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Can forex trading make you rich ?

Aug 04 2022 at 07:30
49 postów
Yes, forex trading can make you rich but you need to have proper knowledge about the trading strategies. Plus you should be consistent in your trading journey.
Aug 05 2022 at 07:00
111 postów
Yes, if you have a good understanding of the market and forex trading, you can make a lot of money. Forex trading is undeniably profitable, and you can make a lot of money based on your knowledge and expertise.
Aug 06 2022 at 08:17
17 postów
Yes, if you place winning trades.
Aug 14 2022 at 10:53
104 postów
learning is important there is no way to ignore but in spite of having much learning approach the result of trading can be useless if there is no regular level of practice.
Aug 17 2022 at 19:59
28 postów
I think any business that brings in money can make you rich.
It all depends on two things:
1. How much at most it can bring in;
2. What level of expertise you have.
As far as we know, Forex market has no limit on profits. It all depends on the volatility of the market, the size of the deposit and your trading strategy. So if you want to make a million, it is possible.
What about expertise... This is an important thing.
You have to understand 100% of the market, have several profitable trading strategies, and be a true professional.
In this case success is guaranteed!
So. Forex market can really make you rich.
Not many traders can do it.
Suradi (FXOday)
Aug 17 2022 at 23:52
470 postów
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
Aug 18 2022 at 04:45
80 postów
If you are an exceptionally good Forex trader, this could make you wealthy. But one should know when to enter and exit the market.
Aug 19 2022 at 04:17
60 postów
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.
Aug 23 2022 at 07:07
20 postów
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.
Aug 25 2022 at 18:46
41 postów
It is definitely possible but most dont practice good risk management to make it possible
Work Hard Play Hard... Signal App(Google Play Store):
PhoneticNachos (DavidWilks)
Aug 27 2022 at 14:18
14 postów
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.
Protect against loses and the profits take care of themselves.
Sep 03 2022 at 07:57
49 postów
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.
Sep 03 2022 at 14:32
183 postów
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.
Sep 06 2022 at 11:31
80 postów
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.
Sep 08 2022 at 07:04
39 postów
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.
Sep 18 2022 at 10:14
219 postów
There are two types of trading analyses, including technical and fundamental analysis. A trader should acquire efficiency in both technical and fundamental analysis.
Sep 19 2022 at 06:22
67 postów
Long term trading is a kind of trading hardly favored by traders because it takes much time and comes with high trading risk.
Sep 20 2022 at 08:04
40 postów
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.
Sep 22 2022 at 07:25
26 postów
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.
HeavenLeighGill (HeavLeighGill26)
Sep 22 2022 at 16:25
401 postów
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.
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