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No doubt that this is one of the most talked about question , well yes you could likely get surprising rich just outta one trade, thats forex for you ,however, the assurance of such super rich transactions to happen is minimal.I guess what differentiates the experienced profitable traders from the fortune profitable traders is your consistency in making profits .
Be cautious with whatever promising you to get rich immediately. You might even get loaded playing the lottery quickly (as in overnight), which doesn't mean that you are likely to.
1. - Can you learn to trade for real rather than read/repeat all the 97 percent of the copy/paste crap that's from the net??
2. - Can you have sufficient area to wait for the perfect conditions for a trade??
3. - Do you turn off your EGO ??
If the answer is yes 3 times. . Then you can get rich by trading...
if not. . Find something else to do (no offense)
I have to concur 100%. It is really more of a case that a lot of folks just feel embarrassed to lose cash in FX trading. It seems wrong and perverse. It is likely admitting you paid for intercourse and caught an STD. No one sympathises. If you ran a company and failed everyone says you're a trier and you need to keep going. The 1 thing all successful people have in common is persistence. If you're worried about how others view you as you attempt the impossible then you will always be only a number. Hence that the rule is the same for FX and anything else.
Oh the comments. . Soo lmao !!
I began trading two decades back, its my sole income I dont have a regular job; I have an apartment, two cars (a daily driver and a constructed jeep for away roading/overland, etc) and I live quite well.
My understanding comes from this website. . Yes thats right; I heard trading reading this forum, I use 1 SINGLE indior that I adjust everyday. . Exchanged a demo accounts for like 3 months and then began LIVE
individuals in general dont even know the purpose of an indior, the way to tune it and the whats the true info they're showing you, let alone trading in general
they just repeat over and over again the exact same copy/paste info
aaand the funny part? The real important post/comments in the people that really UNDERSTAND the mechanics of gambling. . They're overlooked or discarded
Good Game individuals. . GG =)
I get up late at night sometimes and only turn in my trade station, not that I would like to trade or track a situation, but I just felt like watching price movement. Fu.k I have to be insane!
You definitely can. If you are a pro and risky person.
It takes a very long time, even many years, and you'll be losing a lot of money attempting to understand it,
but after you finally get it, you can make all the cash you want, no finance manager can or can do that for you,
besides that, trading isn't only about earning money, it is a passion,
in the event that you merely wish to create money and have no further interest of the market and trading,
you won't succeed since there will be no pleasure or fun doing it to you.
You will shortly find it incredibly boring and you won't have the discipline to follow it
trading isn't appropriate for everyone. In the event you don't think it is enjoyable and very interesting every day you sit down to trade.
Then you're better off doing something else.
Forex is work unfortunatelly. There's nothing fast here (besides of margin call
People usually think that they're special, that they're more economical and their story will be different (of course I will conquer the market, price can go up or down, what the hell is tough here), but market will verify this quickly.
Rich fast forex = pure gambling
If you want to do some gambling, I would suggest to make some type of fx account using quite small deposit of money you can manage to loose (lets say 500 Eur). Sometimes I like to do some gambling to test large risk egies, example, I'm making silly goals- double account in two weeks time. Is it possible? Sure it is but I would never do the trading with my typical accounts lol.
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