory, what gives you reason to hope for victory in the fight for money (forex)?

Прошу прощения за мой английский язык. Я пишу на русском. Потом машинный перевод с русского языка на английский язык.

Вопрос о том чего можно достигнуть на форексе почти всегда обсуждается в мелочных аспектах. Мне кажется, что уважаемые господа не хотят видеть корень проблемы. Поясняю.
 Вы можете стать олимпийским чемпионом?
 Вы как научный работник делали серьёзные изобретения или открытия?
Может быть, Вы вышли победителем в ситуации, где победа была невозможна в принципе?
Какие факты из Вашей биографии говорят Вам, что Вы человек редких достоинств?
Если Вы не были раньше упорным в неравной борьбе за победу, то что даёт основания Вам надеяться на победу в борьбе за деньги (форекс)?

98% of forex traders lose money.

90+% systems work 1-2 years then blow up.

If there is a fx system that can generate 3-5% per month for more than 2 years I haven't found it yet.

johndoe2016 posted:
98% of forex traders lose money.

90+% systems work 1-2 years then blow up.

If there is a fx system that can generate 3-5% per month for more than 2 years I haven't found it yet.

I'm sorry... what? Give your account some time... maybe you have found it! 😉
Don't be so discouraged. Profit is easier than you think.

I'm sorry... what? Give your account some time... maybe you have found it! wink
Don't be so discouraged. Profit is easier than you think.

BluePanther posted:
I'm sorry... what? Give your account some time... maybe you have found it! wink
Don't be so discouraged. Profit is easier than you think.

What percentage do you risk per trade?