Is forex trading a get rich quick business?

[monyitomon]

Right now it's like a dream for me to get rich in Forex trading, because I have a realistic goal that fits with my level in Forex trading because when we can earn some profits from our Forex trading then for sure we will be happy about that.

 

[Syrine22]

Infact to me getting rich overniit is a mindset of a greedy trader.Any trader that wants to be successful in forex must get to know that forex success isn't just a day's job.it requires alot at every point of time.

 

[Alf]

Definitely Forex trading is not a get rich quick business. Maybe someone who already have huge capital to trade and is very skilled can achieve quick and massive profits, but for the most of us trading is quite a difficult task.

 

[budado]

Its hard to get quick money in forex but its easy to loss money in forex so I don't think its quick money. I think its better that we spend more time trading in demo account first before we even decided to start trading in real account. One thing I'm sure right now its going to take few months of training before we even feel the profit.

 

[monyitomon]

Infact to me getting rich overniit is a mindset of a greedy trader.Any trader that wants to be successful in forex must get to know that forex success isn't just a day's job.it requires alot at every point of time.

It requires a good planning if you want to become rich in Forex trading, so if you starting with a small capital in here you should keep compounding in here so that you can have a chance to earn more good profits in here once you have a large sum of capital.

 

[Tirus]

I think the reason why some people prefer to trade with low funds is the fact that its not easy to accumulate a lot of capital especially if you are going to depend on forums. Because of the need to make money traders end up trading with the funds they received from forex forums for example to trade with no matter how small. Its better though to accumulate and take your time to get enough funds.

 

[Achiever2015]

A very good money could be made in a very short time in forex trading when proper analysis (both market and risk analysis) is carried out, and such stories abound. However, this does not make forex a get-rich quick investment. Whoever goes into forex with this thinking may get poor quick than thought.

 

[riddick09]

This can be done in you are in day trading or scalping. There's no chance that a trader can make one time trade to have earn huge profits. And it is not also a way to easily become rich if that is then, everyone have tried on it a long time ago and proudly making profits easily but it's not.

 

[Syrine22]

I stand to say thinking of getting rich quick should only be in a trader's wildest imagination meaning anything of such would never be happening quickly.we must get to know it would be a gradual process.

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I stand to say thinking of getting rich quick should only be in a trader's wildest imagination meaning anything of such would never be happening quickly.we must get to know it would be a gradual process.

 

[Cutiekc]

Forex trading can never be aget rich quick business because i have seen so many traders who are unable to achieve their goals even after months of trading because forex trading requires patience as well as hard working and one is advised to first learn and learning takes months.

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Forex trading can never be aget rich quick business because i have seen so many traders who are unable to achieve their goals even after months of trading because forex trading requires patience as well as hard working and one is advised to first learn and learning takes months.

 

[nasim39]

Forex is risky and profitble business.make money in forex market.at frist make teachnical analysis,fandamental analysis,sentimantal analysis.2nd follow forex market ruls and forex education.see all new news in forex market and know currency price then you open trade and make money easy le.

 

[Tirus]

Forex trading can never be aget rich quick business because i have seen so many traders who are unable to achieve their goals even after months of trading because forex trading requires patience as well as hard working and one is advised to first learn and learning takes months.

You are quite right because if you are looking to get rich quick in forex then it means that you would have to go into it with very little knowledge. If those people have been trading for a long time already and have not been successful while still learning, what about someone who tries to make a quick buck in a short period of time?

 

[Cutiekc]

You are quite right because if you are looking to get rich quick in forex then it means that you would have to go into it with very little knowledge. If those people have been trading for a long time already and have not been successful while still learning, what about someone who tries to make a quick buck in a short period of time?

Yeah thats right even with no knowledge one can make money from an easy money making program such as hyips that we don't need to have much knowledge just go ahead and invest in good programs and withdraw our earnings,but forex trading isn't that way it requires more than that.

 

[budado]

Even if you double your money in one week it does not mean you can double your money each week. So I don't think its going to be a quick rich way to earn money. I do hope that I can be a successful forex trader but I really don't know if I can end up making good profit. In the end its just not going to work at all.

 

[Cutiekc]

Even if you double your money in one week it does not mean you can double your money each week. So I don't think its going to be a quick rich way to earn money. I do hope that I can be a successful forex trader but I really don't know if I can end up making good profit. In the end its just not going to work at all.

But,using a good strategy will earn us pofit continously,though the profits are not being expected to be on a certain amount,well,forex trading is not a get rich quick business but we can be rich by the help of the business.

 

[Taha Nizam]

Absolutely Currency dealing is not a make money fast business. Maybe someone who already have large investment to business and is very experienced can accomplish fast and large earnings, but for the most of us dealing is quite a trial.

 

[Cutiekc]

Absolutely Currency dealing is not a make money fast business. Maybe someone who already have large investment to business and is very experienced can accomplish fast and large earnings, but for the most of us dealing is quite a trial.

Sure thats also where i am point at,it can anly become a get rich quick business if we have exprience and also big investment the possibly it will be a get rich qick business for us,meaning that at the initial stage it can never be a get rich quick business.

 

[Taha Nizam]

Its hard to get fast cash in currency dealing but its easy to loss cash in currency dealing so I don't think its fast cash. I think its better that we take more time dealing in trial consideration first before we even decided to start dealing in real consideration.

 

[algoa bay]

I definitely agree that forex trading is NOT a get rich quick program! The risk involved (losing your investment) implies that you must know what you are doing, and it takes a lot of practice on a demo account to prove to yourself that you know what you are doing before risking money on a live trading account.

 

[hadg33]

Yea,it is not a get rich quick business,it takes a lot for trader to be a forex guru,being a forex guru doesn't mean he wouldn't be loosing in forex,the way i understand this forex,it seems there is a bit of luck in it 'cos when trading it is all about anticipating on what would happen to a particular pair,so to me i think forex trading is not a get rich quick business