Knowledge Experience and Skills are the major requirement, but for being rich you need to have lots of other skills like Risk Management and Money Management and lots more.
How Forex Trading Can Make you Rich?
- Thread starter Peter brandley
- Start date
Market Knowledge is the key to the success.
Risk mgmt complements your system.
Money mgmt is down to your risk level.
Experience only if and if you have the right knowledge.
Might many trader want get rich through forex business, but money is not everything in life, as trader just trying to making effort here to take benefit from forex business and if they can generated profit consistently might will get fincancial freedom
@radex78 i have read your previous post too, please don't mind writing on forums as i guess you are a good contributor and I & other fellow members can read you. Also it is important what you said and yes you are right money isn't every thing in life but fellow members like you are also our assets too. Moreover we all can achieve our dream to get financially free but it starts with the first step and that is you should start a habit of saving, save and then invest. Don't limit to one avenue but invest in different avenues just to reduce risks and you will see that you will be getting some good regular income streams.
Fores Trading is the best business to earn money online, but it is never the easy one, you need to have lots of knowledge and skills and experience which you could gain through lots of practice.
In fact making money through forex trading is not easy, because forex trading included as speculative investment, here as trader learn how to trade based on technical analysis and also fundamental is one way to making approach to the market, but after trader open entry hence it will become speculative trading
In my opinion, forex trading is easy however earning money through it isn't too easy as forex is very professional market which requires a lot of skills to master if anyone really wishes to earn money through it.
The above statement is the most contradicting statement I 've ever read. Find me a market not run by professionals.
If you learn from failed traders , then you can do the opposite technically , but pychologically , you would have a better entertainment in a casino , and win forex horse gambling.