1 out of 10 for troll effort.
Will FOREX make me reach soon?
- Thread starter Pushtir Kono
- Start date
Is this marketsurfer's alias account?
Meaning of rich is actually different for different people. If a newbie is able to get around $500 per month , he can call this forex world a life changing for him but on the other hand, you cannot feel rich until you make $1000 a day. It also depends on priorities of different people.
You have approached Forex wrong. Forex is not a short-cut to become rich. It is a trade in which a good deal of experience and brain power is needed. To become a good Forex trader one need time. Unless you will find Forex unsuccessful.
in the short term forex can be the best game in town. But long term, I don't know anybody who evrer got rich investing in a currency.
Well known pros have done it but most of them (not all of them) were already rich from other investments and trades prior to making additional millions in Forex...
Example, George Soros.
There's another (a Japanese private trader at that time) that made millions in Forex but he's now a head trader at some institutional firm that works with international banking clients.
As for retail traders (stay at home trader) in forex...if a few did...I doubt they would publicly discuss such because you don't want anyone (organization) taking a closer look at what you're doing or taking a closer look at your finances.
Actually, with 50:1 or greater leverage, you absolutely can get rich with forex trading. But anybody asking that question here almost certainly doesn't have what it takes (an edge, proper command of position sizing, a sense of when to press an advantage with leverage) to do so. The OP would do just as well splurging on super-lotto tickets.