Can forex trading make you rich ?

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

If you are an exceptionally good Forex trader, this could make you wealthy. But one should know when to enter and exit the market.

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.

Forex has tremendous potential to make anyone rich. But it is only one's knowledge and experience that makes one so. It is useless to trade without knowledge because then, trading will just be a damp squib.

It is definitely possible but most dont practice good risk management to make it possible

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.

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.

To catch the trend of market, traders should analyze the market scritinizely. A good entry can never be taken without determining whether the market is in the uptrend or downtrend.

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.

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.

There are two types of trading analyses, including technical and fundamental analysis. A trader should acquire efficiency in both technical and fundamental analysis.

Long term trading is a kind of trading hardly favored by traders because it takes much time and comes with high trading risk.

Forex trading can make you rich if you are smart with a great understanding of market movements, along with studying charts we should also know the time to enter or exit a position for the proper analysis.

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.

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.

Forex befools these people actually and I am saying it because those people don’t focus on developing their trading psychology and knowledge.

Maintain flexibility in using leverage because the market doesn’t always offer good trading environment.

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..

Only learned traders should try live trading because verdant traders are not that much successful from forex trading.