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Can forex trading make you rich ?
Členom od Aug 17, 2022
79 príspevkov
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.
Členom od Aug 17, 2022
38 príspevkov
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.
Členom od Feb 15, 2022
210 príspevkov
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.
Členom od Feb 16, 2022
65 príspevkov
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.
Členom od Sep 14, 2022
39 príspevkov
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.
Členom od Sep 06, 2022
26 príspevkov
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.
Členom od Aug 05, 2021
394 príspevkov
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.
Členom od Feb 15, 2022
210 príspevkov
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.
Členom od Jul 23, 2020
816 príspevkov
Nov 27, 2022 at 18:35
Maintain flexibility in using leverage because the market doesn’t always offer good trading environment.
Členom od Apr 03, 2021
437 príspevkov
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..
Členom od Jul 23, 2020
816 príspevkov
Dec 11, 2022 at 14:34
Only learned traders should try live trading because verdant traders are not that much successful from forex trading.
Členom od Jan 21, 2022
57 príspevkov
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.
Členom od Jan 05, 2025
6 príspevkov
Jun 26 at 12:26
Your latency would be useless if you ain’t trading with a fast kinda strategy , why don’t you force on making money before VPs
Členom od Dec 07, 2024
9 príspevkov
Jun 26 at 13:06
Alone you cannot do anything. And never will be reach. Need to join or create good community of developers and Trading Soft testers. Market all time change and alone you will blow account soon or late
Členom od Jun 25, 2025
12 príspevkov
Jun 26 at 13:40
ProfitFXPIP posted:Alone you cannot do anything. And never will be reach. Need to join or create good community of developers and Trading Soft testers. Market all time change and alone you will blow account soon or late
and how do we tend to join that community
Členom od Jun 01, 2015
40 príspevkov
Jul 03 at 16:27
there are many community here and on facebook... am mostly active on the facebook one though as get faster feedback
Work Hard Play Hard... Signal App(Google Play Store):
Členom od Jun 10, 2025
8 príspevkov
Jul 07 at 08:12
slayeraeb posted:there are many community here and on facebook... am mostly active on the facebook one though as get faster feedback
I completely agree—consistency beats thrill. My biggest gains came when I slowed down, focused on risk management, and held trades for days rather than seconds.
Členom od Jul 04, 2025
1 príspevkov
Pred 21 hodinami
theHand posted:
It's possible, but very unlikely.
The figures are published by the brokers. Here's an example: http://www.financemagnates.com/forex/brokers/exclusive-q4-us-retail-forex-profitability-report-ib-1-again-while-oanda-slipping/
Oanda had the most succesful client base at 50% profitability. It's dropped to about 30% since the VC got involved. I suspect the rule changes made the profitable clients leave. But 30% is more or less average. Of course over time it won't always be the same people who are profitable, meaning that there's probably a much smaller percentage that's conistantly profitable. Maybe 20% to 10%
The profitability of those traders are still a bell curve. A minority of them barely scrape by, there will be a mean profit for most of them and then at the other end of the scale you will find your top performers. Maybe 1% to 3%.
So yes, about 1% to 3% will get very rich from FX, the rest won't. Possible. But not probabale. And almost certainly not at retail level participation. You need money to do this. Lots of it.
Yes, I agree 100% with you.
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