Can forex trading make you rich ?

Interest Ask ;)
I think it’s possible to make money, but only a few do it. You can count on one hand the number of successful brokers. The rest either do not want attention, or they simply do not exist.
I make money on Forex, but I am far from a dollar millionaire. If I become one, then I will write.

Forex will not make you rich or poor, but your performance in it, if it can change your life

Forex is more likely to ruin you financially than make you rich. But there is a chance that you can get rich from Forex. That is why we all keep going

yes can its true forex make you rich

Bastion posted:
Forex will not make you rich or poor, but your performance in it, if it can change your life

True. Not just forex but every trading avenue has the potential of making us rich with the potential risk. Wise trader manages the risk.

jakes90 posted:

Bastion posted:
Forex will not make you rich or poor, but your performance in it, if it can change your life

True. Not just forex but every trading avenue has the potential of making us rich with the potential risk. Wise trader manages the risk.

No doubt on it! I think; anything more than 2% risk reward ratio would be very dangerous since, it’s decentralized market!

Yes I have seen according to my trading experience, in spite of a profitable trading policy scalping cannot use in a proper way due to many restrictions. So, we the traders who are particularly scalpers have to choose the broker that always ensures best trading environment for scalping by providing lowest trading spreads as well as minimum margin requirements.

Mohammadi posted:
Yes I have seen according to my trading experience, in spite of a profitable trading policy scalping cannot use in a proper way due to many restrictions. So, we the traders who are particularly scalpers have to choose the broker that always ensures best trading environment for scalping by providing lowest trading spreads as well as minimum margin requirements.

But I see; professional traders have a tend to make long term based trading! What do you think of?

Bastion posted:
Forex will not make you rich or poor, but your performance in it, if it can change your life

You said it right. Your hard work matters the most.

The good thing about forex business is that its an international ground , and it depends how do you participate in it.It depends how you plan your trade and how you implement with patience and continueity once you learn the trade technical moves and risk management you will start earning and enjoy the financial freedom.

I am not sure cause I really don't know super rich people from Forex entirely but I really do know what is what absolutely on that topic anyway. I hope there is something better than that anyway. People get rich on stock investing entirely.

Ask George Soros if forex can make you rich, he made over a billion dollars in a day

livegood3 posted:
Ask George Soros if forex can make you rich, he made over a billion dollars in a day

He was a millionaire to start with and then got lucky shorting GBP. Statistically some millionaire out there will make it lucky and become billionaire. Most 'self made' billionaires are 10% skill and 90% luck. Sadly we are in a world where luck and inherited wealth cause massive income inequality

princesslint posted:

livegood3 posted:
Ask George Soros if forex can make you rich, he made over a billion dollars in a day

He was a millionaire to start with and then got lucky shorting GBP. Statistically some millionaire out there will make it lucky and become billionaire. Most 'self made' billionaires are 10% skill and 90% luck. Sadly we are in a world where luck and inherited wealth cause massive income inequality

Yeah he made a big risk shorting GBP
He was indeed lucky and made a lot but he could made the same loss

princesslint posted:

livegood3 posted:
Ask George Soros if forex can make you rich, he made over a billion dollars in a day

He was a millionaire to start with and then got lucky shorting GBP. Statistically some millionaire out there will make it lucky and become billionaire. Most 'self made' billionaires are 10% skill and 90% luck. Sadly we are in a world where luck and inherited wealth cause massive income inequality

He was a millionaire, yes...and I doubt that billion dollar winner was his 1st go around in the forex market. He knew fundamentals and the best way to capitalize on it...the forex market

I think profits depend on how we trade. Forex is not at all easy, no doubt the market definitely has a lot of opportunities for us, but how we tap them is what determines our earnings.

Cizel89 posted:
I think profits depend on how we trade. Forex is not at all easy, no doubt the market definitely has a lot of opportunities for us, but how we tap them is what determines our earnings.

I completely agree. If you take anything seriously you will become a pro. The same is true in forex.

Trading can make you very rich if you can keep to risk management, I'm glad to be a trader.

kimdeep posted:
yes can its true forex make you rich

Brighthouse posted:
Forex is more likely to ruin you financially than make you rich. But there is a chance that you can get rich from Forex. That is why we all keep going

Yes, I got lucky after ten years (Sep-Oct 2018: $50,000 - $13million)
Now at 11.5 years I think I finally have it: 400% per month = $3million by August 2020?

'The AMOUNT of money you have does not matter; what matters is the SYSTEM you use. No AMOUNT of money can save you if you have a bad SYSTEM. Conversely, if you have a good SYSTEM you can start with a small AMOUNT and easily become rich.' (Matthew Todorovski)

THIS IS NOT DEMO