How Forex Trading Can Make you Rich?

[algofy]

How many times in one thread can you say "forex business"? Honestly, forex draws the low end of the trading bucket, at least on the retail side.

 

[radex78]

Forex Trading requires lots of practice in order to become successful in it. Thus you cannot be rich just like that, you will have to practice a lot to become successful.

Patience is very essential to defend, I have seen some trader beginner eventually leaving forex and never come again, because failure but if we patience and we can learn using demo account actually it's still fine to learn and free from risk

 

[Hafizmd]

How many times in one thread can you say "forex business"? Honestly, forex draws the low end of the trading bucket, at least on the retail side.

Do you mean it's not a business?
Maybe it's not so serious... but hwever, people treat it seriously, expecially day traders which you mentioned. Am I wrong?

 

[radex78]

In my opinion forex is business but included as risky business because in trading will possible any trader losing money in trades, but still so many trader they tyring luck in this business due still promising

 

[Esha.J]

Being rich is other thing, first one need to learn Forex well. Being knowledgeable and skillful is more important than being rich in this market. Because it will help you to get more money.

 

[radex78]

Being rich is other thing, first one need to learn Forex well. Being knowledgeable and skillful is more important than being rich in this market. Because it will help you to get more money.

Yes trader need these skill, maybe to achieved those goal, hence learning is one way to making trader being skillful, if trader having capacity to passed these obstacle, from difficulties might will get easiness

 

[CyberWarrior]

Yes trader need these skill, maybe to achieved those goal, hence learning is one way to making trader being skillful, if trader having capacity to passed these obstacle, from difficulties might will get easiness

Agreed. Skills are required to trade with Forex, and for that you need lots of practice and knowledge and skills, that is the only way to become successful in Forex Trading.

 

[victorycountry]

You guys are talking about skills without talking about market characteristics.
Never ever take short positions after a bull trend for reversing strategy, you will never make a consistent profit. Market becomes very volatile.

Focus on long positions, this is the truth

 

[mlawson71]

In general, maybe, but there are some really impressive bearish trends occasionally. Why not use them as well?

 

[radex78]

You guys are talking about skills without talking about market characteristics.
Never ever take short positions after a bull trend for reversing strategy, you will never make a consistent profit. Market becomes very volatile.

Focus on long positions, this is the truth

I think good trades if we can trading follow the major trend, often on these trend although occured small wave opposite movement, but eventually still continue to major trend, and about psychology trading usually has role on these condition