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Can forex trading make you rich ?

FuYating
Dec 18 2018 at 07:06
11 postów
Not really. Only scam brokers will do things like that. Most normal brokers will be fine. Focus on trading and not worrying about broker

Matt (BluePanther)
Dec 18 2018 at 07:45
1356 postów
Imamul posted:
Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.


Absolutely correct. You must have a regulated broker who 'plays BY the rules' and does not 'play WITH the rules'. They need to be transparent and honest.

Scam brokers will play games and you will certainly lose if you use one. Don't use bucket-shop brokers is essential first step!

AniLorak
Dec 24 2018 at 07:36
920 postów
BluePanther posted:
Imamul posted:
Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.


Absolutely correct. You must have a regulated broker who 'plays BY the rules' and does not 'play WITH the rules'. They need to be transparent and honest.

Scam brokers will play games and you will certainly lose if you use one. Don't use bucket-shop brokers is essential first step!


No doubt, trading with a market maker broker is always painful; since they kill traders profit & capital. On the other hand, good brokers help the traders to make money in a friendly trading environment.

Matt (BluePanther)
Dec 25 2018 at 07:34
1356 postów
Astronautica posted:
Thank you for your explanation of fibs. I never use fibs before but like your analysis. I will go through charts today and try adding fibs on to see if I can do the same. well done


A good example of Fib analysis. Keep Fundamentals in mind too:
https://www.forexlive.com/technical-analysis/!/goldman-sachs-doesnt-see-much-support-in-oil-until-4547-20181126

AniLorak
Dec 25 2018 at 13:26
920 postów
BluePanther posted:
Astronautica posted:
Thank you for your explanation of fibs. I never use fibs before but like your analysis. I will go through charts today and try adding fibs on to see if I can do the same. well done


A good example of Fib analysis. Keep Fundamentals in mind too:
https://www.forexlive.com/technical-analysis/!/goldman-sachs-doesnt-see-much-support-in-oil-until-4547-20181126


Mate, this link is not working for me! I can’t open think! Can you please check back?

uxStyle
Aug 15 2019 at 17:08
32 postów
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_trader_[392414]
Aug 18 2019 at 22:30
2 postów
Forex will not make you rich or poor, but your performance in it, if it can change your life

Brighthouse
Aug 19 2019 at 12:07
7 postów
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

PROMAN (kimdeep)
Aug 19 2019 at 16:26
4 postów
yes can its true forex make you rich

jakes90
Aug 21 2019 at 03:51
28 postów
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.

AmDiab
Aug 23 2019 at 15:22
718 postów
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!

Mohammadi
Aug 30 2019 at 14:20
886 postów
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.

AmDiab
Aug 30 2019 at 16:43
718 postów
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?

Sven98
Nov 27 2019 at 06:27
41 postów
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.

Wiame (Baazex)
Nov 28 2019 at 10:38
45 postów
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.

Revenue is vanity, profit is sanity, but cash is king
AniLorak
Nov 29 2019 at 08:05
920 postów
Baazex posted:
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.


Basically; it depends on individuals trading skill; without proper knowledge there is no way of money making (in a consistent row).

Saithidor
Mar 22 2020 at 10:20
23 postów
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.

livegood3
Mar 23 2020 at 00:30
93 postów
Ask George Soros if forex can make you rich, he made over a billion dollars in a day

test the waters, before you dive in
Betty_60
Mar 23 2020 at 07:03
41 postów
AniLorak posted:
Baazex posted:
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.


Basically; it depends on individuals trading skill; without proper knowledge there is no way of money making (in a consistent row).

I agree on that, without skills and hard work, no success can be achieved. But sadly, people don't take learning seriously and jump into the markets in greed of quick profits.

princesslint
Mar 23 2020 at 11:37
9 postów
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

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