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Can forex trading make you rich ?
Membre depuis Aug 17, 2022
posts 79
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.
Membre depuis Aug 17, 2022
posts 38
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.
Membre depuis Sep 06, 2022
posts 26
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.
Membre depuis Aug 05, 2021
posts 394
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.
Membre depuis Jul 23, 2020
posts 816
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..
Membre depuis Jul 23, 2020
posts 816
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.
Membre depuis Dec 07, 2024
posts 9
Jun 26 at 13:06
Alone you cannot do anything. And never will be reach. Need to join or create good community of developers and Trading Soft testers. Market all time change and alone you will blow account soon or late
Membre depuis Jun 25, 2025
posts 12
Jun 26 at 13:40
ProfitFXPIP posted:Alone you cannot do anything. And never will be reach. Need to join or create good community of developers and Trading Soft testers. Market all time change and alone you will blow account soon or late
and how do we tend to join that community
Jul 07 at 08:12
slayeraeb posted:there are many community here and on facebook... am mostly active on the facebook one though as get faster feedback
I completely agree—consistency beats thrill. My biggest gains came when I slowed down, focused on risk management, and held trades for days rather than seconds.
Membre depuis Jul 04, 2025
posts 1
Il y a 17 heures
theHand posted:
It's possible, but very unlikely.
The figures are published by the brokers. Here's an example: http://www.financemagnates.com/forex/brokers/exclusive-q4-us-retail-forex-profitability-report-ib-1-again-while-oanda-slipping/
Oanda had the most succesful client base at 50% profitability. It's dropped to about 30% since the VC got involved. I suspect the rule changes made the profitable clients leave. But 30% is more or less average. Of course over time it won't always be the same people who are profitable, meaning that there's probably a much smaller percentage that's conistantly profitable. Maybe 20% to 10%
The profitability of those traders are still a bell curve. A minority of them barely scrape by, there will be a mean profit for most of them and then at the other end of the scale you will find your top performers. Maybe 1% to 3%.
So yes, about 1% to 3% will get very rich from FX, the rest won't. Possible. But not probabale. And almost certainly not at retail level participation. You need money to do this. Lots of it.
Yes, I agree 100% with you.
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