Is forex trading a get rich quick business?

[Master Forex IB]

I do not consider forex as a getting rich quick business. It is possible we get high profits some time but there is no magic which will make you rich in no time.l You will get this success on base of your skill, trading ability and risk management techniques. This market is not giving earning without having trading skills.

 

[barood4money]

Forex is the only program that need you to learn. Unlike hyips, casinos and get paid to programs that need no skill at all to get money. You can trade forex without any skills. But you will lose a lot of money that way.

Yes. As we are directly involved with the forex trading, we earn or lose money as per our trading. So to earn money you have to learn how to trade and what to trade at forex trading.

 

[kate beckinsale]

yes the forex business is to become rich in a short time and earn and learn many more in a short time and that is the reason that its business is also becoming more advance and popular

 

[Decub]

yes the forex business is to become rich in a short time and earn and learn many more in a short time and that is the reason that its business is also becoming more advance and popular

That is a very wrong assumption of what or how Forex works. Have you ever wondered why so many fail in it and why others quite at an early stage, one of those reasons is because they see it as a get rich quick business and they failed along side.

 

[barood4money]

That is a very wrong assumption of what or how Forex works. Have you ever wondered why so many fail in it and why others quite at an early stage, one of those reasons is because they see it as a get rich quick business and they failed along side.

Yes, you are right. Those who think that forex trading is a place where we can be rich in few days and it is very easy to learn and understand forex trading, they get two results. One is they lose their money and they leave trading and curse it. And other result they lose money for few months to learn practical things.

 

[Cutiekc]

That is a very wrong assumption of what or how Forex works. Have you ever wondered why so many fail in it and why others quite at an early stage, one of those reasons is because they see it as a get rich quick business and they failed along side.

Thats quite right, but then I have also come to realize that forex trading is a fast money making business. Come to thing of it, in a platform where you are been able to make about 40 dollars within some few minutes regarding your capital, although its not that quick money making business at the infant stage.

 

[barood4money]

Thats quite right, but then I have also come to realize that forex trading is a fast money making business. Come to thing of it, in a platform where you are been able to make about 40 dollars within some few minutes regarding your capital, although its not that quick money making business at the infant stage.

Actually making quick money and being rich in a short time is both different things. If someone have a capacity of investing 1000 bucks and if he earns 500 bucks then you are earning a good money and can be rich quickly. But if somebody has capacity to invest 10,000 bucks and he earns just 500 bucks then it is not called being rich quickly.

 

[ryuken]

I am sure you know that getting rich quick is not that easy. I just however consider that most of the people who go after the quick rich business are not that easy. That being said, there are not many people who are going to be spending time and cash into thigns like forex for being rich. that is not easy.

 

[Decub]

Actually making quick money and being rich in a short time is both different things. If someone have a capacity of investing 1000 bucks and if he earns 500 bucks then you are earning a good money and can be rich quickly. But if somebody has capacity to invest 10,000 bucks and he earns just 500 bucks then it is not called being rich quickly.

Yes, getting rich quick is seen from the percentage of profit you aim at. Someone who is aiming at a <30% profit in Forex and who is an average trader cannot be said to be aiming so high a profit. Though a relatively new trader who should be more interested in the knowledge could be said to aiming high if he has the intention of raking in >30% from a trade.

 

[kate beckinsale]

yes forex trading is especially designed to make you rich in few moments and in few years the person which has joined within a few years can earn here huge amount of the money so just joined the business of forex and start the earnings

 

[kate beckinsale]

by joining forex the person which is very poor can comlete his uncomplete dreams of becoming rich in the whole life so forex has choice for that peoples just join it and become rich within a few years and change their life totaly

 

[Decub]

yes forex trading is especially designed to make you rich in few moments and in few years the person which has joined within a few years can earn here huge amount of the money so just joined the business of forex and start the earnings

You are seeing Forex from a very wrong perspective which has been the major reason so many have failed in it. Forex is a good and profitable business but that doesn't make it a get rich quick business because uncountable number of people have lost in it and a greater percentage of those into it fail.

 

[kate beckinsale]

forex trading is due to become successful trader and here income is guranted but experience is not required and that is the reason that it is a easy source of income and better choice to become rich in the whole world and support your family and friends and do their livings safe and easy and better

 

[Cutiekc]

Actually making quick money and being rich in a short time is both different things. If someone have a capacity of investing 1000 bucks and if he earns 500 bucks then you are earning a good money and can be rich quickly. But if somebody has capacity to invest 10,000 bucks and he earns just 500 bucks then it is not called being rich quickly.

Well, being rich is not by earning that amount daily being rich means that you have even more to sustain you even when you stops trading for a long time. Therefore before someone will become rich just by trading in forex then that means that the person needs to trade for years .

 

[riddick09]

When you're successful in trading then, you are rich. You can still have failure and become poor again when you are not making profits like one time millionaire. While, it does not mean that it will take years to become rich it will be depends on many factors.

 

[barood4money]

When you're successful in trading then, you are rich. You can still have failure and become poor again when you are not making profits like one time millionaire. While, it does not mean that it will take years to become rich it will be depends on many factors.

Yes, I agree with you. There are many prospects and ways of being rich at forex trading. For someone it takes whole life to be rich. And for someone it takes few years to be rich by trading.

 

[budado]

Its really going to make us earn good amount of money. that's why right now my main objective is really to be a good earner. I do believe that we can all focus on learning and then earning as I do believe that forex trading is really what make us earn money in forex.

 

[barood4money]

Yes, that is true. More we give concentration and dedication to learning, more we will be capable of earning at forex trading. And you can earn as per your comfortable time.

 

[Daisy]

I think forex is ok but its too risky to be all dependent on it. I'm not all dependent on it. I like to do it for fun and some side money if possible but its too hard to have a full time income from it unless you would have time to sit in front of the screen and wait for a trend all day long which I don't like to do. I also think that there are way too many risks to get rick in it. I think one can earn just a modest income unless the person is a guru then they might earn more. I don't wish to get rich in forex since its not that easy for me to get profit all the time.

 

[Bonyi]

Though you can make money trading forex does not mean it is agent rich quick business. To make profit in forex requires studying, learning, skills and strategy. To have endless success in forex requires knowledge.