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

  1. #181
    Junior Member MoktseWixxy's Avatar
    25
    Why do some ppl say that it's far more likely to get bad than becoming rich?
    Aren't the chances 50 percent - 50%? Prices can simply move into 2 directions, among which is a winner

  2. #182
    rich in forex isn't easy, for the rich in forex then we will need to understand and practice many trading well. Full of forex is not easy and needs to be a process and therefore we must use the time to master and practice trading using good
    So where is the difference to getting rich in any other action?
    The truth is, people who need to ask if something is possible rather than using a calculator to assess what they really need to attain their target are most likely to neglect. It is natural selection.

    Oh incidentally. A buddy of mine makes decent money as a window cleaner. Some may wonder how that's possible. Well, he concentrates on solar panels and is therefore able to bill greater than his competition. I am mentioning that because the question is very broadly defined. It is possible to earn quite a lot of cash in a rather short period of time (using a bit of expertise of course) however it is extremely unlikely to reach that goal using a system which provides you 1 or 2 transactions each week.

  3. #183
    Junior Member snergle's Avatar
    26
    I think the best option, if you want a real estate income from forex! Do trading which could cover your requirements for a single month, and could be put aside for a bit of economies, trading for living? my be :lol

  4. #184
    This is only one of the reasons that we have more than 95% losers in Foreign Exchange market.
    Is your situation so gloomy? Had been trading for the past 10 years using 10 to 20% profit each year except losing 20% one year.
    I'm not be a short-term fx trader like the majority of you, I'm more like a currency investor trading using 5 to 15 days leverage. Did well shorting yen during the past 2 years

  5. #185
    quote I agree. The only way I find that occurring, particularly for newbies, is pure luck, and one cannot depend on luck.
    surely. Counting for luck and FX itself are non harmonious things, in the Event That You simply not wish to blow off your account

  6. #186
    Junior Member bouvier_'s Avatar
    10
    I believe the writer still has a wrong viewpoint about forex. I mean Forex is a organization. Hard blood business.

  7. #187
    Yep. You can wipe out your account quickly too.

    If anybody wants rich get by FX trading, here are helpful tips that any trader can gain from.

    1. Your very first task as a trader is to make sure to manage your funds risk (lot sizing) and transaction risk (cutting reductions) so you won't stretch your losses if it is too late. Your next task is to maximize profits (set-and-forget, price action swing trading)

    2. When you lose, lose a little. When you win, win big. This is the trading mindset. Have the mental fortitude to hold on to this idea.

    3. The market will tell you exactly what's in its own collective head via price action.

  8. #188
    Junior Member Katalishax's Avatar
    21
    YES, you CAN get rich fast in Forex Trading, margin trading is just one of the best egies to become rich quickly. However, I can practically assure you that this will happen if your sole purpose is to become rich quickly. That is because if you visit the market with that mindset, you're likely going to drop everything. In other words, while it's important to set profit goals, risk management is even more important, and this also involves alloing your transactions 1%-3% risk vulnerability. Whenever you do this, it will be a slow, but more realistic manner...
    Good point. Agree.

  9. #189
    Full of Foreign Exchange isn't simple, for the wealthy in Foreign Exchange then we will need to learn and practice several trading well. Full of Foreign Exchange is not easy and needs to be a procedure and therefore we ought to use the opportunity to learn and practice trading with good

  10. #190
    Junior Member ABarralesL's Avatar
    22
    Trading is a marathon and not a sprint. Many people forget this!

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