You get paid a 'lowly' monthly salary from the market only if you are consistently good. I value realism over dreaming. I prefer the question: 'Has anyone went bankrupt from trading Forex?'
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I agree. Unfortunately the answer to your question is that a lot of people have. 90% - 95% of traders lose their money.
As everybody now, 95% of people lose, and the rest 4.9% (myself included) makes a good income from forex, and only the remaning 0.1% can get wealthy from forex.
I think that in order to trade Forex to become wealthy, the person must be a fund manager. In this way, the leverage effect that he/she can get is huge.
I think that in order to trade Forex to become wealthy, the person must be a fund manager. In this way, the leverage effect that he/she can get is huge.
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The leverage effect is the same, or even better for retail traders.
But your sentence started correctly...fund manager...using external funds ( not rely only own money) and earn from it.
{quote} The leverage effect is the same, or even better for retail traders. But your sentence started correctly...fund manager...using external funds ( not rely only own money) and earn from it.
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Yeah, agree with you. while I said the leverage means utilizing the magnification effect of huge amount of money from various investors, which form a fund for you.
BTW, do you know any trader become wealthy? (My definition of being wealth by trading is very loose, maybe more than $200,000 per year profits would be considered)
Percentage of wealthy foreign exchange trader is not huge, because many forex traders failed to reach the notch of forex trading. But less amount of traders who can make that way they are very much wealthy. We can see documentaries in YouTube about them, and can get inspired. We can see only the position of them where they are standing right now, but we forget to see what they crossed over to get this position. There is lot of hard work, patience even failure if we see behind.
I know people who have learned to make a tidy profit that is a good and helpful addition to their general income. It does happen. But I don't know any people who have become truly rich from it.
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I got your point! But the fact is, pro traders are very silent! You may see, so many Forex related posts on social media from FaceBook to Twitter; most of them are retail traders and they are struggling in their trading! By the way, I know many successful Forex traders, who are trading for the living!
{quote} I got your point! But the fact is, pro traders are very silent! You may see, so many Forex related posts on social media from FaceBook to Twitter; most of them are retail traders and they are struggling in their trading! By the way, I know many successful Forex traders, who are trading for the living!
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How long did it take them to get to that level? Do you know how old they were when they started? Do you think it mattered?
That’s really true; no doubt all of popular Forex educational sites are making enough money! Besides, they are helping new traders to learn Forex; really a great job.
Hello,
honestly, nobody gets rich,
all who know you are supposed to sell are good ?????
nobody knows or sees when an order comes on the market buy or sell
the question arises why, fx broker does not allow us to inspect
Please ask all for your broker, why there is no program for mt4 or mt5
No matter what they are called, nobody wants that
look at the ninja8 or atas there that is possible
Hello, honestly, nobody gets rich, all who know you are supposed to sell are good ????? nobody knows or sees when an order comes on the market buy or sell the question arises why, fx broker does not allow us to inspect Please ask all for your broker, why there is no program for mt4 or mt5 No matter what they are called, nobody wants that look at the ninja8 or atas there that is possible
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That’s not true! Of course; pro traders are making the decent amount of yearly profit and so consistently!
