How Forex Trading Can Make you Rich?

Forex trading can make you rich but can also make you broke. 95% of people lose money. I would have thought that 4% break even, 0.9% make money and 0.1% make a decent living. Forex trading is not easy
 
radex78 said:
Oh just now I am understand if there are company as commercial real estate also open door for small investor, but what site as example?
Few years ago I am ever trying on hyip which on site giving information if they recycle money on potential business like as water real estate but this is fake not real, but yes no licency and regulation for hyip many people said this is money game
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I dont think I am allowed to mention a specific site because of forum rules. Besides, I would not want to be accused of promoting. If you google "realestate investing crowdfunding" you will get quite a few results. Just make sure they are licensed. Ater that is more about the deal than the site. I use different ones all the time.
 
BigBrandy said:
Forex trading can make you rich but can also make you broke. 95% of people lose money. I would have thought that 4% break even, 0.9% make money and 0.1% make a decent living. Forex trading is not easy
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I agree it is hard but I think most people lose money because they are not properly trained. I dont know how it could be done but I wonder what the numbers would like if we broke them down by traders that recieved some type of formal training and those that did not?
 
Traderjohnsblog said:
I dont think I am allowed to mention a specific site because of forum rules. Besides, I would not want to be accused of promoting. If you google "realestate investing crowdfunding" you will get quite a few results. Just make sure they are licensed. Ater that is more about the deal than the site. I use different ones all the time.
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Thankyou for valuable information, still not yet clear what as sign if site has licensed whether information about this matter also available on website company?
 
radex78 said:
Thankyou for valuable information, still not yet clear what as sign if site has licensed whether information about this matter also available on website company?
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The licensing information will be on the website. You really can not go wrong if the site/firm is in the USA because they are not allowed to advertise for investors if they are not licensed. I do not know for sure but I think the EU has similiar regulations. The focus for you my friend should be on figuring out what kind of deals you are looking for. For example I have two types that interest me. One is leveraged commercial properties like wharehouses and storage facilities. The other strong equity positions in high end residential realestate in the USA. I do not care much about the website they are offered on but more about the deal terms.
 
CyberWarrior said:
Yeah, in Forex Trading if you have proper knowledge and experience and skills, you can turn those risks into rewards.
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That is the most common thing you need, but important is strategy which gives you result of profit with your analysis. That is needed after all skills and knowledge.
 
CyberWarrior said:
Yeah, but you cannot just rely on a single strategy, you need to change it from time to time if you wanna become successful trader.
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How often do you change your strategy?
What analysis tools do you use to understand that you need to change something?
 
Still people are confuse about Forex strategy and its basic which are necessary while you are working in Forex. Changing Forex strategy is trader's personal choice but think before you do it.
 
I think in trading we also can trying our own strategy and most important I think we using risk management which stop loss is one way to manage these risk, we can trying averaging or hedging on demo account if not yet confident in real account
 
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