Is forex trading a get rich quick business?

[indieover]

I don't think that all traders how do the same thoughts about Forex. I would say that experienced traders would say that is very easy to make a lot of profit in forex. they know we should work hard in order for us to reach success. That I would admit that when I was just starting that I just want to meet a lot of profit right away

 

[sindarin]

It is real if we say that forex is quick rich business, because you all must be saw there are a lot of people that earn money from forex so fast, and even only in one month they can increase their profit to 300-500% per month, can you imagine it, but not all traders can do the same thing, there are only few trader that can do it, but it is not constant profit.

 

[budado]

If you have good enough trading analysis then I can say yes its really good and easy way to earn good amount of money. But if we don't know how to trade then chance are we can end up getting loses in here instead. I do hope we can manage good amount of money in here if we can. But we can only manage good amount of earnings in here if we know how to trade to start with.

 

[sindarin]

Yes, according to me forex could turn into Get Quick Rich, i can see there are some good scalpers that can do that they become rich but still trade in forex, because that is their own income, but i think not all poeple can do that include me, the best thing i know here that we can earn decent earning per month if we really know how to trade and take an action.

 

[indieover]

Still even if we can make lots of money iti is not a get rich quick at all because we have spent a lot of effort learning forex before we would be able to make a lot of money in forex. So for me it is not that easy to monitor money fast. A lot of us wants to but it is not possible

 

[riddick09]

Yes, exactly. You will not think of it as easy money or to become rich easily if we will just have the money gained, it will took us some time, effort to learn and study a good strategy and to find or seek good amount of trading capital before we get started. So there are many things to do before we can begin.

 

[sindarin]

easily or not, forex is a market which make people think that place is a place to become rich and gained more income from your trading activities, fast profit is possible here since we can see there are a lot of traders that earn money and gain profit in short time with many technique that they have.

 

[riddick09]

Yes, they can't blame their selves seeing those professional traders or successful traders for having huge profits or earnings so, I think we will have understand that they are become interested and motivated and considering Forex as quick way to earn online and through investments.

 

[sindarin]

Again, nope. Forex is not quick rich business but you can get Fast profit here, why? since this program is high risk business it will give you bigger return and it will be faster for you to gain BEP, but only if you are good in this business field, in fact not all traders that gain profit from forex, and mostly of them loss their money.

 

[riddick09]

Yes, it's different to have quick profits to quick rich business. Because, quick profits can be achieved by doing short term trading while quick rich will be an aim and for sure it will be a long term and no assurance that it will be achieve with certainty and that will have huge profits indeed.

 

[sindarin]

But i think rich actually is different in every each of us mind, but yeah forex is not quick rich business, but we can say that forex is quick profit business, and i am not wondering anymore how that HYIP can offering such as 105% profit for one day , and i think that is why many people want to earn from this business than ever, and also it is easy to start forex.

 

[budado]

I just earn 5 dollars out of my 50 dollars trading capital in just less than 24 hours. Now its seems small amount its just 5 dollars out of 50 dollars. But that's already 10% income for me and since my target is always 10% to 30% profit each month that's mean I already achieve my earning goal this month.

 

[riddick09]

That's huge already compared on mine that will have 3-5% only but yes it will be fortunate to have in a day more than what we expect profits. But it also have the chance that we will have huge losses because of the market will be in our favor and sometimes not.

 

[sindarin]

That still high dude, so that is why many people like forex, it give us bigger return compare to the other kind of investment, even for mutual investment funds, but the risk also higher, and usually many people tend to take that risk or even forget that they need to manage that high risk well.

 

[budado]

If we are lucky we can double our money in matter of a week only. I see some traders do end up doubling their trading capital and they really good in doing that. I myself feel that I want to make some trade like that also. But sad to say most of the time if I do aggressive trading I end up losing.

 

[sindarin]

As long as they have skills and few luck i think something like that could become a truth later, but for so many people they still cannot think that will even come true,but i saw few scalpers that can do something like that and make themself in profit so fast, which make me surprise at all.

 

[budado]

Its seems the other way around in my part as right now I'm losing money in forex. I do hope that I can sustain and maintain my account for long but one thing I'm sure right now. I'm really dead serious in making some profit in forex and I can only do that if I'm going to focus more on earning in forex by adding more trading capital to start with.

 

[kasual]

if see the statistic of trading contest, I am really surprise when found that trader in first position able to generate more than 1000 pips in a week. even though they are probably use basket trading method and trade with many pair. that achievement is still insane. if they are that good, surely they will getting rich very fast.

 

[riddick09]

That's quite difficult to achieve in short period of time unless that there are truly very volatile market that have that average at that point of time. I would say that this is not often happen so many traders trying to have this opportunity when this happen they will take advantage on it but this still not mean that we can get rich on it without any difficulty.

 

[ryuken]

It is not a get rich quick business because you need to understand. it takes time and skill to make money and making money quickly is not possible by any means. You need to understand how some of the changes are going to be important for you over the period of time there.