Define rich. Also understand the difference between rich and wealthy. Does a £1m make you rich? Yes by most people's understanding. But it doesn't make you wealthy if you spend £250k a year as you only have 4 yrs of expenses. Once you understand how to trade and can pull money out the markets it is a skill you take through life with you. You may not ever be 'rich' but if you can live well for the rest of your life without having to slave away for 50hrs+ a week then I say it can make you wealthy.
If you can't spot the liquidity then you are the liquidity.
All business has potential to make a people become rich because the God give someone richest and give someone else poorer, in life, a rich person maybe they get more prosperity, whatever goods wanted always can be purchased, someone can be rich from forex business, but also there is a bad story in forex, the trader needs to be realistic to their own skills, if skill bad, don't deposit big money, keep the rules investing money that affords to lose.
It can be, but to be honest I not here to be a rich people within very short period of time because I know the reality! In Forex, there is no way to be a millionaire within a short time! Being a consistent player is the real challenge, and till now I’m focusing on this matter!
Forex can be profitable will depending on each trader's skill, result in forex trading may vary each trader, and sometimes the result not always fixed, today maybe we can make a good profit but not sure for tomorrow, maybe we face losing trades when loss coming, control emotion is important to avoid mistake because angry.
There is no fixed answer; because it depends on your trading skill; if you have a good trading skill then nothing is impossible for you! But with an ordinary trading skill, the journey will be so challenging for sure! By the way, till now I’m learning & trying hard to improve my trading skill!
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. Although currencies can be volatile, violent gyrations like that of the aforementioned Swiss franc are not that common. For example, a substantial move that takes the euro from 1.20 to 1.10 versus the U.S. dollar over a week is still a change of less than 10%. Stocks, on the other hand, can easily trade up or down 20% or more in a single day. But the allure of forex trading lies in the huge leverage provided by forex brokerages, which can magnify gains (and losses).
Yes, Forex can make you rich not immediately but definitely. To reach this milestone, you should wait and keep trading with patience. Learn how to analyze the market properly both technically and fundamentally. The reason is both analyses should be there to capture the actual market trend.
Possibly! Your success in forex trading depends on your skills. Trading has ups and downs. It is challenging to make a fortune from forex trading, but isn’t impossible. As long as you are consistent and eager to learn from your trades, you can become a profitable trader.
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