Can you get rich by trading forex?

[Aerogenesis]

Absolutely, it can be a rocky road indeed but with the right risk management, skill and experience and patience. You can be rich.

 

[Zygosis]

Yes, trading forex can make you rich, but it requires a significant amount of time, effort, and patience. It is also contingent on your trading efficiency. For that, you'll need the right skills, expertise, and a lot of commitment.

 

[antwanmcdonough]

Yes, if you are smart enough to forecast the market correctly, you will definitely get rich.

Just be aware of some very important things,to minimise your risk and earn decent returns:
1. Always make a good plan before you trade. 2. Never trade on the “tips'' that you get from those so-called gurus or tipsters. 3. Don’t do your trades with borrowed money 4. Have proper money management. 5. Don’t trade if you feel nervous or are tired. 6. Never trade with the money that you need very soon.

 

[Hoper]

It must be understood that few people become rich in Forex.

 

[Pinking]

Yes, forex trading can make you rich, but you'll need to put in a lot of effort and place a greater emphasis on learning than on results. Because of greed, the majority of forex traders lose money. The extent to which you can go is also determined by your trading methods and experience.

 

[TerenceDavi]

Yes, it is possible to get rich by trading forex. In fact, many retail forex traders have been able to do well with their trading skills, their hard work and a bit of luck. A small minority of traders, however, are able to make profits.

 

[Hoper]

You are contradicting yourself. First write about the fact that many have been able to succeed in the forex market, and in the next write about how not many have been able to make a profit.

 

[Psychomancy]

Getting rich off trading forex is not as easy as most people think. Trading currencies is one way to generate a lot of money, but it's easy to lose a lot of money as well. Start trading with money you can afford to lose and learn everything you can while you are in the process. By taking the time to master the art of currency trading, you can make a lot of profits in the long run.

 

[Manometer]

Well, getting rich with forex trading is not as easy as it sounds. There is a lot of hard work that needs to be put in along with your money to be a decent trader in forex. Getting rich overnight is not a possibility. Continuous learning and efforts to develop your skills can help you grow slowly but surely over time.

 

[Pediment]

Yes, it can be a bumpy path, but with the correct risk management, talent and experience, and patience, it can be overcome. You can get wealthy.

 

[Walter]

I think you can become rich by Forex trading only if you create your own strategy and backtest as well ...

 

[Tempera]

Yes, forex trading may make you wealthy, but you'll need to put in a lot of effort and place a greater emphasis on learning than on outcomes. Because of greed, the majority of forex traders lose money. The extent to which you may go is also determined by your trading methods and experience.

 

[WilliKnete]

When u can make Stable 0,7% daily Profit, and make this for 10 years with patience, then yes you can get rich this way.

 

[Genetrix]

Yes. You can get rich by making consistent profits from forex trading.
But, this requires time. Forex trading is not a get-rich-overnight lottery. Neither is gambling. A trader takes years to develop their trading skills, risk management, and analytical powers. Only then, consistent trading would result in more profits than loss, and therefore in the build-up of wealth.

 

[Hoper]

Units get richer in the forex market. Very few people actually make money from trading. This must be understood, and not lived in an illusion.

 

[gigi]

As long as you have a good strategy that works minimum 80% everytime when taking a trade.

 

[Bane]

You can only if you figure out a method that works with the strategy and matches the trend to make profit returns. Calculate a risk reward ratio and apply it. If you follow a strong plan, your chances of receiving will increase, for sure. In time, yes hoping you maintain discipline and patience.

 

[Diagraph]

The journey to get rich by forex trading is difficult and long, but definitely not impossible. Because many people have traded forex for years and have become financially independent out of it.

 

[Hoper]

I would not say that many have become financially independent thanks to forex. The vast majority of people lose money in the forex market. Therefore, it is probably not correct to say that many earn on Forex. The minority makes money.

 

[Multisulcate]

Getting rich in forex is everyone’s dream, but only those who have the ‘forex trading factor’ are capable of getting rich. Others lose and eventually leave the forex world.