Can you get rich quickly from forex trading?

[michel-28]

It requires time and effort to really be profitable in the forex market. No getting rich overnight, and if your new its good to exchange in tiny lots do not profit much but you do get expertise. Money comes. Iam pretty new thats what I do. There is a lot to learn.

[Mokchipk86]

Sandycarrot,

Is it possible to produce a lot of money fast in forex? Yes. Is it probable? No. I don't know what percent of traders lose - maybe the 95% figure is a bit inflated. But I'd assume at least a majority do. Most new businesses fail, why would a trading business be any different? Retail traders come into the match with enormous disadvantages - they are competing with the most sophistied bank traders on earth, they are usually under-capitalized, plus they use TA to enter trades - a guaranteed recipe for failure. How many retail traders have access to a Reuters or Bloomberg terminal? These are exactly what the real professionals use - bank traders don't use MT4, only the small fry do.

[Blankitave]

quote Why do folks always name amounts but no origin? So you are saying that its 1000x prone to find rich with a company rather than forex trading. Any source? Otherwise its bs. There are numbers that a big percentage of companies also neglect (for resources google that you ll find it fast). Its the exact same for this are loosers thing. Distribute over and over again by people. Even if you show statistics these folks are wrong, they insist on the amounts. The following point is even more absurd: You are claiming that the number of people...

....
Big thumb up on your article, I concur with you, the 95 percent is just a scam because what exactly does it imply, it means that in Forex is not difficult to enter and get out of this work/business so the pool of data is big rather than clustered, the quality of the actors should not be compared with say entring and leaving a Hard company, because there are serious obstacles to entry and serious obstacles to depart. Then in general making money or wealthy is comparative important to appreciate what you are doing, and do good to Humanity. stop

[bolindri]

quote Just change your western currency to Zimbabwe dollars or Indonesian rupiah via your broker.

LOL, thanks for the tip mate, I guess now is the time to convert all the USD into a Zimbabew dollars. .

[ammx171]

when this post said get rich fast what was the definition of that? Saying you get each trade, or believing I've 10k in my account, I must have 50k next month?

Well let us say 10% month. That's also a yield. Just a few traders get rich and can go for higher yields.

[luisokbobt]

Could you get rich quickly from FX trading ? if not ? Why don't you only do the job in general or if there is capital ,why don't you invest your funds in mutual funds, or leave it to finance managers or something like this , or about the other hand if you earn 10% profit from a year in trading do not bother trading alone / does not have to work hard alone leave it to finance managers or mutual funds you'll get over it using a smaller risk than the handle itself THX to your comments / participation / input , S.C.

My answer is no ! You only can lose quickly money in any type of FX or other leveredged products really well.But in fact it's possible to make good profits with a stable egy .

[Strikersipk]

If this article said get rich fast what was the definition of this? Saying you receive 10% every trade, or believing I've 10k in my account, next month I must have 50k?

[chusa1965]

The return on mutuals range from 10% to 20 percent on average, therefore figure if you are not certain about trading, you can always opt for mutuals and other forms of investment. On the beginning wealthier, come one, just how a lot of us even begun with a $10,000 account and raised it?? Either way, love the past few remarks. .

I started with a $10, 250 account and I am up $1900 so much this month. This is my first month trading and initially I had been getting a little bit impatient because I am leaving a lot of profit over the table after reading a few of the articles, I am presuming that exiting out of trades with cash is much better than trying to get the whole move and losing cash. I'd have a few losses however I managed to make it back that day or the following day. I will take it easy and see how it goes in the next few months.

[sandrapunis]

quote Just change your western currency to Zimbabwe dollars or Indonesian rupiah through your broker.

Thanks for the tip! Are people in black already coming for you?

[mbr_mili]

For long time traders (more than 1.5 years) - what kind of growth would you see monthly ?


Some queries should you guys like to reply:How many months have you been trading for? What kind of growth did you see during your trading profession on average ? 6 percent ? 4 percent ? 14% ? Other percent? What percentage of your existing account is your monthly target?