How Forex Trading Can Make you Rich?

Alexfx79 said:
Why do you say that not many people choose it? I agree, it's the common way for newbies, as intraday trading is fast an traders can see the result in the short time. But I know quite enough traders who open short-term transactions and they are ok with them.
As for me, I try to combine both short-term and long-term trades. Anyway, it's the question of your trading system. If it allows trade for weeks or months, and it really works, why not? If you think that taking 20-30 pips is possible on a certain pair in 10 minutes, why not? If the risk management is planned well, I don't see any problems
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Short term trading has its own cons with it. I know it has short term money profit but it also involve risk which is not easy for every one to manage.
 
Esha.J said:
Short term trading has its own cons with it. I know it has short term money profit but it also involve risk which is not easy for every one to manage.
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Most important is skill indeed, as short term trading if they can control their system and risk management, still possible making good accumulation profit, but maybe not all trader like short term, like as some broker also restricted scalping
 
Esha.J said:
Short term trading has its own cons with it. I know it has short term money profit but it also involve risk which is not easy for every one to manage.
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I agree. But there couldn't be short time trading without it :D
 
Forex Trading requires lots of practice and patience and discipline to become a successful trader. You need to learn quite a lot of thing to make a fortune through it.
 
CyberWarrior said:
Forex Trading requires lots of practice and patience and discipline to become a successful trader. You need to learn quite a lot of thing to make a fortune through it.
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Yes patience very important, sometime if trader facing with certain condition where trader facing with hard condition and decision often fail it can leading to emotion, without patience maybe will messed up overall trading plan
 
radex78 said:
Yes patience very important, sometime if trader facing with certain condition where trader facing with hard condition and decision often fail it can leading to emotion, without patience maybe will messed up overall trading plan
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It seems to be that it's not patience in the full sense of this word... It's like being ready for different circumstances.
 
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