can forex trading make us rich?

Answer 1

Not likely. It is a high risk activity. Invest only what you can afford to lose. Consider it a form of high stakes gambling.

Answer 2

If you make informed decisions and approach your penny stock investments with the same thoroughness that you’d use in your other investments, you too can unlock a whole lot of profit potential. Learn here https://tr.im/zEVpF

It’s absolutely true that penny stock investors can make very quick gains. Synutra International, Inc. (NASDAQ: SYUT) is a great example of a penny stock. This dairy-based, nutritional-products company has jumped from a little Bulletin Board operation to a billion dollar corporation. The company finally graduated from Over-the-Counter status to the NASDAQ Stock Market bringing with it 113% gains in less than two months.

This happens all the time and it’s how some of the best investors in the world became the richest investors in the world. Buying some shares for pennies on the dollar and selling at $10 or $20 is possibly the fastest way from being a hobby investor to a super investor

Answer 3

95% of the investors that try to trade FOREX... fail.

This is high risk business. Can it make you rich?.... YES.....
but it's more likely going to make you poor.

Take a year (at least) to learn FX. Study hard. Paper trade.
Only then will you be able to judge the reality of Forex.

Answer 4

I made 17,000 one Friday lunchtime trading on the US employment data release using Oanda.

I had 10,000 in there before the trade, with a 50:1 leverage, 100% exposure for 15 minutes.

But I'm not rich.

If you are good and know what you are doing you can get rich but it's tough.

I am currently short 5 million USD/JPY from 119.00 looking for 113.00 in the next 5 months.

Answer 5

the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

Answer 6

The rewards in FOREX trading is very high, so you can get rich quickly.

One of the reasons why the rewards are high, is because teh risks are high. You can lose EVERYTHING you have very easily and quickly.

DO NOT ENTER this market unless you have specialise knowledge and HUGE amounts of money.

Answer 7

High investment=High risk
Low investment=Low risk
No investment=No risk

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It's very personal and it depends on how you define a good career or business. First, set a goal for what? do you want in life. Plan what you will do to reach your goal.

I always tell people this, 'You can make money if you can create website or blogs'. by providing free and good information.

I'm 41 now, work from home in shorts and T-shirts and sometimes topless. I set my target as low as to make 1 dollar/page/day. I strive to create a new page for my websites everyday but I have all the freedom I need and making money 24/7 on the internet with Google Adsense and some affiliate programs. The only thing that tie me down is 'how much income I want or need'. Because the more websites and traffic I have will determine how much income I can much.

Anyone who can create websites or blogs to provide lots of good information can make money from Google Adsense. Blogger.com and Google pages lets you create blogs for free and allows you to make money too.

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Answer 8

hi there I can think you, yourself can be a good broker for forex trading provided you choose an excellent trading platform... Gnutrade is an good trading platform where you dont need any brokers either for forex or stock trading

Answer 9

Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/fb19f

Answer 10

A common misconception is that you will have to be a financial and business expert in order to successfully trade binary options. However, this is not true at all. Learn here https://tr.im/1LfKD

Perhaps it’s true when it comes to traditional stocks trading but definitely not true in the case of binaries. You don’t have to be an expert to predict the movement of certain assets.

Answer 11

Currency trading, day trading, and options trading are all risky business. Stay away from it. If you have money, invest in Government Bond. Canadian banking stock are quite safe too.