If you take Forex as gambling then surely you will lose money.
10 pips a day can make you rich quickly 242 replies
I don't get how 10 pips a day can make you rich? 71 replies
Anywhere I can get free stock charts where I can quickly flick 7 replies
Once you can trade profitably are you rich? 43 replies
DislikedForex is the easiest and fastest way to become a millionaire. to be continue......Ignored
DislikedThe return on mutuals range from 10% to 20% on average, so guess if you are not sure about trading, you could always opt for mutuals and other forms of investment. On the start richer, come one, how many of us even started with a $10,000 account and increased it?? Either way, love the last few comments..Ignored
DislikedCan you get rich quickly from forex trading ? if not ? why not just do the job in general or if there is capital ,why not invest your capital in mutual funds, or leave it to fund managers or something like that , or on the other side if you earn 10% profit in a year in trading do not bother trading alone / does not need to work hard alone leave it to fund managers or mutual funds you will get over it with a smaller risk than the handle itself THX for your comments / participation / input , S.C.Ignored
Dislikedwhen this post said "get rich quickly" what was the definition of that? saying you get 10% every trade, or thinking I have 10k in my account, next month I should have 50k?Ignored
Disliked{quote} Just change your western currency to Zimbabwe dollars or Indonesian rupiah through your broker.Ignored
Disliked{quote} Why do people always name numbers but no source? So you are saying that its 1000x more likely to get rich with a business rather than forex trading. Any source? If not its just bs. There are statistics that a large percentage of businesses also fail (for sources google you ll find it quick). Its the same for this "95% are loosers" thing. Spread over and over again by people. Even if you show statistics that these people are wrong, they insist on the numbers. The next point is even more ridiculous: You are claiming that the number of people...Ignored
Disliked{quote} As a general rule, yes, many people probably would (and do) lose money. Then again, even when just 'investing', plenty of people lose money and lots of it (bonds, stocks, property, etc.) There have been numerous threads about whether Forex is gambling and the consensus seems to be that if you don't treat it like gambling, then you aren't. If you do, then you are. ;-) So, far, I've had least 4 decent intervals where I've made a fairly large amount of money (compared to initial stake). This activity scales exceedingly well, even into the 10's...Ignored
DislikedYes, you can get rich after you start trading properly, not influenced by the human psychology, losing the gambling edge etc. But for you to acquire this level of temperament you will have to work hard and spend some quality time. So it is not like easy money immediately! but on a longer run, if you survive the initial phase and have a clear mindset, you will not regret your decision.Ignored