Can trading Make You Rich?

Forex trading might make you rich assuming that you are a multifaceted investment with abundant resources or an uncommonly gifted cash merchant. However, for the normal retail merchant, rather than being a simple street to wealth, forex trading can be a rough expressway to tremendous misfortunes and likely penury.
 
E

eldavis

Guest
Forex trading can make you rich and at the same time reduce you to notting. The best to do would be to make sure you have all the basic knowledge about forex trading before you decide to give it a try.
 

Skysaint

Verified member
Forex trading can actually make you rich if not people won't be bothered or be so eager to trade in the platform, so there's no doubt that forex trading can make someone rich but in the same vein, it can also make you to grow insolvent and penniless if you are not very careful and that explains the reason why many spend up to a year learning about forex trading.
So the thing is that if actually we learnt what we are supposed to and have mastered the use of many trading resources then we stand a better chance to earn a whole lot of money from it.
 

Rezik

New member
Yes but it can also make you poor. Trading is not easy and 95% of the people trying to make money this way are failing. The odds are you will fail as well unless you really learn the market inside and out and learn to research what you are trading.
 

Wharf

New member
Forex trading works both ways, so if anybody wants to get rich, then he/she needs to learn everything available on forex trading. Learn, practice, experience, that’s the three ingredients for having any kind of success in forex trading.
 

Bookwormlux

Valued Contributor
Forex trading can make you Rich if you are having a lot of experience and have taken most time to dedicate yourself and study to understand what is really expected of you. This is the only factor that can guarantee your being able to be successful with forex trading in this our world today . There are a lot of people who are thinking about forex trading as a get-rich-quick opportunity who is the cable utilised to make as much money as possible but they failed to realise that it takes time and dedication .
A lot of these individuals do not take so much time to read available resources or watch YouTube videos to understand what it really takes to become successful in forex trading .

Some of them even take the shirt cost of attending some tutorial classes held by some individuals who pose themselves to be so-called experts in forex trading .

The fact is that , nobody can determine whether forex trading will make you Rich or not , you have a major role to play in making that a reality .

A lot of people tend to get things wrong and this is what usually make it difficult for them to ever become rich.
 

TOZZIBLINKZ

VIP Contributor
Obviously and absolutely yes , engaging in trading of cryptocurrency and forex trading has made a lot of people billionaires and successful to the extent that poverty can't even come close to them .forex trading and cryptocurrency trading is one of the present , most valued and prominent way an individual can make money online . Although cryptocurrency and forex trading is hard which makes it a bad idea for new online hustlers to engage in , it is yet advisable because it is highly paid . For example an individual may spend 1 week on a paid to post website just to earn $10 but in cryptocurrency and forex trading you can make more than $100 in a single day . yet in order for you to suceed in the investment of cryptocurrency and forex you need to have the right and proper strategy to follow .

To be more elaborate , you have to be a good forex market predictor . This is actually true because a lot of people fell into the currency and forex trading as a result of not being able to predict the forex market . And so they predict the market wrongly which makes them to lose their initial investment capital there by running on a lot farther than growing to profit . In conclusion , forex and cryptocurrency trading is one of the best way to make money online today but to aspire you need to be a good forex market Predictor and must also have good strategies to earn higher amount of profit .
 

Bookwormlux

Valued Contributor
Trading has made a lot of people to be very very rich and it has also cause so many people to lose their hard-earned money , because they failed to spend the needed time and acquire the knowledge that is expected of them .

This is a major reason why individuals try to make sure that they do not just rely on what others are doing and follow the crowd .

Those who refuse to seek knowledge first and decided to venture into trading because they see others making profit , are usually the one that end up losing out everything and then would generalize that trading is not a very reliable way of becoming rich in this life .

If you do not take so much time to learn the basics and what is expected of you, you will definitely not become rich through trading weather cryptocurrencies or forex trading .

The emphasis then is, for the younger ones to try as much as possible to see to it that they are not just in a haste to make money , but they are willing to follow the needed process that is expected of them so that they do not end up in a state where they will be regretting .
 

Sotherefore

VIP Contributor
Well what I can say is that it is quite possible for trading to make you rich but so many things are to be put into consideration , first of all the level of your expertise also play a very important role in determining the success in your trading. Personally I have seen someone that is really making a lot of money by trading of the volatile market and that is what the person have been generating is money from, The success of others is also an indicate that is possible for people to have a living trading by cryptocurrency or any other volatile market.

A lot of people may consider cryptocurrency trading or investment to be something very serious and dangerous , well in most cases this is not always true , the reason is because people with understanding will definitely make money with trading and those without proper understanding may lose their money . The most important thing is for us to just get an expert , sit down and learn everything concerning our area of business.

From my understanding this is just the only way you can succeed without any problem in the crypto space as others are doing. It's depends on you.
 

sincerem

VIP Contributor
All sort of trading can make you rich, provided you master one, you shouldn't think about mastering plenty of them, just few of the trading option is needed to excel. And not just rushing any of them, in order not to learn them half way, trying to earn full amount of money, because trading itself is risky, if you want to earn without your loss bigger than your profit, devoting more time to learn in order to become an expert in that particular trading option you opted for, gonna help bring in massive earnings. This days I'm putting more attention to learning than putting myself in frame of investment, when my knowledge isn't up to the level i wanted it before trading full-time.
 
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