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Can forex trading make you rich ?

Aug 14, 2015 at 03:17
21,694 Просмотры
777 Replies
Участник с Aug 17, 2022   60 комментариев
Aug 19, 2022 at 04:17
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.
Участник с Jul 25, 2022   20 комментариев
Aug 23, 2022 at 07:07
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.
Участник с Jun 01, 2015   41 комментариев
Aug 25, 2022 at 18:46
It is definitely possible but most dont practice good risk management to make it possible
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Участник с Jun 06, 2022   14 комментариев
Aug 27, 2022 at 14:18
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.
Участник с Jul 26, 2022   49 комментариев
Sep 03, 2022 at 07:57
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.
Участник с Feb 15, 2022   183 комментариев
Sep 03, 2022 at 14:32
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.
Участник с Aug 17, 2022   80 комментариев
Sep 06, 2022 at 11:31
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.
Участник с Aug 17, 2022   39 комментариев
Sep 08, 2022 at 07:04
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.
Участник с Feb 15, 2022   219 комментариев
Sep 18, 2022 at 10:14
There are two types of trading analyses, including technical and fundamental analysis. A trader should acquire efficiency in both technical and fundamental analysis.
Участник с Feb 16, 2022   67 комментариев
Sep 19, 2022 at 06:22
Long term trading is a kind of trading hardly favored by traders because it takes much time and comes with high trading risk.
Участник с Sep 14, 2022   40 комментариев
Sep 20, 2022 at 08:04
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.
Участник с Sep 06, 2022   26 комментариев
Sep 22, 2022 at 07:25
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.
Участник с Aug 05, 2021   401 комментариев
Sep 22, 2022 at 16:25
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.
Участник с Feb 15, 2022   219 комментариев
Nov 27, 2022 at 13:03
Forex befools these people actually and I am saying it because those people don’t focus on developing their trading psychology and knowledge.
Участник с Jul 23, 2020   869 комментариев
Nov 27, 2022 at 18:35
Maintain flexibility in using leverage because the market doesn’t always offer good trading environment.
Участник с Apr 03, 2021   470 комментариев
Nov 27, 2022 at 22:37
All business has the potential to give rich depending on the individual skills. In forex trading, we have the same opportunities to become successful traders, but each trader is limited by skills, not all traders will become rich from forex because various factors including a number of capital and skills..
Участник с Jul 23, 2020   869 комментариев
Dec 11, 2022 at 14:34
Only learned traders should try live trading because verdant traders are not that much successful from forex trading.
Участник с Jan 21, 2022   57 комментариев
Dec 15, 2022 at 06:05
LyudmilLukanov posted:
Only learned traders should try live trading because verdant traders are not that much successful from forex trading.
Beginner traders should give themselves some more time to learn and get familiar with the nature of the market. Smart traders are made, not born.
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