How to get rich with Forex?

Discussion in 'General Forex Discussion' started by SweetPrincess, Jun 28, 2017.

  1. ashouq

    ashouq Active Trader

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    MT4 is a good platform to trade forex as it is more easier to navigate and EAs can also be integrated with it.
     
  2. Ary Barroso

    Ary Barroso Active Trader

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    Till now; mt4 is the best trading platform but I think, for EA trading mt5 is a smart choice! Although, I trade manually; that’s why, mt4 is my 1st choice.
     
  3. Mauk

    Mauk Trader

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    I guess your way of thinking is what makes many traders to fail in the market. They only come with the idea of winning and getting rich overnight, thus quitting when they lose. Yes you can get rich through trading, but that should not be your first goal. Learn as much as you can and aim for understanding before you start thinking of getting rich
     
  4. planbpayments

    planbpayments Active Trader

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    1-Yes, there are cases where people have become Millionaires just trading FX.
    2-There is no proven formula.
    3-If anyone did, they wouldn't share their strategy on a public forum, although you can definitely follow some good guys on MyFxBook, prhaps could help you understand the market better.
     
  5. Ary Barroso

    Ary Barroso Active Trader

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    Based on your 3rd point; it can be! Such as; I’m trading with PA trading strategy. Then what? till now I can share on public forum.
     
  6. planbpayments

    planbpayments Active Trader

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    in that case, good for you mate
     
  7. Ary Barroso

    Ary Barroso Active Trader

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    Thank you very much! Yes, price action is very much useful trading strategy & popular as well.
     
  8. Onanak

    Onanak Trader

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    Certainly we have seen few people who got rich from Forex, but percentage of these people is very small. The point is to figure out and fully understand movements on this market and make trading strategy based on it. Continuous profits will make you rich person, but it is easy to say and hard to do
     
  9. Ary Barroso

    Ary Barroso Active Trader

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    Yes, the percentage is very low; but the point is: successful traders get enough financial freedom from this financial market! That’s the beauty of Forex.
     
  10. Uaredaty

    Uaredaty Trader

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    I think that it all depends on targets set by trader. Some people are entering market in order to get rich, but there is very small number of those who really make it. On the other side, I think that it is much better to set financial freedom as a target which would be more realistic to accomplish
     
  11. Ary Barroso

    Ary Barroso Active Trader

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    Yes; it’s all about trader’s choice! But making only huge money; can’t be a target at all; if you following this type of target; then definitely you’ll suffer!
     
  12. Oswald

    Oswald Trader

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    There is no free lunch on Forex market. If you want to become rich, then you need to work really hard to reach your goal. It might take you even several years to reach this point with significant amount of capital invested and excellent strategy which can bring profits to your account
     
  13. Adam Jackson

    Adam Jackson Trader

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    Getting rich is not an easy task in forex actually. Forex trading has always been a challenging task for any person. Time consuming fundamental analysis, tricky technical analysis, long trading planning and proficient use of money, etc. all have made forex trading a combination of toughness in reality. But those traders who know this fact and still they have come here are the real fighter. Some risks are always associated with forex trading.
     
  14. Pets009

    Pets009 Trader

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    I believe the forex market is one the best markets for trading . It offers great opportunities of investments and returns due to high liquidity and volatility.
    Indeed if you want to get rich the first thing that you should do is to get up early and go through the news to understand the direction of prices .Follow the trend. So keeping a track of market is the most important tip.
    Next you can plan a strategy in line with your ultimate goal of trading in forex. Learn to stick to your strategy always. Be patient and disciplined. Never give up.
     

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