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Has anyone become wealthy from forex?

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.
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.
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.
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.
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.
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.
Yes of course! But how many people depends on what your perception of wealthy is!
Quoting ScottyCarson
Yes of course! But how many people depends on what your perception of wealthy is!
Do you know any such individual personally?
I've come across many messages here that people do not earn anything at all and I'm a little confused ahah
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
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?
Yes i have heard from multiple traders they they have made handsome amount trading forex but unfortunately not me
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 .
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.
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.
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.
Looks like they don't surf the forums
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.
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).
yes , same thinking i have ,
he is talking about the pro traders .
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