Has anyone become wealthy from forex?

$400k is actually a big amount, it is really inspiring if he has earned this much amount from forex trading only.

Yes, its only from forex trading alone. i believe there are a lot of low-profile traders that made a fortune from forex or others investment, you'd be surprised that those people who seems average actually have large sum of saving (I'm working in retail banking line). So guys, don't lost hope if you haven't get there, it takes time.

once a time i thought yes there is no place without Forex which can bring profit very rapidly , but its a very complicated issue right now for me, not only for me , mostly traders become loser from this stock market.

I know one of my friend who making regular income with Forex, it is not big amount but he is happy with the earning.

For how long did he have to trade to reach that point?

Nice to know! Whatever the amount is; that doesn’t mean much; because being a consistent player is the real challenge!

Decent question. You should update your thread and ask specifically for a statement of a minimum of 1 year and a annual return rate of a 100% at least. What that means is if I gave you $50, then in one year you would turn it into $100. Simple enough. If you get comments along the line of, "Your expectations are too high," or "You're gonna blow up you piece of $hit," or anything besides the requested statement, chances are not only is that person a consistently losing trader with a negative return expectancy, but they're also morbid about the market and want others to be morbid as well. I guarantee you're not gonna find a statement that has what I suggested you can request. There is a possibility that others are simply not wanting to share their strategy, a strategy can be reverse engineered if the statement contains the trade record. But there's also a possibility that people who are "profitable" aren't making the returns that you would deem wealthy.

For me personally, the "wealthy" attribute can be measured on how soon can you double your account in a consistent manner, no account demolitions. Making 50% a year is decent but not gonna make you wealthy unless of course, you're already wealthy and your position sizes are able move markets. If you're wealthy then making 100% becomes more daunting thanks to liquidity and it just doesn't make any sense to continue risking the same amount as you would have when your account was still small.

its a good summary with more information. thanks for your nice post.

I think it is possible to become wealthy from this market if you have dedication and skills.

It is possible no doubt, but only with consistent efforts and hard work.
Without putting in efforts, becoming rich is impossible, not only in forex but otherwise too.

Many are making good amount of money by trading but the numbers are unknown. Usually most successful traders do not tell their story in public and which is logical.

I agree with this. I feel there are many profitable traders who aren't "filthy rich" but are silently making an impressive amount of earnings.

Obviously those who become rich will not announce their succes and money. Only people who want to teach or bring a course show their profit (could be fake also).