Can forex trading make you rich ?
Membre depuis Mar 26, 2020
posts 3
Mar 27, 2020 at 12:40
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 :)
yes i agree with you on this one, there are some successful retail traders but people fail to realize that to be a successful trader you need to master a very good trading system. To be a good trader one must take his /her time to learn trading strategies that suits him/her as a trader.
Director of foreign currencies
Membre depuis Mar 26, 2020
posts 3
Mar 27, 2020 at 12:56
To be a successful fx trader one must have a very good trading strategy, making money in forex is real but without a good trading system it is practically impossible to be among the very few traders that are making it on a daily bases.
Director of foreign currencies
forex_trader_1153031
Membre depuis Feb 28, 2020
posts 78
Mar 27, 2020 at 13:31
princeso2020 posted:
To be a successful fx trader one must have a very good trading strategy, making money in forex is real but without a good trading system it is practically impossible to be among the very few traders that are making it on a daily bases.
And include some nice deposit, not trying to use cents to make millions
Mar 27, 2020 at 14:04
What do you guys do in the forex market? Why are you writing it is impossible to make money on forex? If it is impossible to make money then why invest here? Forex is a high-risk market. Losses are inevitable. Believe me it is impossible to trade only in profit. But if you are calculating your management then losses can be reduced. For example I do not want to lose more than 5% of my balance on each transaction. So I am calculating the amount that I am ready to lose if the market goes against me. Of course there are force majeure events. But if I earn then my earnings may already vary in%. The main thing is to have time to close before the rollback.
And money management will help you from a psychological point of view. So you will be less nervous.
And money management will help you from a psychological point of view. So you will be less nervous.
Mar 27, 2020 at 14:27
princeso2020 posted:
To be a successful fx trader one must have a very good trading strategy, making money in forex is real but without a good trading system it is practically impossible to be among the very few traders that are making it on a daily bases.
Yes it is. And moreover you must always improve the strategy. cause for my dissapointing one strategy can not brings profit all the time. at one moment it is just stop brings you money.
Mar 28, 2020 at 10:22
princeso2020 posted:
To be a successful fx trader one must have a very good trading strategy, making money in forex is real but without a good trading system it is practically impossible to be among the very few traders that are making it on a daily bases.
I totally agree with you. A good trading system is really important.
Membre depuis Mar 23, 2020
posts 8
Mar 30, 2020 at 12:30
Steve75 posted:
Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury
Said like a true Forex trader. This is the truth for 99% of all traders. Better take your Forex trading cash and put it towards getting a new career
Mar 31, 2020 at 06:57
Steve75 posted:
Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury
Right, it is for sure a rocky path, nothing comes easy here, but losses.
Apr 04, 2020 at 16:52
It could provide you with some nice income potentially and probably that's all, I am highly doubt you will get something reallly so high from it absolutely and possibly. So let's clear all the doubts on that matter anyway. There are people who are rich cause of trading, but not many.
forex_trader_1153031
Membre depuis Feb 28, 2020
posts 78
Apr 04, 2020 at 18:13
Thetafyn posted:
It could provide you with some nice income potentially and probably that's all, I am highly doubt you will get something reallly so high from it absolutely and possibly. So let's clear all the doubts on that matter anyway. There are people who are rich cause of trading, but not many.
Yes you can get something very high, I'm testimony to that
Membre depuis Apr 22, 2014
posts 43
Apr 05, 2020 at 11:15
You need to study and interpret the markets yourself in order to be successful long term
Apr 06, 2020 at 11:47
Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury
forex_trader_1153031
Membre depuis Feb 28, 2020
posts 78
Apr 07, 2020 at 12:29
If not for fx, I might be working under a boss, but for it I don't work for nobody, I control myself for myself.
Apr 07, 2020 at 18:59
The only way you can be successful in forex trading to become rich is by beong a skilled trader. If you can trade as a professional then it is possible. The only catch is how much time is required to become a skilled trader because it may take even a decade for you to fully master forex and get the best out of it.
Apr 07, 2020 at 19:05
After everything I have seen going down in forex. It will never make you rich. Trying to play beyond your level will leave you very broke. Everytime you trade with a lot of money the probability of losing it is very high. If you want toget rich then venture into another business. Not this one.
Periwield
Membre depuis Dec 26, 2019
posts 20
Apr 07, 2020 at 19:19
Some people go broke in forex in a matter of days because they aim at earning a lot of money which is usually their biggest mistake. It is usualy the beginers that have no idea what forex is all about. You can relly in forex as a source of income but it will never make you rich.
Apr 07, 2020 at 19:29
Forex trading can make people rich. It is all a matter of how you handle it. If you take in all that knowledge and you apply it properly then there is a good cahnce that you will be very successful in forex and become rich. Do not give in to emotions while trading. Successful traders do that.
