Can you get rich by trading forex?

stoch

Active Member
#11
yeah it is impossible to earn money from trading in the long run if you can't be patient. Profitable opportunities do not come every day sometimes I'm on hold for weeks to get a nice trade with good risk-reward ratio and obvious irrational market reaction.
 
#14
In the same way it is possible to grow wealth by being a lawyer, doctor or business owner. All require years of education, experience and hard work. Approaching forex thinking about money invariably results in losing money.
 
#15
I guess can be a good return on investment however first start investing in your self by learning how the trading process works and what are the skills which can bring such returns out of the market.
 

stoch

Active Member
#16
Let us forget getting rich with forex trading, can one get a 3/4 pct return p.m. on a small capital say around 5L??
Yeah why not, the less is target for return the less risk you should expect. I trade 0.1 lot and never exceed it despite temptation to do that especially when I see "high-probability" trades lol
 
#17
I have a mixed opinion...If you have proper focus and dedication then you will get rich in a long run but if you lack any of the then you will loose your money.
 

stoch

Active Member
#18
I have a mixed opinion...If you have proper focus and dedication then you will get rich in a long run but if you lack any of the then you will loose your money.
It means that key to success is patience. If you give up after a couple of losing days, weeks or months you basically waste your valuable experience that you could use to improve your trading system and trade better
 

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