Has anyone become wealthy from forex? | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Who has become rich trading forex? 412 replies

Can anyone become a trader? 81 replies

What is the most anyone has ever made in one year on the forex market? 0 replies

Has anyone opened an offshore corporation or LLC for forex trading? 3 replies

Just Curious...Has anyone here consistantly made $$$ trading with Forex.com? 4 replies

Attachments: Has anyone become wealthy from forex?
Exit Attachments

Has anyone become wealthy from forex?

  • #121
  • Sep 13, 2018 3:31am Sep 13, 2018 3:31am
Quoting TruthBudha
Brokers make money from forex. Sellers of systems/EA'S/Technical analysis sellers, holy grail sellers make money from forex.
It’s a nice reply , sometimes I also feel brokers are more profitable than traders . most of the brokers in Forex trading are found to be scams.
  • #122
  • Sep 14, 2018 4:05am Sep 14, 2018 4:05am
Quoting AdamCrist
{quote} It’s a nice reply , sometimes I also feel brokers are more profitable than traders . most of the brokers in Forex trading are found to be scams.
I think the comparison of brokers with traders is not valid, its very obvious they will earn more than traders.
  • #123
  • Sep 21, 2018 12:10am Sep 21, 2018 12:10am
Yes it is , but there is no way to deny, every moment brokers cheat with their clients and they cannot take any major steps against their brokerage. It’s a great problem.
  • #124
  • Apr 16, 2019 6:06am Apr 16, 2019 6:06am
How many do you think ? I think absolutely not that much, maybe like 15% or so overall. And yes, those who make it much - do not or will not talk about that anyway. And yes, more stable way to earn money on forex is to become forex brocer. It's with no doubt.
  • #125
  • Apr 20, 2019 10:04am Apr 20, 2019 10:04am
I think 15% is probably too optimistic a figure. If 1% - 2% have actually become wealthy from trading (and I stress on wealthy, not just profitable), I'd be surprised.
  • #126
  • Apr 21, 2019 1:09am Apr 21, 2019 1:09am
The answer is obvious: no one who is actively trading !

Retail forex is glorified gambling.
It's possible to win some of the time, but never long term, and usually with dramatic consequences.
  • #127
  • Apr 21, 2019 4:44am Apr 21, 2019 4:44am
Yes of course! But how many people depends on what your perception of wealthy is!
  • #128
  • Apr 21, 2019 11:19am Apr 21, 2019 11:19am
Quoting ScottyCarson
Yes of course! But how many people depends on what your perception of wealthy is!
Do you know any such individual personally?
  • #129
  • Apr 21, 2019 4:16pm Apr 21, 2019 4:16pm
I've come across many messages here that people do not earn anything at all and I'm a little confused ahah
  • #130
  • Apr 21, 2019 4:18pm Apr 21, 2019 4:18pm
Quoting mlawson71
{quote} That's true. If someone's trying to sell you something - a strategy, an EA, lessons, etc. the first thing you should ask yourself is why they're not using that thing to make more money off trading.
Yeah, that concerns all the motivation and business courses as well
  • #131
  • Apr 21, 2019 4:20pm Apr 21, 2019 4:20pm
Quoting mlawson71
To return to the original question, I think that the main people who become wealthy from Forex are the people owning the brokers.
What all these brokers exactly do on forex and how can you own them?
  • #132
  • Apr 22, 2019 7:26am Apr 22, 2019 7:26am
Yes i have heard from multiple traders they they have made handsome amount trading forex but unfortunately not me
  • #133
  • Apr 22, 2019 10:51am Apr 22, 2019 10:51am
Quoting LanaBanana
{quote} What all these brokers exactly do on forex and how can you own them?
They facilitate trading for ordinary people. As for how to own them, you invest a huge amount of money into a building a company. So the people who own them were already rich to begin with .
  • #134
  • Apr 28, 2019 8:25am Apr 28, 2019 8:25am
Quoting Natalie45
Yes i have heard from multiple traders they they have made handsome amount trading forex but unfortunately not me
Try more mate; don’t lose your hope! To be a successful trader, you need to make sure your trading skill first.
  • #135
  • Apr 28, 2019 11:30am Apr 28, 2019 11:30am
Quoting Natalie45
Yes i have heard from multiple traders they they have made handsome amount trading forex but unfortunately not me
It takes a long time to learn to trade successfully. Try to have patience.
  • #136
  • Apr 29, 2019 8:07am Apr 29, 2019 8:07am
Quoting mlawson71
{quote} It takes a long time to learn to trade successfully. Try to have patience.
Basically, we read their success story mainly; no idea on their process! Success doesn’t come so easily.
  • #137
  • Apr 29, 2019 10:48am Apr 29, 2019 10:48am
Looks like they don't surf the forums
  • #138
  • Apr 30, 2019 11:58am Apr 30, 2019 11:58am
Quoting ZikriIrfan
{quote} Basically, we read their success story mainly; no idea on their process! Success doesn’t come so easily.
Whose success story? Forgive me, I don't follow.
  • #139
  • Apr 30, 2019 12:04pm Apr 30, 2019 12:04pm
Quoting mlawson71
{quote} Whose success story? Forgive me, I don't follow.
Maybe he is talking about the pro traders; (I don’t know exactly, but according to his last posts).
  • #140
  • May 1, 2019 1:54am May 1, 2019 1:54am
yes , same thinking i have ,
he is talking about the pro traders .
0 traders viewing now