Can forex trading make you rich ?

But where are these traders!!!!! Surely if FX is not a scam then there are hundreds of successful traders out there and it should be easy to get some good advice. But there are so many scams

If you are smart enough and are the go-getter you can become rich doing anything why just forex trading? Ultimately it all boils down to your brain, aptitude, capabilties, skills, talent and knowledge. Mind you forex trading is not a guarantee of quick and easy profits. In fact it doesn't even work for a majority of people.

Forex can make you rich for sure. Have a look at the latest account which I posted.




 Compound interest is the key to all of this and the only way to master that is to have a system which has rules set into place that can never be broken. Get past that and you will be much more than just a blogger.

I do not understand why you have shown the system above? it looks like you are using a high risk system which will eventually wipe out your account

goyankees85 posted:
 Forex can make you rich for sure. Have a look at the latest account which I posted.




 Compound interest is the key to all of this and the only way to master that is to have a system which has rules set into place that can never be broken. Get past that and you will be much more than just a blogger.

why is the gain at -93%?

Your trading can make rich a lot of people
Your broker
Your EA seller
Your courses seller
To make you rich you need a lot of effort which many people just cant do

LeadPellet posted:
I do not understand why you have shown the system above? it looks like you are using a high risk system which will eventually wipe out your account

 TO show that one can be very rich in forex in a very short amount of time. Is that what this thread is about?

goyankees85 posted:

LeadPellet posted:
I do not understand why you have shown the system above? it looks like you are using a high risk system which will eventually wipe out your account

 TO show that one can be very rich in forex in a very short amount of time. Is that what this thread is about?

This trading style will easily change you from riches to rags😀

looks like some kind of martingale system to me. that system only shows that even terrible systems can have good results sometimes

Well I would say that those who are stabbed hard by the markets can make them rich. Passion speaks.

Greed is a human behaviour.
Sometimes I remember Douglas Adams and the computer to answer about everything in Universe. After 7 billion years, the answer was 42!
The question here is something like that... CAN FOREX MAKE YOU RICH?
Other questions: CAN MUSIC, TENNIS, OR ANYTHING MAKE YOU RICH?
The answer is clear, yes...
But the road isn't simple, because there isn't shortcuts...
I did a good money as a doctor. It was hard... Forex can make a good money too...but the learning curve is hard too...

Why is this the case on your account?

Track Record Not Verified
Trading Privileges Not Verified

Is anyone on here actually rich from trading (and it not a scammer!!). Can you teach us how?

Beethoven9 posted:
Is anyone on here actually rich from trading (and it not a scammer!!). Can you teach us how?

No. I didn't find anyone able to prove a reliable system. It is not difficult to double your money in 2-3 months using agressive trade.
The problem is sooner or later you will suffer a big loss. BLACK SWAN events are difficult to avoid... and your technical analysis go to hell. And your money either.

A 3-5% monthly is possible with 20-30% drawdown. It is 60% a year and after 10 years your money will grow 110x. Your 1.000 USD account will be 1.600 USD after 1 year and 110.000 USD.

BUT 3-5% monthly demands a lot of study.

I am able to achieve this after 3 years studying. It is enough to pay my vacations...

If you have good experience in forex trading and knows all the forex trading tips and tricks and use all the tricks in forex trading then may be you rich

If you a begineer and plan to start forex trading, then before start trading read all forex trading tips and tricks

JamesAnderson posted:
If you have good experience in forex trading and knows all the forex trading tips and tricks and use all the tricks in forex trading then may be you rich

If you a begineer and plan to start forex trading, then before start trading read all forex trading tips and tricks

I think, only tips & tricks are not enough here! If you want to make money (consistently) then you have to learn Forex, otherwise; there is no way.

yes forex can make you rich, but keep in mind it is not a get rich quick offer. To become successful here you need to clear verious stages and have to acquire sound trading skills, without skills it is impossible to make money here.

You need to excel in Forex to become rich.
On the other hand if you excel in tennis you can become rich as well.

LongVision posted:

goyankees85 posted:

LeadPellet posted:
I do not understand why you have shown the system above? it looks like you are using a high risk system which will eventually wipe out your account

 TO show that one can be very rich in forex in a very short amount of time. Is that what this thread is about?

This trading style will easily change you from riches to rags😀

There is no gain without risk.
Higher gain = higher risk.
Nothing is guaranteed, but you can stack the odds in your favor by analysis and understanding of market dynamics.



'Out of the 241 trades, 16 of them were responsible for ALL of the profit. Most people in this world can't handle it. Yet, it is the only way I have ever seen anyone make money trading. Ever. I was on Wall Street for 23 years. All of the successful fund managers will have long losing streaks, sometimes lasting 6 months to a year. And then... boom! They let their winners run and they wipe out all of their losses. It is how trading works.'
- Mark Shawzin (https://thepatterntrader.com)