Can forex trading investment make you rich?

Niyi Briggs

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• Jul 10, 2024

• #21

Forex can make you rich. However, you would need deep knowledge, substantial investment and a little bit of luck to succeed in it.

 

Hate2Wait

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• Jul 11, 2024

• #22

I think it can because the risk involved is so much that it can either make you or break you so you really need to make your mind that you can be in trouble too

 

jetsaints30

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• Jul 11, 2024

• #23

Yeah, forex trading can be really risky. I've heard some horror stories about people losing a lot of money. It's definitely not something to depend on for your entire income.

 

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Etini Willie

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• #24

The speed at which people lose money from Forex trading is always amazing to me. It can make you rich in seconds and ruin you in seconds too.

 

Carson20t

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• Jul 11, 2024

• #25

That is the thing that gets to scare me to Implement and start trading. I fear that I just might lose a lot of money from trading. The point still stands that to make money online as a forex trader then one needs knowledge.

 

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Rubz

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• Jul 11, 2024

• #26

Yes, forex trading investment can make one rich but it can also cause a high loss if one isn't careful.

 

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Nite

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• Sep 1, 2024

• #27

eldavis said:

I believe forex trading has the capabilities to make you rich but at the same time, i would not advice anyone to rely on just forex trading alone.

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I agree, forex trading should be seen as just one part of a larger investment strategy. It can be a valuable tool for growing wealth, but it shouldn't be relied upon as the sole source of income.

 

Shavkat

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• Sep 1, 2024

• #28

Nite said:

I agree, forex trading should be seen as just one part of a larger investment strategy. It can be a valuable tool for growing wealth, but it shouldn't be relied upon as the sole source of income.

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You are right. It needs to have a working capital to engage with this kind of venture. We do not want fall short during the process.

 

eldavis

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• Thread starter
• #29

Nite said:

I agree, forex trading should be seen as just one part of a larger investment strategy. It can be a valuable tool for growing wealth, but it shouldn't be relied upon as the sole source of income.

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Exactly, I have seen people who rely on just forex trading and how they become stranded sometimes when a particular trade does not pay out.

 

Hate2Wait

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• Sep 3, 2024

• #30

It's only forex trading that can make you rich or poor because its so risky and if you can master that then you can do a lot better

 

Starmix

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• #31

My neigbor became wealthy because of Forex trading. They do not work in an office only investing on Forex. He and his son are successful Forex traders.

 

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Stardom22

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• #32

As far as l am concerned,l have never participated on that venture before. However l have read from forums and social media sites that most foreign exchange investors had really made it to their financial freedom.

 

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Nite

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• Sep 3, 2024

• #33

eldavis said:

Exactly, I have seen people who rely on just forex trading and how they become stranded sometimes when a particular trade does not pay out.

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Relying solely on forex trading can be risky as it's a volatile market and there are no guarantees of success.

 

Hate2Wait

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• Sep 4, 2024

• #34

Forex trading has the capability to make you rich as the risk involved in forex is so much that you can also lose a big amount

 

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Nite

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• Sep 5, 2024

• #35

That is true in forex, while there is potential for significant financial gain, there is also the possibility of losing a substantial amount of money.

 

Carson20t

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• Sep 7, 2024

• #36

I have been learning about forex trading and i have reached an advanced stage. What most of the people have shared here is accurate and it is important that people get to realize that forex trading requires that you undertsnad what exactly ou are getting you are getting yourself into.

Above all what is important is that you get to understand the skill and also that you have a proper risk managment to ensure ou have more wins than losses.

I also think that it is important that you get to have another reliable source of income to replenish some cash if ou get to lose some.

 

Hate2Wait

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• Sep 8, 2024

• #37

Nite said:

That is true in forex, while there is potential for significant financial gain, there is also the possibility of losing a substantial amount of money.

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That's why forex is useful because it can make you rich and can make you broke too so you need to be careful when you invest in Forex

 

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Ratine

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• Sep 21, 2024

• #38

Of course it can. That is because l have read about so many people that have really become rich over that that venture.

 

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Nite

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• #39

Many people have become very wealthy by trading in the foreign exchange market .