Forex as "quick Rich" business.
Originally posted by Sashahello mcceducation welcome to fxstat.
Please tell us about ur trading experience. Are u a part time trader or full time trader?
Do u came here to learn? or r u here just to earn from posting?
May I ask you, How can you make money out of posting????
we can say yes or no both are true..if we invest good money we can earn big and get rich if invest low then earning is low.so both answers are right.
I am not agree with you.i think Forex trading is a profitable business and a good source of earrnng.I think there is no way to become rich in short time.but if we learn Forex trading properly then we can earn unlimited money from this business.
Originally posted by gurbhejwe can say yes or no both are true..if we invest good money we can earn big and get rich if invest low then earning is low.so both answers are right.
True both certainly can, but we have to remember here with risk management. Forex can make money quickly, but of course the risk taken will be large, and vice versa. Everyone will be able to figure out how trading in accordance with the wishes, but in my opinion forex is the quick way to be rich but that was not a safe way.
AKeFex made a good point.
You can only make big gains if u r ready to take big risks. So Forex is not get-rich-quick only but get-blown-quick too. Infact, for most trades, it is frustrating business as they cannot find a way to make consistent returns.
This biggest misconception of forex and all investing is that it is a get rich quick scheme. In truth, there is nothing quick about learning or executing forex properly. Anyone that comes into the market with that attitude will lose everything they put in. There is a reason only 2-5% of traders will ever make a dime.
That is what I have never been able to understand. Why most people want to make "quick money"? The quicker the money the less value they have. Like if everyone can make millions, who would sell bread for 2$?
Forex deceived by one of you will not get the amount of actual pay the best online business is one of the mechanisms to verify your account strickt your knowledge of Forex buinsess a new era and a large number of unemployed may withdraw money from your account without.
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Im also new here and an inspiring trader.I intend to join my friends' broker GDMFX and they offer a leverage of 500:1 and spreads start from 0.1 pips.Any advice if this is good?Any reply will be much appreciated,thanks.
I think this concept of being quick rich is totally wrong.We need to treet this Forex as a business not as a machine of currency notes.This business has some rules and we need to follow those rules to become slowly rich.Thanks
Hafizgm