Is forex trading a get rich quick business?

[budado]

I can't say its easy to get rich in forex trading but I can say its has potential and if you are in the right place at the right time you can actually make good profit in forex trading. I do really believe that if you want to trade in forex you need to do three things. One is practice, two is commitment and three is capital. Because without this three you will not see opportunity in forex.

 

[riddick09]

There's chance that we can make but there's no way to say that quickly making us in great profits because we are going to have here the different stuffs to encounter, to surpass. Just like the management of our money and emotions which are typically the reasons why traders always fail.

 

[chintu]

I don't think forex is a get rich business because forex is not a easy business and it need a very deep understanding and a vast knowledge and a good experience that only you can trade with forex . there are many traders who have lost a huge of amounts in forex so i will not consider forex as a get Rich business . but the people who are experts in forex may be for that it is a get rich business .

 

[indieover]

I'm trying to make good profit now but it's just hard because the market is moving so slowly and sideways also. So I won't say that it's get rich scheme. So I think you would also need big capital to earn better on forex but still it's difficult to become rich even with bigger capital.

 

[Syrine22]

I think even with a big capital if one doesn't know the proper strategy to be used he or she might just be ending up losing all.guys forex would only be a great avenue for one to earn big if he or she goes ahead to make use of the right strategy.

 

[Rcypher]

It sure seems that way given all the hype-y ads in the Internet these days. If you are considering Forex trading for the purpose of making money at a short period of time, please don't. Forex trading is a serious venture and requires a lot of thought. Don't believe the deceitful ads that tell you otherwise. While it's a good way to make money, it's not a get rich quick scheme. Engaging in the Forex market successfully requires a steep learning curve. You need to have patience and good judgement before attempting to take the plunge. You also need to treat it like a business.
It's advisable to do a lot of research first by going through reliable sources to make an informed decision. And if you've decided to go with it, be prepared for hard work, determination, lots of patience, and continuous learning.

 

[Syrine22]

I think what i was able to deduce out from all what the last poster said is that forex isn't a get rich quick business.it requires so much effort and time.sincerely having it as a mindset that you would be getting rich overnight would only be making one lose much funds.

 

[Tirus]

Yes, forex trading is not something that you can pick up over the weekend and suddenly become an expert on it to the point where you are quite profitable. It takes time to learn and master and in some cases it has taken months or years for traders to make some consistent profits.

 

[budado]

What if I can say that after a year of trying to learn forex you can earn 10% profit each month? Do you think its good business? You can double your capital each year? I can say its a good business if I can double my capital each year. Right now I'm only trading for 10 months and I do earn 10% a month on average and I hope I can even earn more each month next year.

 

[sindarin]

quick rich business?could be yes or no , that is according to the trader who trade the money, i already see some of traders that even can doubled their money in forex just in one or two year, it is better rather than other investment like mutual funds investment

 

[chintu]

May be it is a get rich business for the people who are earning huge profits from this business but for me i havent earned a lot of money in forex i am still a newbie trader so i think getting rich is not a big matter for me but earning some money is the main goal for me in forex .

 

[Syrine22]

Yeah that's true and i am happy you said in 2-3 years meaning it is a step by step procedure.guys to me forex requires alot and that majorly be if we go ahead to put in our best to get much or become rich in it in the future by being determined.

 

[budado]

I only earn 10% a month. But I read in other forex blog that professional trader do earn 40 to 60% each month. I don't know how true is this but one thing I'm sure I will not going to spend my time doing other things than forex trading if I can earn that much each month.

 

[hadg33]

May be it is a get rich business for the people who are earning huge profits from this business but for me i havent earned a lot of money in forex i am still a newbie trader so i think getting rich is not a big matter for me but earning some money is the main goal for me in forex .

This is just the right answer to this thread,to me if a forex trader is earning huge profits from forex trading,I think it is a get rich business but if the trader is earning low,that means it isn't a get rich business,I might be getting it all wrong but that is what I feel as a newbie that I am

 

[Tirus]

The problem is that for someone to earn huge consistently in forex trading they need to have trading for a while already which means that this scenario falls away because the keyword is "get rich QUICK business". Getting rich out of forex would be as a result of the efforts they had put into forex trading over some time.

 

[Syrine22]

I think it is clear that forex can never be a get rich quick business.Even apart from the fact that we trade.we likewisely must endeavour to go through a long training lesson that would even be taking our time before we would be doing the trading proper.

 

[sindarin]

they can be get rich quick business, according to the way you interpret it, many people with few clicks can get the make a lot of earning here, some of them even get consistent profit in big amount, so that means they are "get rich quick business", but infact not all people can earn like that faster since we know that only few people that can earn big money that fast.

 

[Syrine22]

Sincerely getting to make real quick money from forex to me would be one getting some luck or through the help of GOD but coming to the real life that wouldn't be an easy task but would be in a gradual process that would be gradually be changing.

 

[sindarin]

This is just the right answer to this thread,to me if a forex trader is earning huge profits from forex trading,I think it is a get rich business but if the trader is earning low,that means it isn't a get rich business,I might be getting it all wrong but that is what I feel as a newbie that I am

i agree with you, that is relevant words for people or trader who trade in forex, we can see that people earn quite big amount of money per week in trade and it still constant, they even get more than their profit now, and as long as that people get profit, they think that is a get rich quick business

 

[budado]

Its quick to make money in forex if you are in the right time and the right pair. But its can also means quick loss of money if you are at the wrong time and the wrong pair. that's why we must always think that if forex is easy money its also mean easy to loss money.