Is forex trading a get rich quick business?

[Tirus]

The luck that you are referring to is basically what can mislead others into thinking that this might be a get rich quick business. A beginner traders who gets successful in his early trades is nothing but lucky because he does not have the experience at this stage and taking that to mean that all your trades would be successful would be lying to oneself.

 

[Cutiekc]

The luck that you are referring to is basically what can mislead others into thinking that this might be a get rich quick business. A beginner traders who gets successful in his early trades is nothing but lucky because he does not have the experience at this stage and taking that to mean that all your trades would be successful would be lying to oneself.

I don't think thats luck anyway because they must have encounter profits may one or two times and as a newbie who is not well learned will be over confident within him self where by not taking those steps he took at the initial stage that made him go into profits.

 

[ryuken]

I think forex is not a get rich quick business. we have to see that for sure because none of the people who get into the forex get rich per day. they spend years or even months to get into the sufficient earning. i would be quite curious to see how many other are doing.

 

[budado]

We can say it is since forex is a good source of income and you can double your money each week. Problem though is that in the end of the month you can end up getting MC also. So I guess right now what is important is we know how to trade and make profit in forex trading first before hoping that we can make big income in here.

 

[ryuken]

It is good source of income but it is not a get rich quick business. if most of us think that way then surely it would never be able to earn even a decent earning from it. as we can see forex doesn't give any gurantee of the market and so making consistent money is quite a problem.

 

[Syrine22]

Sincerely i would be throwing it to newbies that at their initial forex stage,they should be getting it out of their minds that they want to get rich overnight in forex.Forex requires alot and they got to give it alot.

 

[monyitomon]

At the end of the day if one is earning some profit in Forex trading that is already a big help. Forex trading is a good source of income so if you are not earning that huge then it's just serving as an additional income to you.

 

[PROPENSITY100]

No Forex is neither a get rich scheme nor an easy source of money. Forex requires intense learning and experience to become good in it and start earning from Forex trading.

Forex is not a place where anyone can enter make money and come out rich. A person who does not care about learning Forex first is severely punished in Forex trading and regrets later.

 

[Syrine22]

Forex earning to get rich can never be achieved if we were to be taking a lift.it requires that we take a staircase and not even rushing it but we going or taking a step at a time at every point of time.

- - - Updated - - -

Forex earning to get rich can never be achieved if we were to be taking a lift.it requires that we take a staircase and not even rushing it but we going or taking a step at a time at every point of time.

 

[Razor1911]

Not at all, the forex business is a very risky business and its even hard for some traders to survive in this risky business, in this kind of risky business, its very tough to make consistent profits, so we should never dream about to get rich quickly from here. Rather we should always have a small and decent target for daily profits.

 

[ryuken]

I don't think forex is easy to earn money from and we have to see how the forex is going to help many of us most of the time. If we are purely spending the money on something that doesn't get us many results then it is better to consider that people are going to be wasting time and money.

 

[rexway]

Forex trading is never a get rich quick business because in as much as I know if forex trading was that easy that traders get money anytime they want I think almost all the people doing offline job would have want to involve in forex trading.

 

[ryuken]

I think getting rich quick is not that easy and you can see that most of the people are supposed to be spending time and money. that is why we have to see that getting rich quick is not the aim of the forex business and you have to deal with the money on your own most of the time.

 

[Taha Nizam]

I think currency trading is not a make money fast business. we have to see that for sure because none of the individuals who get into the currency trading get wealthy per day. they invest decades or even several weeks to get into the adequate making. i would be quite inquisitive to see how many other are doing

 

[ryuken]

Many people approach the forex this way and are going to be having some trouble. so that said, we have very less time in our hands to this. get rich quick would be quite hard that way, as many business are going to be good than forex for the recurring earning for our earning.

 

[Cutiekc]

Well,i have come to realize that people only get rich buy the help of forex trading only when they are having forec trading as their main source of income because that way they will be paying more attention to their trades and won't have a divided attention unlike one who is a trader and also a student.

- - - Updated - - -

Well,i have come to realize that people only get rich buy the help of forex trading only when they are having forec trading as their main source of income because that way they will be paying more attention to their trades and won't have a divided attention unlike one who is a trader and also a student.

 

[Taha Nizam]

I think currency trading is not a make money fast company. we have to see that for sure because none of the individuals who get into the currency trading get wealthy per day. they invest decades or even several weeks to get into the adequate making. i would be quite inquisitive to see how many other are doing.

 

[kasual]

maybe forex offering high potential income but it doesn't mean make forex as rich quick business because everything need process and time. in forex, before trader become knowledgeable and experienced, can be sure will facing difficult time and they will not able to generate good result yet. so, its not true that forex is get rich quick business.

 

[ali222]

Whilst it is very possible for an experienced trader to make huge run of money in little or no time, it however does not follow that forex trade is a get rich quick scheme. Any trader you come across make money in forex today must have been investing his time and other resources in the past learning and getting trained.

 

[ryuken]

it is not a get rich business an dnot even a way to make money like that. it is one of the hardest market to crack into and people are going to lose money in it. i have lost some money and i can tell you from experience that it becomes harder if you have get rich mindset here.