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Can forex trading make you rich ?
Medlem sedan Mar 23, 2016
6 inlägg
Jul 23, 2017 at 07:29
It can, but it probably won't. Since Forex has a big speculative element to it, you have to look at it from the probability point of view 😉
Medlem sedan Mar 23, 2016
6 inlägg
Jul 23, 2017 at 07:31
And it depends largely on your account balance and discipline.
forex_trader_445428
Medlem sedan Jul 19, 2017
83 inlägg
Jul 23, 2017 at 13:43
forex trading can make you rich if you have great patience....
Jul 23, 2017 at 13:58
greenbackFX posted:
It can, but it probably won't. Since Forex has a big speculative element to it, you have to look at it from the probability point of view 😉
nice sir, how can we see it, do you have any source for learning probability? 😐
Medlem sedan Mar 23, 2016
6 inlägg
Jul 23, 2017 at 15:06
Learn moneymanagement techniques...
Jul 23, 2017 at 15:20
greenbackFX posted:
Learn moneymanagement techniques...
as simple as it sounds, i have learn it, like only put risk about 0.50% of equity in one trade, calculate risk reward, trade once every day, leverage only 1:100 when not so needed, increase leverage when needed, and think about yearly growth not hourly/daily.
is that the only thing i needed in money management?
Medlem sedan Mar 23, 2016
6 inlägg
Jul 23, 2017 at 15:26
The first 2 points are enough. Most people can't even master those... it is a difference knowing in theory and actually doing it. Finally when you master it you can become profitable..Good luck and lots of patience!
Jul 23, 2017 at 15:32
greenbackFX posted:
The first 2 points are enough. Most people can't even master those... it is a difference knowing in theory and actually doing it. Finally when you master it you can become profitable..Good luck and lots of patience!
Thanks sir,
you're right, i only know about the theory, and on process doing it.😄
will put into perspective on what you saying sir...!! 😎
Medlem sedan Dec 11, 2015
1462 inlägg
Jul 24, 2017 at 13:39
(redigerad Jul 24, 2017 at 13:41)
pflux posted:
Forex will make you rich if you are the broker.
For everyone else: discipline, money management and time will do it.
Ha, that’s a good way of putting it.
Sometimes these situations – the broker getting very rich off the back of investors and traders leads to very drastic and unfortunate situations. Last week a group of angry Chinese investors and traders actually invaded the offices of their broker and took hostages because they apparently lost a lot of money. (https://www.forexbrokerz.com/news/Upset-Chinese-investors-hold-hostage-USGFX-staff-in-Shanghai) So far it’s unclear whether the hostage crisis has ended.
Medlem sedan Feb 22, 2011
4573 inlägg
Jul 24, 2017 at 13:45
pflux posted:
Forex will make you rich if you are the broker.
For everyone else: discipline, money management and time will do it.
That is about right, though sometimes even broker goes bankrupt
forex_trader_445428
Medlem sedan Jul 19, 2017
83 inlägg
Jul 24, 2017 at 13:47
pflux posted:
Forex will make you rich if you are the broker.
For everyone else: discipline, money management and time will do it.
Correct!!!
Jul 24, 2017 at 19:49
(redigerad Jul 24, 2017 at 19:50)
pflux posted:😐
Forex will make you rich if you are the broker.
For everyone else: discipline, money management and time will do it.
If you are broker and the money keep flowing to your bank account,
it depends on the number of trader getting paid vs money incoming to broker pocket,
no money coming = pool getting dry... 😕
and that's where marketing/bonus/promo come in playing,
to get all the prawns trader come put their money to broker pockets... 😁
of course, this comment for entertaiment, so be chill... 😇
Medlem sedan Feb 12, 2016
507 inlägg
Aug 02, 2017 at 07:53
It might be if you avoid any get reach fast schemes and bad habits setting up 95% of the traders from the losing side :)
Medlem sedan Feb 22, 2011
4573 inlägg
Aug 02, 2017 at 10:09
Only about 5% of traders are profitable.
Lets assume just 2-3% became rich.
So the answer is unfortunately there is 97% probability trading wont make you rich.
Unless you are exceptional or you have exceptional guru.
Someone who trades for living for a long time :)
Lets assume just 2-3% became rich.
So the answer is unfortunately there is 97% probability trading wont make you rich.
Unless you are exceptional or you have exceptional guru.
Someone who trades for living for a long time :)
Medlem sedan Sep 12, 2015
1933 inlägg
Aug 10, 2017 at 21:37
You might get lucky and build a nice nest egg in Forex, your odds might be better trading stocks if you have the patience.
"They mistook leverage with genius".
Medlem sedan Jul 25, 2016
220 inlägg
Aug 11, 2017 at 08:12
Honestly speaking. Simply try to find even 20 people in the world, like you and I, who have made it rich in trading! You won't even find 50% of the amount.
@GJscalper for more information
