Can you get rich by trading forex?

[mansuriabubakar7474]

Yes, if you lack patience, it is hard to make money from trading in the long run. Profitable possibilities do not arise every day; occasionally, I have to wait weeks before receiving a nice trade with a favorable risk-reward ratio and an obviously irrational market response.

 

[J. Kobra]

If you dream about being rich overnight, you will collapse soon. But it’s okay if you have a long-term plan.

 

[Oscar_0]

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

I think getting rich through any type of trading or technique is nothing but a misconception.

 

[Hudson_]

How come it is possible? I have been trading forex for long three years and yet to reach the level of mediocre.

 

[Richard0]

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

I don’t think I can be rich so quickly because Forex taught me the harsh reality of the market.

 

[saniich68]

Is trading in forex is safe ??? can i know more about this ??