Can you get rich quickly from forex trading? -
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thread: Can you get rich quickly from forex trading?

  1. #161
    I'm learning my ABC's, I think that it is likely (hope so),
    already found pitfalls in signs, broker calls (some great, some a/c destroying), over trading and the plogy of waiting for a wave to crest (or trough).
    The mystery of the Plogy I believe is the key,
    complete newcomer but with work; I know that I can!
    In the end of the day, Most of Us make choices (me not investing but looking @ s thread approaches (been highly recommended by a few yellow celebrities);
    and me hoping someone will point me in a good direction as far as the psy (in other variables ahead of most)

  2. #162
    There's no such thing as getting rich quickly imo; in different words, the chances are so heavily-stack from you that basically it's not worthwhile. We only need to stop looking for quick fixes and start recognizing that in order to succeed we will need to grind - fail, wake up, fail a little more and once more, ch up over and over again. The same can be for FX trading. If you are looking for the fast fix, you are a loser imo.

    Before thinking about getting rich fast, think about this parable:

    First chop wood
    Then carry water
    Enlightenment.
    Then chop wood
    Carry Water

  3. #163
    Well said moonshot, I believe a lot of people make this error trading in forex demands traders to concentrate more on decreasing trading risk instead of maximizing returns. You may earn decent returns on a monthly basis without needing to trade on high margins.

  4. #164
    Member xw24's Avatar
    39
    Getting wealthy quickly could be a very risky game. When I save risky I suggest the identical way you are able to earn money quickly you're most likely going to lose it quickly. Might it be possible to become rich through forex trading? Surely, but like I just explained it entails a lot of risk. Personally I've bee trading forex for about 2 years now. I wouldn't say that I am a pro, but in the beginning I had my great months and my poor months. For the past year or so that I could say I've had a steady but sure growth. I ceased taking too many risks and that I watched...
    Yes, you can get rich very quickly investing in Forex if all your margin trades shut in winning positions. But for very good reasons, Every Forex trading broker has a disclaimer on risk associated with margin trading. Therefore, it is strongly suggested that a trader be ready to get rid of everything in their trading account, which may not play well in the part of getting wealthy.

    My view is that trading in forex requires traders to concentrate more on reducing trading risk instead of optimizing returns. You can earn decent returns on a monthly basis without needing to trade on high margins.

  5. #165
    Junior Member Oxri's Avatar
    18
    Getting rich could be a very risky game. When I save risky I mean the same manner that you are able to make money fast you're most likely going to lose it fast. Might it be possible to get rich quickly through Currency Market trading? Surely, but like I just said it entails a lot of risk. Personally I have bee trading Currency Market for approximately two decades now. I would not say that I'm a pro, but at the beginning I had my good months and my poor months. For the past year or so I could say that I have had a constant but positive growth. I ceased taking too many risks and I found that I could produce more profit over the future through this method. Taking it a slower more edued pace.

  6. #166
    Should you really work for this and have the ideal mindset you can get their,
    you only have to learn everything from forex first , watch movies , see tutorials, watch egies , examine 1000 egies

    Then stick to a single egy works for youpersonally, if this egy fails 1 day then determine exactly what went wrong and only make gaps to the egy
    and really see why it went wrong , maybe you exchanged on the incorrect time etc.. Therefore it provides you greater winrate

    I trade today for 1 year , I struggled at the start I spent 5500euro , and I dropped 2500euro
    but from the faults that you make you learn 1000times more , you really must analyse what went wrong and adapt your egy
    untill it provides you a winrate where you make profit off.

    I created my account around 120 000euro today

    also a tip : stop use all those dumb useless indiors some People Today use 3000 indiors , no only keep it simple and look daily for this 1 oppurtinity
    where your egy fits into that scenario

    People that faill and create losses , they simply overtrade and use too much indiors and make it too Hard for themself
    even if you trade just 1 period in a week always when you see that 1 item that Provides you large winrate , then stick to this , DONT OVERTRADE

  7. #167
    Junior Member V.L's Avatar
    26
    If you chose to do something you shud first of all like to do it. Not looking into account and discomfort. However, be really curious. To understand how to trade. Make money. Sure its not fast. But when you learnt you can make discent cash, know a lot about market scenario in the world and work where you want I mean another city or country.

  8. #168
    Junior Member mmmery's Avatar
    29
    It's not a fantastic idea that expect to get rich quickly from forex trading, you'd better to begin with little profit and step by step. Forex trading should be a long duration and constant profit should be objective.

  9. #169
    I'm on the exact same boat with you. I currently have a day job making me 3000$/month and I do not have many expenses. Im trying to build a side income. If I were able to get 100$ for 1000$ investment performing unwanted trading per month. I would be satisfied

  10. #170
    YES. But losing can be even quicker. The thing is when I start trading small it generally goes my way (proportionately); and then I go to the big and the rest is history repeating itself.

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