Skilled traders can and do make money in this field. However, like any other occupation or career, success doesn't just happen overnight. ... The truth is that even expert traders with years of experience still encounter periodic losses.
Is forex the best way to get rich quickly ?
- Thread starter Blue house
- Start date
No, l will say forex trading is not meant for quick riches. Because many people have this in mind, they end up taking uncontrolled risks and when they lose, they start regretting ever joining forex trading. For you to make it through forex trading, you have master the strategies involved, after there, you now start investing what you can afford to lose and gradually you will become rich through it.
Getting rich quickly is an offense. That’s why many persons loss their capital in forex. There’s no shortcut to riches. It’s best to take your time to learn strategies and techniques and their application. Sometimes you loose and sometimes you gain. We still keep trading.
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Any exchange rates isn't a way to get rich easily (it is just a way for really careful people to get rich slowly), because foreign exchange requires time (i.e., it has long-term investments). If you are lucky, then you may get rich if you start at a good and right period. You also might be rich if you are in the right economy. We watched a reality show where a number of people have become millionaires by selling foreign exchange. You just have to wait until the time is perfect.
Forex is not a get quick rich scheme, for you to make profit in forex, you must be very patient, you must have a very good signal even at that maybe you will be making 10 to 20% on each trade and you will still lose one or two trades.
You invest in forex it doesn't mean you will be rich instantly because in forex you need to wait. It is a long term investment. It would take some time but you can also earn with indefinite time. But it is rare. For me if you want to get rich in long term invest bitcoin.
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Nooooooo forex is not a get rich quick scheme. Although you can make consistent profit in forex if you master it. Mastering forex takes time and alot of practice but in the long run you would make consistent profit if tou know what you're doing.
Do not think so that you can rich quickly at Forex by Forext trading. It can give you shocks very quickly, because it is full of risk, you have to know and learn about forex before going in to it. People lost their everything in just once so be careful about Forex
No foreign exchange isn't a way to get rich quickly because one has to make long term investments and be patient although all depends on your timing. If you are lucky and you start at a good and right time then you might get rich quickly, it also depends on the economy. A lot of people have gotten rich through trading foreign exchange though. You just have to be patient.
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The Forex business is incredibly lucrative, with the ability to multiply investors from their initial investment a hundredfold instantly. Unlike the equity market, in which the value of your stock just rises as the stock price increases, in forex trading (forex) you will enjoy making a profit regardless of whether your currency is going up or down.
Well I think you can make money in Forex trading, I mean cool cash if you know what your actually doing in fx, but I tell you Forex is not a get Rich quick skeem no. You save money from forex little by little if you are serious over it, you can make some money not like becoming a millionaire over night
To become rich in forex requires a lot,you need to have a good substantial volume of income to be able to withstand the fluctuation of the market when it goes against you.you need to have a good trading skills as well and be patient as well,because making it through forex will not happen overnight.
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With a little bit of luck, i think you can get rich quickly when you engage in forex trading business and it depends on how you trade and the total amount used to trade with the outcome(successful or unsuccessful). But it is very risky business.
You are absolutely right in your publication, it is very important the capital that is available to invest in Forex, and the skills must be very high, not just anyone enters and leaves with profits, you must have a lot of knowledge well established and patience can not miss
Forex trading isn't a get rich quick scheme. You can make up to 10k dollars a day through forex trading, no doubt. But it isn't something you just rushing with such mindset, you need to learn, study the market for sometime, then consider yourself to earn meaningfully through forex trading.
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Forex is one of the best ways to get rich when you are familiar with it, you can make a huge amount of money trading the forex market. But if you are still a learner don't take it as a get rich quick scheme.
Of course you can get rich by trading with forex trading but you will need experience for this.If you have some experience of trading and you can see all the aspects of it.There is no doubt that if you work with it with hard work then you can become rich very soon.
Its not the perfect way to get rich quickly and many have gone poor investing in forex ,so be very careful when investing and take note of the price movement , there are other method to get rich
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Well, someone maybe succeeds, but for me, instead not!
You see I've already tryied with Forex, just 10€ I bet on one, among the many Forex-website.
The result? And then, I lost immediately on the first try!!
You see I've already tryied with Forex, just 10€ I bet on one, among the many Forex-website.
The result? And then, I lost immediately on the first try!!
I understand how you feel and i wish you would have still study it more because you don't just invest in fire ,without studying it and know how it worksWell, someone maybe succeeds, but for me, instead not!
You see I've already tryied with Forex, just 10€ I bet on one, among the many Forex-website.
The result? And then, I lost immediately on the first try!!
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