Is forex trading a get rich quick business?

[sindarin]

From what i see, there are many traders that still have thought that Forex Trading is an online business that make many people that come out from Forex want to start trade in forex. But in the end, because of that thing Traders will lose their money so fast.

 

[monyitomon]

We must really think that Forex trading is a business, but we should not think that it's an easy way to earn money in this kind of business, so just like in business in offline you need to put your dedication and can't expect that your business will boom in a short period of time, you must be patient.

 

[riddick09]

Yes, we should be serious enough about it. Because, just accumulating good capital will be a hindrance already. Yet, we should have also invest not only the money but also our time and effort to learn Forex trading. So, if we don't think take it seriously as business then, we are just wasting and that's not beneficial.

 

[monyitomon]

A person who wants to be successful will surely put his time and effort learning more about the business. In Forex trading learning never stops especially if we are beginning our journey it's important that we are putting our hard work. Gathering information and experiencing more things.

 

[Cutiekc]

No, by all means no. Forex trading is not a get-rich quick business. No one became a millionaire trading forex overnight. It's hard work, people have spent years of their life mastering the trade and making their own methods of trading just to be profitable in the forex market.

Thats it,even when become rich all of a sudden and it becomes to be cause he or she is a trader that does not mean that it is easier because they must have been practising indoors and facing some hard times before succeding,which is to say that nothing good comes easier we must pay the price before achieving it.

 

[monyitomon]

Also the harsh experiences because sometimes it's the only way for us to learn. Just like when we are kid that no matter how our mother tells that never touch a fire, some children still does because the only way for us to learn is to experience it. So, it will never be a lottery like that you will won the jackpot, it's a process where you have to take it step by step.

 

[UMOFX IB]

Yes people had his misconception that forex is get rich quick way. In real the situation is different. We can earn good amount from forex after spending much time and practice in it. When we will be able to manage our balance and do trade at right time with right way. Quick earning is not here for every one as they join forex. With experience amount which we inc=vest also count to get good profit.

 

[eddiej]

Thats it,even when become rich all of a sudden and it becomes to be cause he or she is a trader that does not mean that it is easier because they must have been practising indoors and facing some hard times before succeding,which is to say that nothing good comes easier we must pay the price before achieving it.

Thank you for agreeing with me. I do agree with your statement too, nothing good comes easy indeed.

 

[sindarin]

Yes people had his misconception that forex is get rich quick way. In real the situation is different. We can earn good amount from forex after spending much time and practice in it. When we will be able to manage our balance and do trade at right time with right way. Quick earning is not here for every one as they join forex. With experience amount which we inc=vest also count to get good profit.

To earn decent earning people need to practice more, and put a lot of effort from it. I know that earning well in forex every week or even month is a dream for all traders around the world. But usually this misconcept become so much annoying, since many of them(newbie) just jump into trading and then gain loss.

 

[riddick09]

What they need to practice is to learn their trading strategy to be used and to become familiar in the market. About the effort then, we need extend our patience and spend more time to have decent trading capital and learn our trading plans. Well, our dream in Forex will really to have earn money or profits which will satisfy our needs or financially.

 

[PROPENSITY100]

Yes people had his misconception that forex is get rich quick way. In real the situation is different. We can earn good amount from forex after spending much time and practice in it. When we will be able to manage our balance and do trade at right time with right way. Quick earning is not here for every one as they join forex. With experience amount which we inc=vest also count to get good profit.

Forex is a money making machine for the people who make efforts to learn and practice it and who have control over their emotions and are disciplined.

On the other hand Forex is also a money destroying machine for the lazy or greedy people. People who consider Forex easy and want to make money in it without making any efforts usually witness severe loses in Forex trading.

 

[riddick09]

Literally, we must have to be an experienced and disciplined trader in order to be capable or trading in the market. Basic knowledge will not going to useful in real trading but good for starting in the practice trading so, while building up our strategy we will gain there experience and try to become a good trader.

 

[budado]

If I have 100,000 dollars right now I can say I can earn 10,000 to 30,000 dollars a month. But since I only have 500 dollars right now so I end up earning just 50 to 150 dollars a month. So far I'm trying my best to reach a point in which I can have 10,000 dollars trading capital. this is the first step to reach my dream 100,000 dollars trading capital.

 

[ryuken]

I am not sure how people think it is posible to earn quickly and make more money. I am sure that people who do such desperate thinking end up having some less money on their side and that is simply a not a good way for them. i jus tthink that you have to be very patience with forex.

 

[budado]

I am not sure how people think it is posible to earn quickly and make more money. I am sure that people who do such desperate thinking end up having some less money on their side and that is simply a not a good way for them. i jus tthink that you have to be very patience with forex.

Its only possible if you do your best to make it a reality. A person who doubts his ability to achieve something will achieve nothing. I have once tripled my capital in just one week. Its only happen once in my more than a year trading. But just imagine if I can repeat the same experience each week. Then I can triple my trading capital each week.

 

[riddick09]

And of course, our interest and determination will drive to make our success or even become profitable trader. That means that they are lack of confidence just like those who are newbies that have lack of knowledge and experience. But sooner, if they are really for trading and see their skills will be good in Forex, they are going to be confident and patient in their trades.

 

[eddiej]

If I have 100,000 dollars right now I can say I can earn 10,000 to 30,000 dollars a month. But since I only have 500 dollars right now so I end up earning just 50 to 150 dollars a month. So far I'm trying my best to reach a point in which I can have 10,000 dollars trading capital. this is the first step to reach my dream 100,000 dollars trading capital.

I feel you man. I'm staying consitent with my trades, I just need that capital to make more money. How much leverage do you use by the way?

 

[chintu]

In my opinion we should never consider forex as the get rich business because we all know the risk involved in forex that is really very high and with that risk trading is really difficult . There are many traders who due to lack of knowledge lost every thing . so we should be careful with forex .

 

[Cutiekc]

Failure comes when we are in hurry to achieve sucess there,we will meet so manyobstacles and also might loss huge funds,thats why i will advise and newbie here not to be in a hurry.but take forex trading slow and steady because slow and steady wins the race,forex trading has so many things one needs to comprehend before being sure of fast success.

 

[budado]

In my opinion we should never consider forex as the get rich business because we all know the risk involved in forex that is really very high and with that risk trading is really difficult . There are many traders who due to lack of knowledge lost every thing . so we should be careful with forex .

That's why risk takers always get the most beautiful girl in town. We will never going to achieve any thing in forex if we are not going to push ourselves to the limit. Although I know we must also learn to understand that the risk we take can make us earn or loss money. But we must make sure that if we really want to earn big in forex we need to take higher risk.