I definitely wouldn't call Forex a get rich quick scheme by any means. However, after growing your account for long enough, trading 20 or 30 lots will start adding up if your strategy is sound.
How Forex Trading Can Make you Rich?
- Thread starter Peter brandley
- Start date
May be. But I personally don't feel like using robots for the trading, as the control goes in their hands, I like to keep the power of trading in my hands, thus I prefer trading manually.
Of course and that is the main reason, why I prefer manual Trading, as the Forex Robots, grab control from our hands and I prefer to have control of my trades in my hands.
Forex is risky work, if we can not control our trading then how we can expect that a robot, a written program is going to earn us money and going to give us a profit for nothing.
Definitely, a Forex Robot, is not a dependable one to survive in Forex Trading. We need to obtain skills so that we could trade manually and achieve success.
First of all, I recommend looking at forex like a game, or a hobbie, and not as a way of making money. If you try to chase after money, you'll make lots of mistakes. When you learn to trade well, then you can relate to forex as a source of income.
Of course, you cannot survive for long if you take Forex as a Gamble, you may win one or two trade with your luck, but cannot never survive for long.
retail forex is a scam
,just got reply from Alberta Securities Commission (ASC).
Thank you for contacting the Alberta Securities Commission (ASC).
Alberta residents who wish to trade FOREX must qualify as an accredited investor, as defined under the act. Most registered equities dealers in Canada, like Interactive Brokers, are licensed to have Alberta residents as clients. In short, for an individual, to qualify you must meet one of the following conditions to be able to open a FOREX account from Alberta:
Earn a minimum of $200,000.00 per year in 2015, 2016, 2017 (if you wish to open an account this year) and must expect to earn at least $200,000.00 in 2018 OR combined with a spouse, over the same years earn a minimum of $300,000.00 per year OR have at least $1,000,000.00 in net financial assets (does not include no financial assets such as property, cars, boats, etc) OR have at least $5,000,000.00 in combined assets, all classes included.
alberta government crackdown of bucket shops for retail traders
,just got reply from Alberta Securities Commission (ASC).
Thank you for contacting the Alberta Securities Commission (ASC).
Alberta residents who wish to trade FOREX must qualify as an accredited investor, as defined under the act. Most registered equities dealers in Canada, like Interactive Brokers, are licensed to have Alberta residents as clients. In short, for an individual, to qualify you must meet one of the following conditions to be able to open a FOREX account from Alberta:
Earn a minimum of $200,000.00 per year in 2015, 2016, 2017 (if you wish to open an account this year) and must expect to earn at least $200,000.00 in 2018 OR combined with a spouse, over the same years earn a minimum of $300,000.00 per year OR have at least $1,000,000.00 in net financial assets (does not include no financial assets such as property, cars, boats, etc) OR have at least $5,000,000.00 in combined assets, all classes included.
alberta government crackdown of bucket shops for retail traders