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Can forex trading make you rich ?
Sep 10, 2017 at 06:26
Medlem sedan Feb 22, 2017
1 inlägg
i know a couple of people that got rich through trading fx and futures.
it's been a very lengthy and painful process for all of them though. and there's no guarantees.
actually wrote a blog post on this if you wanna check it out
sickoftrading.blogspot.com/2017/09/how-i-became-profitable-daytrader-and.html
it's been a very lengthy and painful process for all of them though. and there's no guarantees.
actually wrote a blog post on this if you wanna check it out
sickoftrading.blogspot.com/2017/09/how-i-became-profitable-daytrader-and.html
shoulda just gotten a job
Medlem sedan Aug 11, 2017
886 inlägg
Sep 10, 2017 at 06:38
Medlem sedan Aug 11, 2017
886 inlägg
I don’t know why people give up Forex because of lacking exact trading knowledge. At present there are many kinds of sources to learn Forex in a proper way. Just need the trader’s patience to acquire real trading experience by passing a long time.
Sep 10, 2017 at 06:45
Medlem sedan Aug 09, 2017
95 inlägg
Forex trading is most comfortable and suitable place to earn money in a proper way, but you have make sure some mandatory rules for that . but practically mostly traders are loser from here due to lack of exact trading knowledge which is the key to success in this volatile trading place. Besides good trading knowledge it is also important to ensure proper trading plan , money management , risk management and obviously a reliable support from a credible trading broker.
Medlem sedan Apr 25, 2012
285 inlägg
Sep 10, 2017 at 06:49
Medlem sedan Apr 25, 2012
285 inlägg
Nutter21 posted:
My aim is to design a robot to do it all for me. The it will be easy living'
Thats a very good aim.
Sep 13, 2017 at 13:56
Medlem sedan Sep 12, 2017
3 inlägg
There is no guarantee whether it would make you rich or lose whatever you have. It is a very long journey that needs a lot of effort and determination. You cannot think of making the money and become rich immediately. If you love trading you need to be determined and most important you should have the back up money which you can afford to lose and should not affect your life.
Sep 14, 2017 at 06:19
Medlem sedan Jun 14, 2015
4 inlägg
if you are a professional trader , you can be rich.
so , now, study about the character of professional trader
good luck
so , now, study about the character of professional trader
good luck
sahraei.forex@
Medlem sedan Dec 06, 2017
7 inlägg
Dec 08, 2017 at 11:16
Medlem sedan Dec 06, 2017
7 inlägg
Of course forex has the capacity to make you very rich. A lot of traders having seen for themselves the lucrativeness of the forex have abandoned their well paying jobs to focus on this financial market. If you learn your demo well perfecting your trading strategy with commendable money and risk management; you could go make a good income from trading the forex market.
Dec 10, 2017 at 08:19
Medlem sedan Oct 31, 2017
13 inlägg
But who really does that? You don't see many (any) genuine retail Forex millionaires
Medlem sedan Nov 04, 2017
13 inlägg
Dec 11, 2017 at 08:09
Medlem sedan Nov 04, 2017
13 inlägg
tranle447 posted:
That is a very interesting question .
https://www.investopedia.com/articles/forex/073115/can-forex-trading-make-you-rich.asp
If you know how to use your actions and manage them through good strategies, it could lead you to be very successful.
forex_trader_275100
Medlem sedan Sep 17, 2015
126 inlägg
Dec 11, 2017 at 08:34
Medlem sedan Sep 17, 2015
126 inlägg
MiguelMM posted:need a lot of experience and software to make stable money in FX
But who really does that? You don't see many (any) genuine retail Forex millionaires
98 % off all money in Forex BlowUp
Medlem sedan Aug 27, 2017
994 inlägg
Dec 12, 2017 at 07:34
Medlem sedan Aug 27, 2017
994 inlägg
apple1st posted:MiguelMM posted:need a lot of experience and software to make stable money in FX
But who really does that? You don't see many (any) genuine retail Forex millionaires
98 % off all money in Forex BlowUp
But I don’t think any software is essential here; if traders have enough trading and experience, that’s enough for manual trading.
