thread: Can you get rich quickly from forex trading?

I really don't think that there is any way to get wealthy in a brief time span, you need to learn a lot and learn how to analyze the market position.

If You're making a living from Forex then That is pretty good.It is among the riskiest jobs to manage

The thread starter has left long time ago.
Guess he couldn't continue profitably within his fx trading travel.

Yes you can , with coupound interest .
Now , the majority of the newbies will visit exel and create some stupid plan and think : wow , I will become a millionaire next week.
This is completely wrong because there I nobody who wins 100% of their time.

Coupound Interest : The ideal way

Having a 10,000$ account , risking 2% per trade , risk payoff 1:2 , and winning an average 55 percent , in ~200 transactions you will be making 1700$ per trade .
Its all about discipline and after your plan .
I discovered the hard way concerning discipline , losing 60,000$ at a single day . Once you discover the egy which is right for YOU , simply stick with the program , see exactly what your average risk reward , whatever you enjoy risking per trade , the average proportion of the time that you win , and make and follow religiously your plan. Doing that , you will have a good time (And good profits )

Yes You Can! Of course you can. The actual fun part though is: you might also get poor faster from Foreign Exchange trading

I actually couldn't have put it even better.
You can profit more if you're more aggressive on your trading style, but you might also lose everything. In my view most traders are better off running a marathon, not a rush.

Could you get rich quickly from Foreign Exchange trading ? if not ? Why don't you do the work in general or when there is capital ,why not invest your capital in mutual funds, or abandon it to finance managers or anything like this , or about the other hand if you earn 10% profit in a year in trading do not bother trading alone / does not need to work hard exclusively leave it to finance managers or mutual funds you will get over it with a smaller risk compared to manage itself THX for your comments / involvement / enter , S.C.

It all comes down to getting access to capital to execute a well thorough proven approach that you've become proficient through the years. I'm waiting to get the chance to start my own thread.

You Can! Of course you can.

The actual fun part however is:

it is also possible to obtain poor quicker from forex trading

Full of FX requires a process and not as fast as we therefore should we want to get rich in FX then we ought to be able to learn and practice several trading well and continue to improve our mental well because they are full of FX is not simple

There are tales today and then about somebody who made enormous figure such as 1M USD in Forex trading. Are these stories actually true or br0kers make up them to lure more clients?

If this story is true, what's your course of action?

If this story is untrue, what's your course of action?

What is your course of action when you read about someone winning $1M USD lottery jackpot? Do you go out any buy lottery tickets? What I'm trying to say is that, stories such as this should have ZERO impact on your choices about whether to exchange and what your type of trading ought to be.