Originally posted by uniquetrader

I have a question in my mind that do we consider forex as "get rich quickly" business. If not then why do we invest in this business? If we know there r higher chances of loss and it is very risky investment. Very little percentage of traders, who r actually not individual traders but institutions, can make good profits. We on the other hand make very small profit or usually loose. 

So why do we invest in forex? Why not in any other business or bank or anywhere else? Have u ever thought abt it? 

Share ur thoughts.

 

You are right. This is really a risky business. there is no gurantee you will make profit here. i see a lot of people got marrgin call in forex. So better to invest only small portion of money here.

Forex is not a business where we can be rich in just one night its a business where we need a good strategy and knowledge which is the key of success and we can make profit through it.

Originally posted by uniquetrader

I have a question in my mind that do we consider forex as "get rich quickly" business. If not then why do we invest in this business? If we know there r higher chances of loss and it is very risky investment. Very little percentage of traders, who r actually not individual traders but institutions, can make good profits. We on the other hand make very small profit or usually loose. 

So why do we invest in forex? Why not in any other business or bank or anywhere else? Have u ever thought abt it? 

Share ur thoughts.

Forex is not a get rich quick business. It requires a lot of study and hard work and to be disciplined then only we can earn money in forex. yes its true forex trading have high lever or risk involved but in any business there is a risk involve. We most small traders lose money because we don't know actual news what is going on around the world but big big institutions and big players know where the price will move. Many small traders invest money to make money.

 

@SmartPrince.

You have written everything in quotes which makes it really difficult to identify ur own opnion unless we read the original quoted post first.

traders that think that forex is a get rich quick business are wrong. forex trading is a business that needs gradual practice and learning before a trader will start making profits.

Its a profitable business indeed, especially if you were an expert and you know exactly what you are doing.

It is too bad for beginners who let their greed drive them through and bit by bit they get addicted to the market even if they were losing they will keep coming back for more.

It is not necassary that the chances of losses are higher than the chances of winning, because if you have a good strategy you work with you might have a higher chances of winning...!!!!

and you might find yourself RICH

Unfortunatly, alot really think that forex is a "get rich quickly" business, especially desperate for money traders who just want to be rich and have all the money in the world...

Forex is one of the best online business which pays Genuine amount you will not get cheated by any one forex have strickt verification process on Your account no one can withdraw money from your account without your knowledge Forex is a new age buinsess and it help many unemployed people 

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.

It might be considered "get rich quickly" but it is a "get broke quickly" as well