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Can forex trading make you rich ?

niceGLer
Oct 02 2018 at 07:20
168 postów
togr posted:
niceGLer posted:
togr posted:
It is quite easy. Good long term strategies make 5% monthly at the most so You have to consider what does mean reich for you?
Is it $10,000 monthly? Then you need to deposit like $200,000 and limit your risk by all possible [not low leverage :)] means


$10000 / montlhy is like being a well paid physician. If I had $200'000 I would forget retail forex, and I would go for trading stocks, invest for divident paying shares, trade futures, warrants and alike. I would definetely regard me as being 'rich', although in reality I would be 'just' wealthy.


Show me 5% a month stock dividend

There are none, simple as that. It is more like a principle, re-allocating assets, gaining less regarding CAGR, but gaining more monetarily because there is more capital. That must have been a rhetorical question, you should know it :) As you know, 5% annually is not impossible.

Sagarmatha
Oct 02 2018 at 12:46
9 postów
Can you get rich from carry trade? It looks like it could be a great way of getting profit but I never found a broker that offered good interest

Matt (BluePanther)
Oct 03 2018 at 06:43
1354 postów
Sagarmatha posted:
Can you get rich from carry trade? It looks like it could be a great way of getting profit but I never found a broker that offered good interest


Sure. Many large investors do carry trading. Just be wary of your risk when entering the market: Short EURTRY is paying 24% interest, but the opportunity becomes risker as this pair drops (increasing chances of EUR appreciation).

Matt (BluePanther)
Oct 03 2018 at 06:43
1354 postów
niceGLer posted:
When to transform from a short term trader to the trend trader, or to become an investor, I don't know. Maybe that is the $10k limit for a trend trader, or $100k for an investor. Any opinions?


$10k or $100k: you can be a day trader.
If you choose to be a trend trader, $10k is riskier as you have less margin to survive in event of corrections.

vontogr (togr)
Oct 03 2018 at 12:02
4862 postów
niceGLer posted:
togr posted:
niceGLer posted:
togr posted:
It is quite easy. Good long term strategies make 5% monthly at the most so You have to consider what does mean reich for you?
Is it $10,000 monthly? Then you need to deposit like $200,000 and limit your risk by all possible [not low leverage :)] means


$10000 / montlhy is like being a well paid physician. If I had $200'000 I would forget retail forex, and I would go for trading stocks, invest for divident paying shares, trade futures, warrants and alike. I would definetely regard me as being 'rich', although in reality I would be 'just' wealthy.


Show me 5% a month stock dividend

There are none, simple as that. It is more like a principle, re-allocating assets, gaining less regarding CAGR, but gaining more monetarily because there is more capital. That must have been a rhetorical question, you should know it :) As you know, 5% annually is not impossible.


You are comparing uncomparable then.
I know wealthy investors who are willing to invest in Forex.

keycurrency
Oct 07 2018 at 06:09
18 postów
tranle447 posted:
That is a very interesting question .

https://www.investopedia.com/articles/forex/073115/can-forex-trading-make-you-rich.asp


It would take 20 years of conservative professional equity management in forex to become rich along side a sizeable investment. If one were to reinvest all trading profits for 20 years the account would be worth tens of millions.

5% a month profit is reasonable and not a scam.

If you want the currency we got the advantage.
Edith1995
Oct 07 2018 at 06:22
10 postów
It is possible to be rich, but it will require a lot of patience in growing your account. Forex is a business and your trading capital is your stock, manage it well and you will be rich

AniLorak
Oct 07 2018 at 06:27
920 postów
BluePanther posted:
Sagarmatha posted:
Can you get rich from carry trade? It looks like it could be a great way of getting profit but I never found a broker that offered good interest


Sure. Many large investors do carry trading. Just be wary of your risk when entering the market: Short EURTRY is paying 24% interest, but the opportunity becomes risker as this pair drops (increasing chances of EUR appreciation).


No idea on EURTRY; since it’s an exotic trading pair! In my trading, I am interested in only major trading pair, according to me exotic pairs are more risky to trade.

Matt (BluePanther)
Oct 09 2018 at 05:55
1354 postów
Edith1995 posted:
It is possible to be rich, but it will require a lot of patience in growing your account. Forex is a business and your trading capital is your stock, manage it well and you will be rich


Patience... I have been waiting since Friday... I want to cash out but I know there is more! 😎



Załączniki:


Dambovita
Oct 09 2018 at 10:16
9 postów
I would at least move my stop losses to break even with the EURTRY trades. Price is likely to fall further but with exotics anything can happen

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