Can forex trading make you rich ?

Aug 14, 2015 at 03:17
26,051浏览
771 Replies
会员从Feb 22, 2011开始   4862帖子
Sep 11, 2015 at 12:58
Zectang posted:
Lagurteng posted:
I'd like to leave my own opinion. I believe that it actually can make you rich, but before you come to it, you will have to suffer losses during considerable period of time. it's a long way of learning, trying, and studying from losses. Correct me if I'm wrong, but I see it this way.


Yes, it's really so. I'd also like to highlight the fact that on forex, as well as on any other job, you will not get rich in several days. You have to gain experience and realize what it takes to full extent first.

Exactly:)
会员从Feb 02, 2015开始   4帖子
Sep 11, 2015 at 13:02
With a good system/strategy... great balanced risk ratio... and human control with no rules break... yes you can do it.
ted@
会员从Feb 22, 2011开始   4862帖子
Sep 11, 2015 at 13:18
TedWaller posted:
With a good system/strategy... great balanced risk ratio... and human control with no rules break... yes you can do it.

Thats not enough you need good risk management system as well.
会员从May 20, 2011开始   724帖子
Sep 11, 2015 at 15:23
You can get rich doing a lot of things. Investing is one of them.
会员从Mar 19, 2015开始   3帖子
Sep 13, 2015 at 05:53
I am sure you all heard about George Soros who made his luck with trading currencies. So the answer is yes, you can be one of the richest persons in the world by trading forex.
会员从Feb 02, 2015开始   4帖子
Sep 13, 2015 at 05:54
'Great balanced risk ratio' includes a risk management study to define trading rules... really its an 'all in one' where each study aspect is necessary to be constant.

(Sorry if i dont explain correctly the ideas... my english is limited).
Ted.
ted@
rob559
forex_trader_29148
会员从Feb 11, 2011开始   1916帖子
Sep 13, 2015 at 05:54
some that get it can make decent money
会员从Sep 11, 2015开始   8帖子
Sep 13, 2015 at 05:54
Actually, why not? In case you have already been in forex for a couple of years and you understand strict realities, then you might realize that in some more years you can become rich.
P.S.
会员从Jun 05, 2014开始   35帖子
Sep 13, 2015 at 05:54
yes, but not overnight.
It's all in the mindset.
会员从Nov 21, 2011开始   1718帖子
Sep 19, 2015 at 18:39 (已编辑 Sep 19, 2015 at 18:40)
CrazyTrader posted:
@FxMasterGuru
Yes you are right... Always the same story.

Let me build my army... you will see my point later.

I'm ready to try to acheive the topic.
I have created 4 new accounts of $150 each from the first account.
Now I can start to compound profits on each account as my fx Army is built (I had to create 10 like this... but it's too long)
.... to be continued

https://www.forexfactory.com/pipsfestival
会员从Aug 28, 2015开始   50帖子
Sep 21, 2015 at 13:40
I left my full time job a few year ago, all thanks to forex trading. ;)
Let's get down Forex Black Market, expose fake Expert Advisors!
会员从Sep 12, 2015开始   1948帖子
Sep 22, 2015 at 21:17
FxMasterGuru posted:
@peter977

Agree, Peter. Those successful individual traders - the '5%' - just don't come here to MyFxBook...

Why...? Because they simply don't need clients and attention...

I have seen both sides,its not a pretty sight believe me,investing clients money is a mind field,great for the broker,I have been asked by people to invest for them but i refused because i want to sleep at night.I make a steady income on my own account and it didn't take years ,you just need the right training and some experience of working in a financial trading company.I know for a fact that professionals do check certain web sites for bias.
"They mistook leverage with genius".
会员从Sep 12, 2015开始   1948帖子
Sep 22, 2015 at 21:17
William82 posted:
I left my full time job a few year ago, all thanks to forex trading. ;)


I like your Quote!
"They mistook leverage with genius".
会员从May 01, 2015开始   5帖子
Sep 26, 2015 at 15:41
William82 posted:
I left my full time job a few year ago, all thanks to forex trading. ;)

i wish i can do that, but it is so boring staring at chart all the time
one shot one kill
会员从Sep 12, 2015开始   1948帖子
Sep 27, 2015 at 05:56
I spend little time looking at a screen ,unless im scalping,most of my time im doing research on a stock,forex or waiting for a news event.
I watch the open ,crossovers and 11.30am,14.30 ,16.30,18.00-19.00.
I wait for the trade to come to me,if it dont meet the levels I want I wait until it does,set an alert.

be lucky.
"They mistook leverage with genius".
会员从Jun 15, 2013开始   37帖子
Sep 27, 2015 at 21:24
Yes it can. The first thing you have to accept is that you can and you will lose money. Don't try to save a losing trade. Just cut if and go. Study why it was a bad trade.

Then focus on next trade. If it is in profit good but don't try to squeeze all that you can out of it. Set a limit on how much you should get.

Never get excited trading the markets. That's the biggest mistake you can make. This is so because it leads to over trading.

Just keep on trading until you no longer feel any emotion but rather logic. Accept also the fact that your technical analysis will not work all the time. Just make sure your wins because of technicals is bigger than your losses due to fundamentals.
会员从Aug 20, 2015开始   1帖子
Sep 28, 2015 at 09:02

This is the new strategies - wait for the trade to come to me,if it dont meet the levels I want I wait until it does,set an alert
good thinking and many people follow this idea.
会员从Sep 12, 2015开始   1948帖子
Sep 28, 2015 at 09:05
You will probly never know why it was a bad trade,there are to many possibilities as to why,you cant always be right.Its ok to have a set target like 2:1 or 3:1 or above,but be aware of how much the price moves from its average,say 50 pips.Obviously if its a strong trend don't set a limit.If you can add to a winning trade it makes a considerable difference.

 
"They mistook leverage with genius".
会员从Nov 21, 2011开始   1718帖子
Sep 28, 2015 at 09:09
snapdragon1970 posted:
You will probly never know why it was a bad trade,there are to many possibilities as to why,you cant always be right.Its ok to have a set target like 2:1 or 3:1 or above,but be aware of how much the price moves from its average,say 50 pips.Obviously if its a strong trend don't set a limit.If you can add to a winning trade it makes a considerable difference.

 

GBPUSD right now can be a good opportunity to build long... or not !

Good luck
会员从Aug 28, 2015开始   50帖子
Sep 28, 2015 at 16:16
dannbb posted:
William82 posted:
I left my full time job a few year ago, all thanks to forex trading. ;)

i wish i can do that, but it is so boring staring at chart all the time

Not at all.
I am traveling almost all the time. It takes me only a few hours per day to check charts.
I can call myself as swing trader, and also i have invested money into a few stable EA systems, it brings me constant profit..

No secrets or miracles, just take a time to analyse or develop some trading system and start trading.

Best Regards,
William
Let's get down Forex Black Market, expose fake Expert Advisors!
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