Can forex trading make you rich ?

No one can become rich quickly by forex. You need to be very much experienced and trade with patience . Also one good strategy make you to earn good in forex.

People have gotten rich from it, but it isn't likely. Meanwhile, the chances of winning the lottery are extremely low but some have won it. I think with trading, there's more of a likely chance that you could wind up profitable, but maybe not to the definition of being rich. However, if you think like a rich person by investing the money you make, having other businesses, etc. then your chances of becoming rich increase drastically.

I think all business has potential to giving rich, no matter your business is selling foods, goods or become marketing, included in forex trading business, there are some trader that recorded success story their life, the name published and shared on many articles in success story forex, so all trader can become rich from forex business, it will depend how their work here

There should be a new thread called 'HOW can Forex trading make you rich'. That is what we all want

In forex trading, knowledge and proper analysis of market can definitely help you get profitable.

tranle447 posted:
That is a very interesting question .

https://www.investopedia.com/articles/forex/073115/can-forex-trading-make-you-rich.asp

Not only Forex trading, any business can make us rich. We are to deal with that business accordingly. Forex trading can be very rewarding as well as very risky. If we think it is a get rich quick scheme, then surely we will fail. We have to be very cautious with this business.

Q: Can forex trading make you rich ?
ans: Maybe, I hope so

As with anything, mastery of craft can take you far. Trading is no exception.

Forex trading can definitely help you to earn profits only if you have knowledge of how to effectively place trades.

Define rich. Also understand the difference between rich and wealthy. Does a £1m make you rich? Yes by most people's understanding. But it doesn't make you wealthy if you spend £250k a year as you only have 4 yrs of expenses. Once you understand how to trade and can pull money out the markets it is a skill you take through life with you. You may not ever be 'rich' but if you can live well for the rest of your life without having to slave away for 50hrs+ a week then I say it can make you wealthy.

All business has potential to make a people become rich because the God give someone richest and give someone else poorer, in life, a rich person maybe they get more prosperity, whatever goods wanted always can be purchased, someone can be rich from forex business, but also there is a bad story in forex, the trader needs to be realistic to their own skills, if skill bad, don't deposit big money, keep the rules investing money that affords to lose.

It can be, but to be honest I not here to be a rich people within very short period of time because I know the reality! In Forex, there is no way to be a millionaire within a short time! Being a consistent player is the real challenge, and till now I’m focusing on this matter!

forex can make us rich.

see my portfolio

CTmauq2022 posted:
forex can make us rich.

see my portfolio

Your cent accounts you mean?

Fx_challenger posted:

CTmauq2022 posted:
forex can make us rich.

see my portfolio

Your cent accounts you mean?

Forex can be profitable will depending on each trader's skill, result in forex trading may vary each trader, and sometimes the result not always fixed, today maybe we can make a good profit but not sure for tomorrow, maybe we face losing trades when loss coming, control emotion is important to avoid mistake because angry.

tranle447 posted:
That is a very interesting question .

https://www.investopedia.com/articles/forex/073115/can-forex-trading-make-you-rich.asp

There is no fixed answer; because it depends on your trading skill; if you have a good trading skill then nothing is impossible for you! But with an ordinary trading skill, the journey will be so challenging for sure! By the way, till now I’m learning & trying hard to improve my trading skill!

Yes, Forex can make you rich not immediately but definitely. To reach this milestone, you should wait and keep trading with patience. Learn how to analyze the market properly both technically and fundamentally. The reason is both analyses should be there to capture the actual market trend.

Possibly! Your success in forex trading depends on your skills. Trading has ups and downs. It is challenging to make a fortune from forex trading, but isn’t impossible. As long as you are consistent and eager to learn from your trades, you can become a profitable trader.