You cannot say anything about the results you will obtain until you make a few trades in the live market. The market is always moving and you never get what you expect. So, focus on your skills because they will get you money and nothing else.
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.
I have seen this question come up many times, especially by newbie traders. The right question traders should ask is that “Are they worthy of making riches from the forex market?” You see the forex market is the biggest financial market in the world, with a value ofover 2.4 trillion usd. The forex market gives a trader the liberty to choose how much they can profit or lose, by their own strategies, rather than limited gains as in stocks or options. These two factors are what attracts many traders in terms of making money from forex. However, the market volatility and unpredictability is what renders it as also the riskiest market in the world. Without proper knowledge of the market, one cannot ever make profits. And only by staying consistent will one be able to fully understand the market, how it works, and make consistent profits in the long term.
Yes, forex trading has the potential to make you wealthy. but only if you have extensive knowledge and expertise. It will take a lot of effort to get to this level. So roll up your sleeves and get to work on your learning.
The money-making potential in the market is endless. But whether you can or not is up to you. Are you a good trader? What is the success rate of yoru strategies? The rule is simple: the more you know about the market, the more money you will make. Thus, keep your focus on learning. You will make rewards in time.
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.
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.
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.
The forex market is not obliged to make you rich, neither is it obliged to make the market movements easy enough for trading. It is the role of the trader to work hard, be consistent with trading, make good analytical research on the market movements, and carry out profitable trading plans. If you can do that, voila! Forex trading will be road for your financial success.
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..
I am a supporter of the idea that it is not trading that makes you rich, but a trader. I think that this idea is more correct, because in many respects it is the trader who earns thanks to his knowledge and experience.