Can you get rich quickly from forex trading?

It's better to start with small money and good trade agency, work harder, you will become richer.

YES, you CAN get rich quickly in Forex Trading, margin trading is one of the best ways to get rich quickly. However, I can almost guarantee you that this wont happen if your sole purpose is to get rich quickly. This is because when you go to the market with that mentality, you are most likely going to lose everything. In other words, while it is important to set profit goals, risk management is even more important, and this involves allocating your trades 1%-3% risk exposure. When you do this, it shall be a gradual, but more realistic way of netting profits in Forex Trading.

In my personal experience - people, who say that they can become rich with forex very quickly - become poor very quickly with forex)))) Life and money love balance ))

Exactly my point, which means you can, but you probably wont. I agree that it is important to find the balance in your trading strategy in order to make money in the Forex market. A too ambitious strategy could make you poor within months, while a very pessimistic one will take ages.

It depends on what is "Quickly")

If you're trading forex with the mentality of "getting rich quickly", then you will probably have a 1% chance of doing that.
Most likely you will lose all your money quickly.

its easy to make profit but getting rich with constant wins is hard. Anyway you need to make effort to learn knowledge.

It seems so, but it gives lots of benefits. After some years of trading the risks are getting lower, because you know how to deal with them.

YES. But losing can be even quicker. The thing is when I start trading small it usually goes my way (proportionately); and then I go for the big and the rest is history repeating itself.

i am with you on the same boat. i currently have a day job making me 3000$/month and i don't have many expenses. im trying to build a gradual side income. if i could get 100$ for 1000$ investment doing side trading a month. i would be really happy

It's not a good idea that hope to get rich quickly from forex trading, you'd better to start with small profit and step by step. Forex trading should be a long term and constant profit should be objective.

If you decided to do something you shud first of all love to do it. Not looking at account and suffering. But be really interested. Then to learn how to trade. Then earn money. Sure its not fast. But once you learnt you can earn discent money, know a lot about economy situation in the world and work wherever you want i mean another city or country.

IF you really work for it and have the right attitude you can get their,
you just need to learn everything from forex first , watch videos , watch tutorials, watch strategies , test 1000 strategies

Then stick to one strategy works for you, if that strategy fails 1 day then figure out what went wrong and just make differences to the strategy
and really watch why it went wrong , maybe you traded on the wrong time etc etc.. so it gives you higher winrate

I trade now for 1 year , i struggled at the beginning i invested 5500euro , and i lost 2500euro
but from the faults that you make you learn 1000times more , you really need to analyse what went wrong and adjust your strategy
untill it gives you a winrate where you make profit off.

I made my account up to 120 000euro now

also a tip : stop use all those stupid useless indicators some people use 3000 indicators , no just keep it simple and look every day for that 1 oppurtinity
where your strategy fits into that situation

People that faill and make losses , they just overtrade and use too much indicators and make it too difficult for themself
even if you trade only 1 time in a week always when you see that 1 thing that gives you high winrate , then stick to that , DONT OVERTRADE

i couldnt agree more with the above, trying to get rich quickly will result to lose quickly, learning and practice can take time but hopefully learning from mistakes will result profitable strategies

Getting rich quickly can be a very risky game. When I save risky I mean the same way you can make money fast you are more than likely going to lose it fast. Is it possible to get rich quickly through forex trading? Absolutely, but like I just said it involves a lot of risk. Personally I have bee trading forex for approximately 2 years now. I wouldn't say that I am a pro, but at the beginning I had my good months and my bad months. For the last year or so I can say that I have had a steady but sure growth. I stopped taking too many risks and I saw that I could make more profit over the long run through this method. Taking it a t slower more informed pace.

Yes, you can get rich very quickly trading in Forex if all of your margin trades close in winning positions. However, for very good reasons, Every Forex trading broker has a disclaimer on risk associated with margin trading. Therefore, it is highly recommended that a trader be prepared to lose everything in their trading account, which may not play well in the part of getting rich.

My opinion is that trading in forex requires traders to focus more on reducing trading risk rather than maximizing returns. You can make decent returns on a monthly basis without having to trade on high margins.

Well said moonshot, i think most of us make this mistake "trading in forex requires traders to focus more on reducing trading risk rather than maximizing returns. You can make decent returns on a monthly basis without having to trade on high margins."

There is no such thing as getting rich quickly imo; in other words, the odds are so heavily-stack against you that basically it isn't worth it. We just have to stop looking for quick fixes and start realizing that in order to succeed we need to grind - fail, get up, fail some more and once more, get up over and over again. The same can be for FX trading. If you are looking for the quick fix, you are already a loser imo.

Before thinking about getting rich quickly, consider this parable:

First chop wood
Then carry water
Enlightenment.
Then chop wood
Carry Water

I'm learning my ABC's, I think it is possible (hope so),
already discovered pitfalls in signals, broker calls (some good, some a/c destroying), over trading and the psychology of waiting for a wave to crest (or trough).
The mystery of the Psychology I feel is the key,
total novice but with work; I know I can!
At the end of the day, we all make choices (me not trading but looking @ forexaliens thread in systems (been highly recommended by a few yellow stars);
and me hoping someone may point me in a good direction as far as the psy (in other factors ahead of most)

In Forex you shouldn't think to get rich quickly, you have to got some experience and patience at first, then when you will got it, you would got a good chance to become a rich person