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

  1. #1
    Junior Member saranox's Avatar
    22

    Can you get rich quickly from forex trading?

    Would you get rich from Foreign Exchange trading ?

    if not ?
    Why not simply do the job generally
    or if there's capital ,why not invest your funds in mutual funds, or leave it to fund managers or anything like that ,

    or on another hand if you make 10% profit from a year in trading
    do not bother trading independently / does not need to work hard alone
    leave it to fund managers or mutual funds you'll get over it
    using a smaller risk than the handle


    THX for your remarks / engagement / input ,
    S.C.

  2. #2
    Could you get rich fast from forex trading ?
    If that's your goal, then you'll be a loser ...

    Forex needs experience, patience and discipline.

  3. #3
    I have been working the last ten years to become an overnight success... (paraphrased!)

    I believe this sums it up pretty well. Most 'wealthy' or 'effective' traders - however you wish to define it, have been working at this for quite a while, and we just hear about them once they become effective - if it be by simply reading about them, watching them on a TV program, biopics... whatever the medium is, and suddenly they are this overnight sensation.

    I always maintain it's easy to earn money - it's the keeping it that's the hard part!

  4. #4
    Rich in forex trading requires not a procedure. We will need to be patient to find rich in forex because it's rich in forex isn't simple given the risk is very significant. For the wealthy in forex afterward we require a lot of skill and a good trading plogy

  5. #5
    I already exchange for nearly two year and still not get rich yet. LoL.... But I am happy I earn a living from here
    It's the most essential.

  6. #6
    Junior Member V.L's Avatar
    26
    Can you get rich from forex trading? Yes.

    Can it be easy? Probably not.

    Why not invest in a fund rather than trading?

    When you exchange in your own, its up to you how much you earn (well, also is dependent upon the market as when theres no volatility theres no trading possible)

    individuals that are trading try to make more than 10% per Year. Some succeed, many fail.

  7. #7
    quote In the event 1:4 you mean that the TP = 4 x the SL (Van Tharp would call that 4:1) following costs, then you would require a phenomenal entry system to provide a 75% win rate. By means of comparison, only using random entries, accomplishing 1:4 RR would mean 1 triumph for each four losses, or a win rate of 20 percent. Then factoring in costs would likely lower this to ~ 15%, if you are scalping. Risking 50 percent of your account means that 2 successive losses will cause ruin. Using Excel's binomial formulae, the probability of ruin is therefore 0.999999248562504, or, in other words,...
    not positive if you are serious or not about that penis on FF
    guessing sarcasm

    however 1:4 R/R is right... 4:1 would be saying it backward

    its not reward/risk,
    its risk/reward

    Boost it to $225 plus it only requires 5 net winners for to over $100,000

    $450 (risk $225) -- trade #1 = profit 900
    $1350 (risk $675) -- trade #2 = profit $2700
    $4050 (risk $2025) -- trade #3 = profit $8100
    $12000 (risk $6000) -- trade #4 = profit $24000
    $36000 (risk $18000) -- trade #5 = profit $72000

    total = $108,000

    the majority in this thread aren't trying the 1:4 r/r though, 1:2 is a lot simpler and still provides great yields.


    I agree its tough to get 1:4 transactions, but if patient, getting 1 per month is not too difficult. Use those time frames.

    Stop reduction 50, take profit 200... I receive that trade to workout for me all the time.


    Edit: sorry I thought this was my thread Rags to Riches in 10 or even 20 transactions... so if you dont understand parts of this article that is probably why

  8. #8
    Junior Member Hugo_canch's Avatar
    16
    Consistent profit and patience, and consistency on your trading egy, I believe you can.
    ....

    But of course, you need to be ready losing money at first.... All your capital. .

  9. #9
    Junior Member Izan's Avatar
    19
    It's a wrong approach! That, there's nothing like shortcut way of success in each field such as Forex! Basically, Forex trading industry is one of the smartest profession! So, new traders will need to begin this trading profession with learning approach! I started my trading with presentation and I used this account for one year, I open my dwell manner!

  10. #10
    Junior Member edu333's Avatar
    26
    I believe there is nothing word in Forex as success. Not Forex in the present world there's absolutely no chance which can make you quickly. Who are willing to achieve success very rapidly from this market place , they cannot find out this market and become a loser after passing time. For the reason 90 percent traders are failure.

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