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Can forex trading make you rich ?
Jul 04, 2022 at 04:08
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.
Member Since Jun 28, 2022
25 posts
Jul 28, 2022 at 07:29
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.
Member Since Aug 19, 2021
203 posts
Jul 28, 2022 at 12:05
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.
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.
Member Since Jul 06, 2022
23 posts
Aug 01, 2022 at 10:04
Thanks for your question! I was also interested in this topic. It was interesting to read the answers and different opinions on this matter!
Member Since May 02, 2022
37 posts
Aug 01, 2022 at 11:50
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.
Aug 02, 2022 at 10:52
There is no guarantee of a trader getting rich with forex trading. It’s in his hands how he performs to take advantage of the forex market. Sometimes, strategies would work and sometimes they would fail. It’s you who has to keep working and finding ways of staying in the market for the longest time.
Member Since Jul 26, 2022
45 posts
Aug 04, 2022 at 07:30
Yes, forex trading can make you rich but you need to have proper knowledge about the trading strategies. Plus you should be consistent in your trading journey.
Aug 17, 2022 at 19:59
I think any business that brings in money can make you rich.
It all depends on two things:
1. How much at most it can bring in;
2. What level of expertise you have.
As far as we know, Forex market has no limit on profits. It all depends on the volatility of the market, the size of the deposit and your trading strategy. So if you want to make a million, it is possible.
What about expertise... This is an important thing.
You have to understand 100% of the market, have several profitable trading strategies, and be a true professional.
In this case success is guaranteed!
So. Forex market can really make you rich.
Not many traders can do it.
It all depends on two things:
1. How much at most it can bring in;
2. What level of expertise you have.
As far as we know, Forex market has no limit on profits. It all depends on the volatility of the market, the size of the deposit and your trading strategy. So if you want to make a million, it is possible.
What about expertise... This is an important thing.
You have to understand 100% of the market, have several profitable trading strategies, and be a true professional.
In this case success is guaranteed!
So. Forex market can really make you rich.
Not many traders can do it.
Aug 17, 2022 at 23:52
Just works like another business, there are people get success and become rich, there are people get fail and maybe losing money, included forex business, some people maybe get rich from forex industry, but some other people maybe get fail and losing money in trading, it will depends on our capability and destiny
Member Since Aug 17, 2022
79 posts
Aug 18, 2022 at 04:45
If you are an exceptionally good Forex trader, this could make you wealthy. But one should know when to enter and exit the market.
Member Since Aug 17, 2022
10 posts
Aug 19, 2022 at 04:17
According to statistics, the majority of aspiring forex traders fail, and some even incur major financial losses. So, it completely depends on your knowledge and skills.
Member Since Jun 06, 2022
15 posts
Aug 27, 2022 at 14:18
Lots of ways to make money.
Forex trading is hard for 95%+ to be profitable long term. If you can't trade, just stop and buy dividend stocks, real estate etc.
After 8+ years of being a profitable trader, every single trader I have "known" has failed and stopped except me.
I have no secret, no magic setup.
Just the right combination of talent, intelligence, risk appetite, bankroll management, "balls", insight, and dedication to succeed.
I have flipped countless accounts from $500 and grown to $2k+, made $20k in a little over a month, had over 70 trades in a row go my way, consistently have win rates over 70%.
Now I trade with around $5-10k a month, and usually make at least $500 a week. Each week/month I make more than I expect, I pull out and reset the growth, to protect the profits.
Forex trading is hard for 95%+ to be profitable long term. If you can't trade, just stop and buy dividend stocks, real estate etc.
After 8+ years of being a profitable trader, every single trader I have "known" has failed and stopped except me.
I have no secret, no magic setup.
Just the right combination of talent, intelligence, risk appetite, bankroll management, "balls", insight, and dedication to succeed.
I have flipped countless accounts from $500 and grown to $2k+, made $20k in a little over a month, had over 70 trades in a row go my way, consistently have win rates over 70%.
Now I trade with around $5-10k a month, and usually make at least $500 a week. Each week/month I make more than I expect, I pull out and reset the growth, to protect the profits.
Protect against loses and the profits take care of themselves.
Member Since Jul 26, 2022
45 posts
Sep 03, 2022 at 07:57
Of course forex has the capacity to make you very rich.But you need to be very careful while making your trades as a slight carelessness might blow up your entire account.
