I feel like it highly depends on how much you know about trading and it can make you huge profits or losses at the same time as it is a 50-50 deal.So everyone should try their luck on forex trading as it might prove to be a good trade for you.
the maximum result from Forex is not an easy task even though many of us try to make money easily . first of all you have to acquire most powerful analyzing trade knowledge which is the key to success in Forex. On the other hand despite of having most powerful analyzing trade knowledge it is not possible to achieve success without having a reliable support, because the broker can affects the result of our trading with certainly.
It is definitely possible to become rich through currency trading. However, it cannot happen overnight. It can take years for a retail trader to grow a small trading account into a big one. And there is always a risk of losing it all.
You can become rich but slowly and steadily. If you keep working on grasping more knowledge it will help you to make profitable trades. Practice as much as you can. Don’t fall into false hopes of only profits. You will make losses as well as profits. Keep on going to become a successful trader.
To get rich quick in this world you either need to inherit, win or be given money. For the rest of use we need to focus on getting rich slow. Start a 10 year plan and aim to be 'wealthy' after those 10 years. Then start a new 10 year plan and aim to be rich. The more money you have the easier it is to accumulate more money.
People have gotten rich from it, but it isn't likely. Meanwhile, the chances of winning the lottery are extremely low but some have won it. I think with trading, there's more of a likely chance that you could wind up profitable, but maybe not to the definition of being rich. However, if you think like a rich person by investing the money you make, having other businesses, etc. then your chances of becoming rich increase drastically.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.