Can you get rich quickly from forex trading?

Focus on long term sustainability,

you will have outlier days/weeks/months, use them to your advantage.

I just had a couple, made a 1,000% roi this last week for $3,000.00

Over the two weeks before that I got $2,000.00 too.


But I normally average $500-2,000.00 in an entire month.

Currently sitting at around an 77-80% win rate for the year.

I have been trading for six years.

So I recognize that this was a really good series of trades. Which is why I am taking a few days off and pulling out the unexpected $5k to secure my profits.

These markets aren't going anywhere. There will always be currency markets to trade.

its a very nice post with lot of good logic and information. thanks again for the nice post.

No. You may enjoy the beginner's luck but you can not get rich quickly from forex trading.

Yes, Anyone can get rich quickly from forex trading if you have proper knowledge and experiences.

It depends on what do you mean by quickly. If we compare with other business it's quicker in trading provided that you possesses excellent knowledge, skills and experience. To become someone like that you need years.

It is never possible to get rich quick in Forex trading. And if one tries to get rich quick, he will lose his valuable investment. Forex trading requires discipline. If a trader trades without maintaining discipline, he will never be able to succeed in trading. Every trade has to be planned and proceeded with patience. But if you want to get rich quick, you have to be tough.

Just think business (include trading) as a marathon, NOT sprint! That obviously takes (much) time to process and grow, just like a new baby born. First phase, they're crying, then crawling, falling too, before can stand up and run! If your mindset get stuck with "get rich quickly" scheme from trading, you will treat trading like gambling! You'll trade emotionally, which sooner or later will destroy your account, somehow and someway. You should learn from your loss and your wrong also from your profit and wins, and you'll know that you're suitable for trading business or not. Be patient, keep learning, don't give up easily and...good luck!

That’s true. However, many traders come to the market hoping to get rich overnight which is kind of impossible.

That is often the result of deeply unethical advertising on the part of the brokers, unfortunately.

Yes, I completely agree. Not to mention, trainers who want to sell courses and people who want to make commission by trading on someone's part. There are is a fine line between marketing and scamming. New traders often fail to see the distinction.