Is forex the best way to get rich quickly ?

[Profwriter]

I have heard about over night billionaires with forex and I belive that it has great potential to make people rich but the risk of loosing is high just as the risk of gaining is also very high. I have also heard about people who lost money through forex, every investment has its risk.
One must be wise and moderate when making investment because any attempt to invest all you have and take the highest risk to gain the highest price, you may end up loosing everything.

 

[Nurudeen]

Truth be told forex trading is very volatile. It can make you rich in seconds and can also make you poor within seconds. The best way to maintain your profit and go higher in this type of investment is just to learn how the market works. Know how to read charts so that you will know when to buy and know when to sell

 

[redpogi16]

No forex, binance or any other trading platform is not the solution for your money problem. If you want to get rich you can hunt a job a do a good job. So basically if you want to get rich trading is not the solution for it but yes you can use trading for extra income but never depend your life on it.

 

[Chumzy]

Forex is the worst solution for a quick rich scheme currently. If you dive into Forex because you want to get rich quickly. Then you will most likely end up disappointed or at the worst broke.

 

[Aniwhyte]

You heard right, but to earn this much or even more in a day you have to be a master in trading. There are people who earn two double of the amount you mentioned above on a daily basis, I would advise you to find a mentor who is very good in trading forex to put you through, don't make sane mistake I made by trading without seeking for help from anyone, in which I eventually lost a lot.

 

[idhans]

Forex, I have heard of how forex makes people rich quickly, is it true.
They said you can even make over ten thousand dollars in the forex market per day depending on the lot size you use, it is said that forex is one of the means of getting rich quickly for the young people and even old people.
Can I get rich quickly trading forex.

You can really make a lot of money from forex if you know how to trade. But forex is risky and to be on the safe side, you need to have at least $1000 in your account before you start trading in order to avoid losses.

 

[Ralphjoe]

Forex trading is not a get-rich-quick scheme. It is an investment scheme whereby you have to trade gradually and make profit little by little. You just can't get Rich quickly trading Forex because that's not how it is design to work. If you want to trade Forex to make profit quickly by placing big trades, you will definitely lose your trading investment

 

[Christopher]

Forex as I know has made people reach. But it depends on how much you invest on it. It help people a lot but some didn't trust it because it's like a lucky game. You most no gain all time, something you may loss

Post automatically merged: Feb 5, 2021

Forex as I know has made people reach. But it depends on how much you invest on it. It help people a lot but some didn't trust it because it's like a lucky game. You most no gain all time, something you may loss

 

[Olamide wealth]

Skilled traders can and do make money in this field. However, like any other occupation or career, success doesn't just happen overnight.

 

[MercySmith]

Watch it when people entice you with get rich quick schemes. The reason so many persons are losing in forex is because they enter into it with the mindset that it is a get rich quick process. Forex is a business that involves proper trading.

 

[Draysongz]

Forex isn't a get rich quick scheme, it's not as simple and easy as it is being portrayed. It requires study and making tough decision.you'll only make !one in forex if you decide to tight study of the crypto market

 

[WhiteHouse]

Yea it is one of the quick way to get money and rich and it is also one of the quickest way to lose money and run losses. Forex is very complex, unstable and very risky, you should thread gently when you trading and you shouldn't look at it as a get rich quick scheme.

 

[Klismannm12]

Forex is a good investment or good Reading platform which can make one to be rich at a very slide also fine all the arab-african system associated with him something that can make you reach within a couple of time can a body mess up your life so you did a discussion not to get your hand last night

 

[Damscooguns73]

Concerning if forex is the best way to get rich quickly. Well, there are ways to getting rich in which forex trading also falls under that category. But as much as an individual can get rich,so is as much as an individual getting poor in forex, so be mindful because so committed suicide due to their heavy lost and debt in it

 

[Gilead]

In my opinion I think forex is actually the fastest way to make riches i.e to be rich quickly but i also believe that it is the fastest way to be poor as well. You just have to be careful and trade responsibly and not be greedy in other for you not to lose everything all because you want to gain everything

 

[abubakar3141]

If you are a hedge fund with deep pockets or an extraordinarily skilled currency trader, Forex trading can make you wealthy. But rather than being a straightforward path to riches, forex trading can be a rocky road to tremendous losses and possible penury for the average retail trader.

 

[Ub40]

Forex can actually make someone become very rich. But remember that there is no business both online and offline that does not have its ups and downs. You have to know all the basic steps to follow to trade forex successfully. You have to know how to study trends, know about price movements, know when to buy and when to sell. And so many other things. I would advise you to do more research before going into it. That is my take. Good luck!

 

[DareIsrael]

Forex is not a get rich quick scheme. It is not. Can you get rich quick with forex? Certainly. But if you enter with that mind set, you will start put unnecessary emotions in your trade and it will turn to a get-poor-quick process for you.

 

[Halexcity]

Forex trade is not a get rich quickly scheme in which you put money and get rich instantly. Its possible some get rich or wealthy through forex but it requires sacrifice and patience. And you have to bear it in mind that loss will surely come in forex but it depends on how professional you are in trading.

 

[Kingsley]

Forex trading is trading in foreign currencies. Trading as we all know is about buying and selling of goods and services. So there is no special miracle in trading forex because in business you either make profit or a loss. Forex trading is not a shortcut to quick wealth.