Dec 12, 2017 at 07:49
Medlem sedan Nov 21, 2017
33 inlägg
Many people here say the right thing about successful strategies,correct money management and more. And all of them are right. But there is a very large BUT. No matter what excellent strategy you come up with, it will not insure against market changes. And money management is not always successful, if you are novice and do not have enough experience in this. And even if you are a professional this does not always protect you. From the large losses in this market you can't escape. Therefore, it is very difficult to get rich here. I would rather advise you to do something in real life and not spend your whole life in the Forex.
Medlem sedan Feb 22, 2011
4862 inlägg
Dec 12, 2017 at 07:49
Medlem sedan Feb 22, 2011
4862 inlägg
apple1st posted:MiguelMM posted:need a lot of experience and software to make stable money in FX
But who really does that? You don't see many (any) genuine retail Forex millionaires
98 % off all money in Forex BlowUp
There are such guys but why should they post anything here
Medlem sedan Apr 18, 2017
920 inlägg
Dec 12, 2017 at 08:02
Medlem sedan Apr 18, 2017
920 inlägg
MiguelMM posted:
But who really does that? You don't see many (any) genuine retail Forex millionaires
Frankly, I have never seen? Do you?
Medlem sedan Sep 12, 2015
1948 inlägg
Dec 12, 2017 at 13:47
Medlem sedan Sep 12, 2015
1948 inlägg
Forex is a tough game for sure no doubt,it's not impossible though to make a lot of money,even on the most basic platforms with a reasonable size account,experience and proper money management.
"They mistook leverage with genius".
Medlem sedan Jun 14, 2013
130 inlägg
Dec 12, 2017 at 18:33
Medlem sedan Jun 14, 2013
130 inlägg
snapdragon1970 posted:
Forex is a tough game for sure no doubt,it's not impossible though to make a lot of money,even on the most basic platforms with a reasonable size account,experience and proper money management.
I think Kieran hit the nail right on the head. Just like to add, the 98% of people failing Apple1 talks about (some say its 90%, other say its 80%, who really knows) come in the market thinking they can get rich quick, be a millionaire in a year.
So lets say you are an experienced trader, and lets say your trading strategy you a consistent average yearly (modest) return of 15% for the sake of this exercise. And lets assume you are disciplined enough not to take any money out of the account. And lets assume you saved up enough money to open a $10 000 account.
If you then trade for 40 years based on the above criteria your account will be more or less at $2,678,635.46 after 40 years. So yes, you CAN get rich, not impossible, but in reality things don't work like that. People are emotional beasts. We are greedy and wish to get rich quicker so we can spend our millions.
Manual traders battle with emotions. Algorithmic traders battle with markets changing over time, and this causes a trading strategy to lose it effectiveness over long periods of time.
'Can forex trading make you rich ?'... tough questions this, but NOT impossible.
Good luck trading out there!
Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Dec 13, 2017 at 09:27
Medlem sedan Dec 24, 2016
9 inlägg
Question: How to judge if someone is a profitable trader or not?
By age of the account? or capital growth? or Max DD? or what?
i have my own strategy now, and decided to try it on a demo account.. i opened a demo account on this December 1st with $ 1000 .. today Dec 12.. it has grown to +3573.44%. which means to (Dec 12) $36734.42 and with 0.99 DD.
so the question is : Am i profitable trader and fall in the 1% category of profitable traders?
By age of the account? or capital growth? or Max DD? or what?
i have my own strategy now, and decided to try it on a demo account.. i opened a demo account on this December 1st with $ 1000 .. today Dec 12.. it has grown to +3573.44%. which means to (Dec 12) $36734.42 and with 0.99 DD.
so the question is : Am i profitable trader and fall in the 1% category of profitable traders?
m.halab@
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