Is forex trading a get rich quick business?

[kasual]

yes, forex is not place where we can become success in short period of time. we involve in this business with no knowledge and then, when we are getting deeply involve, we face the fact that forex is very complicated. some people keep courageous and choose to continue but some other choose to give because unable to deal with complexity.

 

[ryuken]

Nobody gets rich quickly with the forex except the broekrs, even they have to struggle a lot to get the customers these days and you can see that they are projecting a lot of myths in the market about forex being this and that and how that can be managed as well. that is what i think about the forex.

 

[riddick09]

I think that it will still take years also for the brokers to be really that have the popularity and the success but yes, most of the time there will be profits and of course, we will also have the potential to have the rich dreams and that we can achieve it as our goal in Forex.

 

[indieover]

indeed we should not expect that we reach success instantly.there is no magic formula to reach success in forex trading. You would med to work hard too achieved success. you can't depend on luck to make you successful trader.

 

[ryuken]

I have seen many brokers making money off the forex this way and they are going to be making regular money that way for sure. it would be quite possible to see that some people are going to be learning some odd ways to manage stuff yet they can't make regular money and that is where you can learn that fore xis not get rich quick scheme.

 

[budado]

In one of my account I turn my 200 dollars into 300 dollars in a month. That's a good 50% profit in my part. I do hope I can sustain and maintain my trading account in here for good. I really don't see any reason why we can keep on investing in here without any problem as long we do make some research I know we can make some profit as well.

 

[riddick09]

Yes, but there's also chance that if we fail to make good profits we will have the losses as well. So we should not take for granted that we can do the same in our trades and we should learn how to take care of our risks and seems that it will be good to have set of rules of our trading.

 

[jackcm]

Many people think this is get rich quick business because of lucky traders who earn hundreds and thousands dollar in some days. Forex trading is considered as risky due to such misunderstood thought and huge earnings of lucky traders.

 

[hadg33]

Yes,you are somehow correct,there are so many lucky traders that has made money in forex,it is not that it was easy for them but they invested what they can afford to loose and luck was on there side. Honestly I would keep saying that forex trading is not a get rich quick business.

 

[sindarin]

Yes, but there's also chance that if we fail to make good profits we will have the losses as well. So we should not take for granted that we can do the same in our trades and we should learn how to take care of our risks and seems that it will be good to have set of rules of our trading.

since forex is a risky business then we should prepare for the bad thing that happening later, like MC. and i think people's paradigm that doesn't trade in forex usually think that forex is a quick rich business, because they think just in few month you can get 500% or even more of your capital that you use to trade, in fact trading in forex is not easy as they think there are many factor that we must analyze before open the position and close it.

 

[hadg33]

Forex trading is even riskier than HYIPs,you can get rich quick in HYIPs in just some months but in forex it is never possible. It would take a forex beginner a long time to get rich because the time that they would use to practise in the demo account is already taking a long time,talkless of trading in the real account.

 

[ryuken]

It is not easy to make money with the forex as it is not a get rich quick scheme. in fact only people who control forex are the people who are running the broker firm. they control their own customers and also manage to make profit out of them. that said, there does not seem to be any sort of money making scheme in the forex and that too with easy way, not possible.

 

[sindarin]

Forex trading is even riskier than HYIPs,you can get rich quick in HYIPs in just some months but in forex it is never possible. It would take a forex beginner a long time to get rich because the time that they would use to practise in the demo account is already taking a long time,talkless of trading in the real account.

LOL, every try trading? and have you become a rich person now? as newbie you don't have to spend time in demo account if you want, if you have tutor just skip it and face the real trading. and if in short time people can earn money so fast in HYIP, there will be a lot of poeple that already rich right now including you, right? remember forex is high risk business and considered as one of the business which you can gain profit in shorter time rather than any legal business.

 

[glucoseguy]

I don't think skipping trading in a demo account is ideal for a forex newbie even if he/she has the best forex tutor in the world because the demo account helps a forex newbie to understand how the market works. Risking our funds in forex without enough basic experience isn't worth it.

 

[riddick09]

I would say that traders should think Forex should make it as easy to make profits in trading. They indeed must have experience and learn Forex market and their trading strategy. Because, of the risks that's why it's difficult to have the chance to make profits and with the unpredictable market.

 

[hadg33]

LOL, every try trading? and have you become a rich person now? as newbie you don't have to spend time in demo account if you want, if you have tutor just skip it and face the real trading. and if in short time people can earn money so fast in HYIP, there will be a lot of poeple that already rich right now including you, right? remember forex is high risk business and considered as one of the business which you can gain profit in shorter time rather than any legal business.

You are absolutely wrong,so much funds might be involved in forex and that is why so many people gets involved in it. The truth is,it is very difficult to make gain or profits in forex compared to some other investment programs like hyip.

 

[Decub]

Forex is not a get rich quick business, however, some people easily topple funds in Forex. Now that is where experience comes into play. It's rate of understanding varies from individual to individual as your rate of knowledge and understanding plays an important role in determining how much you would make from it.

 

[riddick09]

Well, this can be rich but it will be a long term goal not a quick business or profits. We will have to learn of the Forex strategy and the market. To have learn of our skills and learn ourselves from the trading psychology and other stuffs to have handle like the risk management.

 

[Decub]

If we are even talking about a get rich quick business, I think the issue of Forex should be far from this because the much I know about the concept of getting rich quickly is anything that you can do and become rich within the shortest period of time which is not what Forex portrays. Forex takes time to start yielding good profit as you tend to do more of the learning in the early stages.

 

[glucoseguy]

That's well explained Decub. Forex trading is just like any other business which requires time to make solid profits coupled with good experience and skills. Many newbies think its just an easy way to make online money and that's why they invest huge amounts without learning the basic skills.