May 19 at 21:24
tranle447 posted:
That is a very interesting question .
https://www.investopedia.com/articles/forex/073115/can-forex-trading-make-you-rich.asp
I am now on my way to getting rich with it. But I must trade all pairs at once. I now have a refined strategy where I can win 85% of the time. I just passed $700k in profits.
*I kill pips for fun.*
May 20 at 04:47
Yes, one can certainly build a fortune by trading forex! But whether it can make you rich or not depends on a lot of factors. The primary one is your trading knowledge. Moreover, it is very difficult to be consistent in trading. If you can keep the two aligned, then you can have a bright future ahead waiting for you.
Forex trading has the potential to make you rich, but it is not easy. Traders must put in a lot of effort to consistently improve their trading skills and gain a thorough understanding of the forex market.
It’s difficult to say if forex will make anyone rich. If you have a good strategy and use leverage properly, you can significantly increase your profits.
The answer to this question will vary from trader to trader. Not every trader understands the market correctly and is capable of making money. This is because not every trader is ready to learn and keep patience to see their strategies work.
It can, but it won't be overnight, and you need to learn a lot of things before you can begin to expect getting rich; such as how to turn over a profit, how to ensure that you don't make heavy losses, that your money isn't going to waste, that you aren't being too emotional with your trades, etc.
May 25 at 06:48
Forex can make you rich if you follow the rules, stick to the plan, and stay consistent.
May 25 at 07:24
It can make you rich or bankrupt. Traders with the mindset of becoming rich won't, but those who accept that they probably won't and aim for a steady return, even if it's a few percent a year, will succeed in profitability and have a chance at becoming rich.
If doing forex trading was enough for anyone to become rich, there would not have been any losing traders. And when there would not have been any losing traders, there would not have been any forex market.
It can but there is no particular time that can be mentioned. Moreover, there is also no guarantee that you will be able to become rich in forex trading. Forex trading works differently for all traders. You better be prepared for the results in accordance with your skills and experience.
Forex can make you rich but not for most people. For most people it is better to invest in a savings account or maybe stocks. FX is difficult and most fail
I don’t think forex trading must be blamed for your losses when you can’t appreciate it for your profits. It’s always your skills that result in your profits and losses.
Forex is a highly volatile market and one should understand the risks and rewards before entering the market.
The forex market makes the traders who are able to survive the market and financially disturb the trader who is not.
The forex market makes the traders who are able to survive the market and financially disturb the trader who is not.
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.
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