Is forex trading a get rich quick business?

[Syrine22]

To me it falls at both sides of the coin.if wou want to make forex a earning means within a short period of time then one must be ready to put much into forex at everytime.Forex isn't that easy to earn real quick.

 

[junaid1001]

Yes a good trader can easily earn a handsome amount from trading in Forex over his investment, profits in trading depends upon the investment, huge investments allows you to earn more from single trade by using a big size lot.

 

[Syrine22]

As huge investments could be making an individual earn huge profits so can it be making an individual lose huge funds if proper care is not.The question that every trader wishing to put huge amount into forex should firstly be asking is "am i already a good trader??"

 

[Ghost]

As huge investments could be making an individual earn huge profits so can it be making an individual lose huge funds if proper care is not.The question that every trader wishing to put huge amount into forex should firstly be asking is "am i already a good trader??"

I know this question is necessary, but a trader might be striving to be a good trader at different points in time which does not really augur well with making decisions because you think you are a good trader or not. The fact remains that the amount we earn in Forex is representative of our trading abilities. And one is a good trader by following to the latter an accepted trading strategy, and maintain profitability. Getting better is not just an option but a necessity.

 

[richard branson]

Yes, You can become richest person with forex trading. If you will do trading from the help of financial experts, they will provide accurate trading tips & fundamental prediction of market. Also read about forex market so that you can also know how forex market works.

 

[budado]

Opportunity is their but how we can make profit is different story. In my experience the first three months I always end up not making profit. But on the fourth month I make money. Then another three months I'm not making money again. But that's is my strategy as I do long term hedging.

 

[junaid1001]

The main reason behind the losing of your trades is lack of experience and lack of knowledge, i advise you to learn properly and practice on demo account in order to get success in trading.

 

[Tirus]

Even an experienced trader can come across losses in their trading if they let their emotions or external factors distract them from concentrating on their trading. For a trader to stick to their trading plan they need to be calm when they are trading because then they are not easily swayed and influenced by these to the negative.

About forex being a get rich quick scheme we have to realise that in as much as we can make good profit in a short time we can also make huge losses in the same breath.

 

[Syrine22]

Yeah that's just the simplified truth.Just as forex could be a great rich program for professional traders,it can also be a get poor quick trade for an investor who in one way or the other losed concentration along the line.

 

[Syrine22]

Yeah that's true earning huge funds in a demo account is putting reality into a dream.Forex would be an avenue to earn well for those who knows the right skill and tactics to use at the very right time when trading in real accounts.

 

[hadg33]

Hmmm...as I am a forex beginner I don't think forex trading is a get rich quickly program,if we comapre it to HYIPs,I think I can call that a get rich quick business,for a forex trader to be able to make profits in trader,one has to be a forex professional and before been a professional,you must have a lot of experience about forex,it is not about exhibiting what a trader has just practised on a demo account and think he/she would definitely make profit,no,it is all about steps,processes,accuracy and dedicated time,so the way I understand it,it is not a get rich quickly business

 

[Syrine22]

Yeah that's just the truth.Even professionals that are earning big today would never say they started earning big over night.Forex is a gradual process.The more we get into it the more our chances of earning opens.

 

[budado]

Its easy if you are lucky. But chance are good if you know how to do analysis. So if you want to earn quick in forex trading its better that you invest your time and effort in doing analysis. This is were the quick money is. I hope I can make big in here. I hope so.

 

[Syrine22]

Yeah that's true.it's called luck when you get profit without knowing the basics.learning is important.sincerely through learning we get to know how to make analysis that would be helping us keep a smiling face daily.

 

[riddick09]

Or you can say that it's luck when you don't expect that you will have seen it in that way turns to be in your favor. I understand that in every business we can think of the risks and the most thing to accept first is that it's not easy to be successful there will be a lot of things we should learn from success and failures.

 

[Syrine22]

Yeah when it comes to success talks we got to know it is not achieved on a bed of roses.it takes alot of persistency and endurance.Forex success is likewisely the same.it takes alot before we start keeping a smiling face daily.

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Yeah when it comes to success talks we got to know it is not achieved on a bed of roses.it takes alot of persistency and endurance.Forex success is likewisely the same.it takes alot before we start keeping a smiling face daily.

 

[chintu]

Forex may be a get rich quick business only for the traders who have a good forex skills so not all can earn easily earn in forex so i am sure that with forex there are many benefits and at the same time if you are not good at this business you will be facing loss most of the times .

 

[monyitomon]

It won't not be because those Skilled and Experienced traders have been trading for quite long time to be what they are, and yet we are still not sure if they reach what they want in Forex trading probably to make a living from Forex trading.

 

[Syrine22]

Sincerely having plans to get rich overnight isn't what a trader should everly be conceiving in his head and that is majorly because it would just be making him anxious and eager to want to get over with trading that would eventually be making he or she to lose huge funds.

 

[chintu]

haha ... i never though of getting rich with forex and i just trade with forex to get some money than can fulfill my basic needs and that is the main reason i trade with forex . any ways getting rich with forex is really not a good idea and it is not possible even for expert traders .