How often does forex trading make people millionaire?

[Nurudeen]

Forex trading isn't that profitable as some people will make you to believe. A lot of people are losing their hard earned money in the trading PLATFORM and it's even safe to say those who teach people how to trade forex makes money from teaching than trading forex itself.

 

[Sotherefore]

You can actually make money from trading forex but you must understand that for you to make a reasonable amount of money that you are looking for such as million then you must be ready to persevere and be patient enough to gather your earning,before you really go so deep in forex trading you must have an expert that will guide you through if not you might not attend the level of making millions from it. And also for you to make millions from it worth $2000

 

[Heatman]

Forex trading isn't that profitable as some people will make you to believe. A lot of people are losing their hard earned money in the trading PLATFORM and it's even safe to say those who teach people how to trade forex makes money from teaching than trading forex itself.

When people venture into what they don't really have all the necessary skills and experience required for them to become a successful trader in forex, they are bound to lose whatever they invested in the market. I'm sure that you have heard about Swissquote? If you haven't, look them up and see how good they are in forex trading.

 

[Alexandoy]

This thread is like a guessing game because we all know that there are people who got rich in the casino, there are millionaires in the stock exchange and there forex traders who hit the jackpot. But they are rare because I think luck played a big role. I don't think trading is really more of the skills although a skillful trader can avoid unnecessary losses so the profitability of the trading can be his livelihood. But to make it big I do not think that mere skills can make you rich.

 

[Khezo]

There is a saying ot general consensus that forex trading is a great way to earn. I have heard but I haven't seen how forex trading made anyone a millionaire.
I am not denying that forex doesn't make someone rich, what I want to know right now before I go into forex trading, how often does forex trading make someone a millionaire because That's my objective to join forex trading.

It all depends on how well you can interpret the forex markets. The trends, support&resistance,candle sticks and your trading pattern. Note, if you having master forex trading well enough, you would lose your hard earned money

 

[Erik4150]

Becoming a millionaire through forex depends on a few key factors like your skill and how much money you trade everyday. Many forex trading experts are indeed millionaires today but it doesn't happen very often because not everyone is an expert in forex.

 

[Heatman]

It all depends on how well you can interpret the forex markets. The trends, support&resistance,candle sticks and your trading pattern. Note, if you having master forex trading well enough, you would lose your hard earned money

Without knowing how you exploit forex market, you can never succeed in the business. I have come across some people who are into binary trading which is gambling in essence claiming they expert in forex trading but they are not.

 

[Damscooguns73]

Concerning how long it takes to make an individual a millionaire. I can really say but it pretty visible if only you learn the basic, skills and knowledge from a top expert forex trader who has been into the business over years

 

[Dowenship]

There is a saying ot general consensus that forex trading is a great way to earn. I have heard but I haven't seen how forex trading made anyone a millionaire.
I am not denying that forex doesn't make someone rich, what I want to know right now before I go into forex trading, how often does forex trading make someone a millionaire because That's my objective to join forex trading.

I will advise you to change that perspective/ ur objection because even record says that 95% make money in forex, now calcuate how many traders are on forex, so your reason of joining forex can become a millionare can be a myth if your aim is based on its money making...

 

[Sanusi]

Forex can make a person a millionaire within three to four month that is if the person knows what he is doing,in my opinion the person needs to have a good managerial skill like money management so he needs to manage his money well in other words he needs to know the time to trade and be able to know when there is non farm payroll arise through that process he is a millionaire

 

[Bilal0087]

There is a saying ot general consensus that forex trading is a great way to earn. I have heard but I haven't seen how forex trading made anyone a millionaire.
I am not denying that forex doesn't make someone rich, what I want to know right now before I go into forex trading, how often does forex trading make someone a millionaire because That's my objective to join forex trading.

There is a very rare chance that a person become Millionaire by using Forex trading.
According to my opinion only full experienced and intelligent person can become successful in Forex trading because it is highly risky and often leading to the losses.

 

[Ojonuyo]

Forex all by it self does not make people millionaire. You know why? Hardwork is the key to success. If you do not work, acquire required knowledge, and set strategy then forex trading cannot make you rich. You need to work yourself to become a millionaire through forex.

 

[Nicklas22]

But you have to know it is not easy like you see on the internet advertising and TV.

It depends on how much money you start trading.

If you start with $5,000 and make 10% of your capital each month, yes, you will be a millionaire after 5 or 6 years. Just 10% of your capital each month can make you a millionaire.

And if you start with $100K you will be in 2 years. You can’t do that in any other industry.

 

[Suba]

There is a saying ot general consensus that forex trading is a great way to earn. I have heard but I haven't seen how forex trading made anyone a millionaire.
I am not denying that forex doesn't make someone rich, what I want to know right now before I go into forex trading, how often does forex trading make someone a millionaire because That's my objective to join forex trading.

Of course forex trading is a great way to earn for people who are armed with knowledge, skills and experience, and people have to learn and learn about forex which takes 1 year to 3 years, if you want to know you should open our forex forum, and read threads and comments. If you want to make forex trading your main job or trading for living, you should have a role model that becomes your role model, like Kim Komprass etc.

 

[Goodday]

There is a saying ot general consensus that forex trading is a great way to earn. I have heard but I haven't seen how forex trading made anyone a millionaire.
I am not denying that forex doesn't make someone rich, what I want to know right now before I go into forex trading, how often does forex trading make someone a millionaire because That's my objective to join forex trading.

Forex trading requires knowledge and experience for better understanding, so it is advisable to always learn the basics of every business before starting to experiment with your money and time. Forex trading do make people millionaire but only those that are serious and focused.

 

[Chumzy]

As often as there are dedicated traders, then it can make more people millionaires. Most trader think it is a quick rich scheme, and that is the first mis conception. Forex is not a quick rich scheme and one should not be fooled into thinking it is.

 

[GIFTMICHAEL]

Forex is capable of making someone a millionaire.
There are so many people that only investing in forex trade has made them what they are today.
When you invest with huge amount of money definitely you are going to make more money.
The one who invested in Bitcoin with 6 million dollars made a profit of 2 million dollars.

 

[Klashlly]

Forex trading make people millionaire?​

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

 

[Tiwa]

No matter how much is propagated that forex can make one a milionaire in a jiffy, the rate at which it does is definitely low compare to the rate it makes one poorer. Lets say out of every 10 people that invest or trade forex, only a maximum of 3 people gain while the rest suffer loses. Forex is a very high risk trade and people should stop thinking they can just know how to do some reading and thats it they go into it.

 

[Blue house]

Well, the easiest way Forex could make one a millionaire is to invest in a reputable Forex trading company and not trade yourself. This way you are guaranteed on returns on investment of about 30% monthly. The company also takes the risk. This helps you from losing money when you trade on your own.

Well I agree and disagree, if you invest with a company and they suffer a massive loss, their won't be a way for them to pay you your R.O.I(return of investment) and if they can cannot come back from the loss then you also have also suffer from a great loss, the best way not to suffer from loss in forex is to learn and master the skills of training, then practise with a demo account to find a strategy that suits you.