Please take a look around, and feel free to .
Forex trading will certainly change a poor man's life to good as long as he is committed to learn the art of trading. Knowledge, Patience, proper strategy and implementation of the same is very much required. If so, any one can reach financial freedom in a short span of time.
Now look at how Forex can change the life of a poor man. On international level, a poor man lives below $1 a day not that all who live above $1 a day are rich. If a poor man who is knowledgeable in Forex starts trading with an initial capital of $500 which he can make from forum bonuses for a period of say three to six months that he has been learning in a Demo account. He would have had $500 in his trading account and by the time he starts trading in the real account with say 10-20% monthly profit, he would have improved his live by almost twice his living standard and with time, as he compounds his profit and capital, things get better for him.I think you guys are getting it twisted,I am not saying a poor person can't make profits from forex,what I am saying is this, if you have a job offline and it happens that you are paid the minimum wage,are you telling me that your life would0be changed,you are from my country and I expect you to know what I am talking about. Forex can't change the life of a poor.
Now look at how Forex can change the life of a poor man. On international level, a poor man lives below $1 a day not that all who live above $1 a day are rich. If a poor man who is knowledgeable in Forex starts trading with an initial capital of $500 which he can make from forum bonuses for a period of say three to six months that he has been learning in a Demo account. He would have had $500 in his trading account and by the time he starts trading in the real account with say 10-20% monthly profit, he would have improved his live by almost twice his living standard and with time, as he compounds his profit and capital, things get better for him.
Yes, it is an absolutely great idea. While learning newbies can earn from forum bonus. And that amount can be collected until he start trading in real account. Until then he can practice at demo account. And when he will start trading at real account he will see a quite good amount at his trading account.
That is just one thing that so many newbies fail to understand, move your eyes off the real trading platform, concentrate more on the learning process and never bother about what the result of the savings will be. You keep posting and learning and before you would say Jack, 6 months would have gone.
Like you said, it is nice to be fully dedicated into forex trading because that is the only way we can earn from the market. So forex trading can make a poor person rich or change his life for good, but that will depend on that person because enough of knowledge is need here and skill so that it can change his life for good.
Well, I think you have to consider that some people will not be having all that time that me and you have to put into the forum posting and also the forum posting is not something that we can just start, it requires some amount of motivation and determination.
I don't think that poor people are going to be making good money from the forex. they are going to be having alot of issues as the money invested would be likely to lose sometimes. that is one bad thing that can happen as well. which is something we have to consider there.
I don't think that poor people are going to be making good money from the forex. they are going to be having alot of issues as the money invested would be likely to lose sometimes. that is one bad thing that can happen as well. which is something we have to consider there.