my point was not that you can't make fantastic profits on forex trades, my point was forex is not a good buy and hold investment vehicle for getting rich. After all, it's just cash.
Will FOREX make me reach soon?
- Thread starter Pushtir Kono
- Start date
I understand.
Yet, my point was that some traders have become rich in Forex trades...only a few retail traders have done such whereas its commonly known that professional traders have done such at their institutional firms although most aren't called traders even though it was a trade that lasted days, weeks or several months.
As for buy/hold investments in Forex (not sure what time duration you're defining such)...I've never heard of such if you're reference involves holding more than a year.
Yet, my point was that some traders have become rich in Forex trades...only a few retail traders have done such whereas its commonly known that professional traders have done such at their institutional firms although most aren't called traders even though it was a trade that lasted days, weeks or several months.
As for buy/hold investments in Forex (not sure what time duration you're defining such)...I've never heard of such if you're reference involves holding more than a year.
at 40 to one I get rich or poor almost every day
If you do become rich...don't go public about it and don't tell your friends about it. Last few traders that have done such (in other markets) had their governments look (investigate) what they were doing...later resulting in the trader being arrested for using an "illegal edge".
They hid it well for awhile. A few even still lived at home with mom & pop.
They hid it well for awhile. A few even still lived at home with mom & pop.
Forex wont make you reach or rich, you have to do it! And also keep in mind Forex is the hardest where to start. I would strongly recommend crypto currencies, aka Bitcoin, those markets are very easily readable nowadays, mostly those corrections which always come after big movement. Or stick with some small IPOs and follow the company thoroughly. But in any case dont expect unrealistic reesults. Expecting 100%s / week or month is just nonsense.. Expect 10-20% a month and you will be reach man if you stick with your strategy, discipline and make your research
Forex is a type of independent job where your salary grows only with your skills and experience. Most challenging and interesting work I'd every desire, glad that I was born in age of computer technologies where everything can be accessed and done remotely. Perfect opportunity for independend guys like me who hates white collars and everything associated to it.