Can forex trading make you rich ?
Členem od Jun 06, 2022
9 příspěvků
Jun 06, 2022 at 11:17
Forex can make you rich but not for most people. For most people it is better to invest in a savings account or maybe stocks. FX is difficult and most fail
Členem od Dec 14, 2021
46 příspěvků
Jun 16, 2022 at 07:33
I don’t think forex trading must be blamed for your losses when you can’t appreciate it for your profits. It’s always your skills that result in your profits and losses.
Členem od Jun 02, 2022
32 příspěvků
Jun 17, 2022 at 09:44
Forex is a highly volatile market and one should understand the risks and rewards before entering the market.
The forex market makes the traders who are able to survive the market and financially disturb the trader who is not.
The forex market makes the traders who are able to survive the market and financially disturb the trader who is not.
Členem od Jan 10, 2022
40 příspěvků
Jul 04, 2022 at 04:08
Rich has a different definition for everybody! If you wish to become a millionaire, then yes forex, if done with right strategy and planning, can help you become that. But be ready to give in the hard work. It’s not a day’s task! You should honestly commit to it to see the results.
Členem od Jun 28, 2022
24 příspěvků
Jul 28, 2022 at 07:29
yes it can make you rich but you have to learn and see your limits as to when to stop and come out from the trading. Do not be greedy. Make your own strategy and you are good to go. Frame reframe your strategies and slowly and gradually you will yourself understand how to be more productive in this.
Členem od Aug 19, 2021
246 příspěvků
Jul 28, 2022 at 12:05
Oh of course each trader may be rich. The whole secret is that you have good capital from the very beginning. And also the brain, so as not to lose this capital. 😄😄😄
Do not forget that it is important to have a well-practiced trading strategy. Moreover, it is even necessary to constantly improve it. And also quickly react if the strategy starts to fail and you lose.
Do not forget that it is important to have a well-practiced trading strategy. Moreover, it is even necessary to constantly improve it. And also quickly react if the strategy starts to fail and you lose.
Členem od Jul 06, 2022
24 příspěvků
Aug 01, 2022 at 10:04
Thanks for your question! I was also interested in this topic. It was interesting to read the answers and different opinions on this matter!
Členem od May 02, 2022
38 příspěvků
Aug 01, 2022 at 11:50
Yes, Forex can make you rich. It is challenging but not impossible. It mainly depends on how well you trade, your experience, forex knowledge, strategies, risk management, persistence, alertness, etc.
Členem od Jul 19, 2022
22 příspěvků
Aug 02, 2022 at 10:52
There is no guarantee of a trader getting rich with forex trading. It’s in his hands how he performs to take advantage of the forex market. Sometimes, strategies would work and sometimes they would fail. It’s you who has to keep working and finding ways of staying in the market for the longest time.
Členem od Jul 26, 2022
52 příspěvků
Aug 04, 2022 at 07:30
Yes, forex trading can make you rich but you need to have proper knowledge about the trading strategies. Plus you should be consistent in your trading journey.
Členem od Aug 06, 2022
17 příspěvků
Aug 06, 2022 at 08:17
Yes, if you place winning trades.
Členem od Sep 20, 2019
28 příspěvků
Aug 17, 2022 at 19:59
I think any business that brings in money can make you rich.
It all depends on two things:
1. How much at most it can bring in;
2. What level of expertise you have.
As far as we know, Forex market has no limit on profits. It all depends on the volatility of the market, the size of the deposit and your trading strategy. So if you want to make a million, it is possible.
What about expertise... This is an important thing.
You have to understand 100% of the market, have several profitable trading strategies, and be a true professional.
In this case success is guaranteed!
So. Forex market can really make you rich.
Not many traders can do it.
It all depends on two things:
1. How much at most it can bring in;
2. What level of expertise you have.
As far as we know, Forex market has no limit on profits. It all depends on the volatility of the market, the size of the deposit and your trading strategy. So if you want to make a million, it is possible.
What about expertise... This is an important thing.
You have to understand 100% of the market, have several profitable trading strategies, and be a true professional.
In this case success is guaranteed!
So. Forex market can really make you rich.
Not many traders can do it.
Členem od Apr 03, 2021
470 příspěvků
Aug 17, 2022 at 23:52
Just works like another business, there are people get success and become rich, there are people get fail and maybe losing money, included forex business, some people maybe get rich from forex industry, but some other people maybe get fail and losing money in trading, it will depends on our capability and destiny
Členem od Aug 17, 2022
80 příspěvků
Aug 18, 2022 at 04:45
If you are an exceptionally good Forex trader, this could make you wealthy. But one should know when to enter and exit the market.
Členem od Aug 17, 2022
60 příspěvků
Aug 19, 2022 at 04:17
According to statistics, the majority of aspiring forex traders fail, and some even incur major financial losses. So, it completely depends on your knowledge and skills.
Členem od Jul 25, 2022
20 příspěvků
Aug 23, 2022 at 07:07
Forex has tremendous potential to make anyone rich. But it is only one's knowledge and experience that makes one so. It is useless to trade without knowledge because then, trading will just be a damp squib.
Členem od Jun 01, 2015
42 příspěvků
Aug 25, 2022 at 18:46
It is definitely possible but most dont practice good risk management to make it possible
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Členem od Jun 06, 2022
14 příspěvků
Aug 27, 2022 at 14:18
Lots of ways to make money.
Forex trading is hard for 95%+ to be profitable long term. If you can't trade, just stop and buy dividend stocks, real estate etc.
After 8+ years of being a profitable trader, every single trader I have 'known' has failed and stopped except me.
I have no secret, no magic setup.
Just the right combination of talent, intelligence, risk appetite, bankroll management, 'balls', insight, and dedication to succeed.
I have flipped countless accounts from $500 and grown to $2k+, made $20k in a little over a month, had over 70 trades in a row go my way, consistently have win rates over 70%.
Now I trade with around $5-10k a month, and usually make at least $500 a week. Each week/month I make more than I expect, I pull out and reset the growth, to protect the profits.
Forex trading is hard for 95%+ to be profitable long term. If you can't trade, just stop and buy dividend stocks, real estate etc.
After 8+ years of being a profitable trader, every single trader I have 'known' has failed and stopped except me.
I have no secret, no magic setup.
Just the right combination of talent, intelligence, risk appetite, bankroll management, 'balls', insight, and dedication to succeed.
I have flipped countless accounts from $500 and grown to $2k+, made $20k in a little over a month, had over 70 trades in a row go my way, consistently have win rates over 70%.
Now I trade with around $5-10k a month, and usually make at least $500 a week. Each week/month I make more than I expect, I pull out and reset the growth, to protect the profits.
Protect against loses and the profits take care of themselves.
Členem od Jul 26, 2022
52 příspěvků
Sep 03, 2022 at 07:57
Of course forex has the capacity to make you very rich.But you need to be very careful while making your trades as a slight carelessness might blow up your entire account.
Členem od Feb 15, 2022
183 příspěvků
Sep 03, 2022 at 14:32
To catch the trend of market, traders should analyze the market scritinizely. A good entry can never be taken without determining whether the market is in the uptrend or downtrend.
