It is possible to be rich in FX!

well yes if you have a big account and can trade profitably

You can not become rich in Forex but you can make an only a little amount of profit if you have good skills and experience otherwise it will be a difficult task for you.

actually amount is not a big deal in Forex trading , the main issue is to keep survive in there with consistent , anyone can bring profit for one or two times , but the main challenge is to maintain discipline level.

i disagree one of the major reasons retailers fail is under funding

what's easier to do more consistently

1% on 100k account = 1000 or
20% on 5k account = 1000

this is the power of a big account ..

Absolutely!!!...but its not easy at all(mentally particurlaly)

I have build a million dollars(billion rand) businesses holdings "empire" using forex and indices trading.

I have used forex to raise capital for most of my businesss ventures.(i douldnt get a job or a loan).so i went on and did it myself.

The thing is,its absolutely not easy at all,i think a lot of people underestimate the amount of hours and practice and repetition required to master your own "edge" or strategy,they think the will just open their laptops and easily get rich,....i wouldnt wish it(this career) on anyone.Infact i would advise any newbie to rather get a degree than come here.
its excrutiating mentally...thats my honest opinion.

1thing i have learned in Trading,taking trading as a career...its that its HIGHLY UNCOMFORTBLE!!!...infact,growing up or coming up form nothing,i have learned the importance of being comfortable in being uncomfortable,in acquiring massive wealth.(you need to accept that your entire life is going to be uncomfortable.)

I have branched into multiple business divisions now,multiple sources of income,to take off the financial pressure or burden of Trading.(aka not putting your eggs in one basket).

The beauty of doing it how i do it...is we have an inhouse hedge/capital firm that funds all our business ventures.(advantage of it being your own lender take the stress of having to deal with multiple banking corporations e.t.c)

so,Use trading to raise capital for all your business ventures.(but i gotta tell you its not easy at all).Elon Musk once put it nicely by saying..."being a highly succesful entrepreneur requires you to have a HIGH PAIN TOLERANCE"...and he was right.
while patrick bet david put it nicely by saying.."bieng a success in entrepreneurship is like going to the gym everyday without taking a break,especially in the first 5 - 10 years of your career."..imagine...social media glamourises the whole business entrepreneurship thing man,and they leave out the "ugly" or sweet grinding part behind closed doors.

Why,because in forex your edge can easily be challenged each single day,week or month,so the are no straight forward relaxed strategies,you have to always learn.You cant easily know everything.(the markets have something new to teach you everygday).

but to all those in it...go for it...you have nothing to lose...the rewards for all this are phenomenal...especially the freedom and independence to do whatever you want in your business ventures and your private life.

i would say all the pain is worth it.(i always hated the idea of having to beg for a job,a raise,a promotion and being at the mercy of someone else power trips,power games and kindness for my entire life),that is what kept me going through "all the pain" i went through before i struck my oil.

So i yes ITS POSSIBLE TO BE SUPER RICH IN FOREX AND INDICES TRADING.(no doubt).

Yes. It is possible. You just need knowledge and dedication.

Yes. It is possible to rich in the Forex market if you have proper knowledge and skills about trading.

Right. It takes time to know the market well. Success depend on how much knowledge and experience you have.

knowledge is important I KNOW , but besides this its also important to make sure good trading broker , because the broker can affect the result of our trading with certainly .

we should choose the broker which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose broker which allows trading concept such as this.

Becoming rich in Forex is possible, but it’s hard. Very few have achieved that and many already failed.

Of course, it is possible, but you have to work according to proper discipline and plan. And the risk-reward ratio has to be maintained. It is possible to achieve success by trading with patience.

its a fine line , good information , thanks fr your nice post.

becoming rich from trading not impossible but need a very long time with so many history.