Can the Forex make you rich?

Can the Forex make you rich?

For years, we have seen Hollywood movies selling us the idea of the gurus of finance, which become rich overnight with its expertise and intelligence. Now, how many people are did rich truth with finances? If we look at the list of Forbes, the vast majority of people reality has failed him on this path. The 100 richest in the world are not bankers, are people who have companies that produce "things" and they earn money with them (with the exception of the Investor Warren Buffet).

However, the dream of getting rich in the stock market still alive today thanks to the so-called "Trading".

Trading, more than one work is a philosophy. Is it based on that, with little work and much ingenuity, you can "win" the market with small operations with a lot of leverage (that is, put your money $1 but shopping options for $400, for example).

But there are many types of Trading, and among them, where the more you can win and lose, is in the Forex.

And Yes, I say lose because the most normal thing is that, if you invest in Forex, you lose all the money you've invested. Furthermore, 86% of all those who invest in Forex will lose more than it will gain. It's like a casino.

However, if you are talking about is whether can make you rich... well probably not so rich as a Buffet, but certainly you can make lots of money. Anything that you're an expert and spend enough effort to which he can make you rich, is cutting hair (and going to make shampoo) or with Forex trading.

Then, how to do to not be part of the 86%? Because there is not a recipe, you can take a series of important decisions before you begin to invest money:

• Not ever put money before they know nothing.

There are platforms of trading that you can "play" with play money. If you want to try, you can do so from there.

• Researches on forums, articles and videos about Forex.

Although the best courses may be paid, there are lots of free content that will help you start.

• Devote much time.

You can't win money recursively if it is a Hobby that you dedicate a few hours a month. If you want to make lots of money, then you'll have to spend much time.

However, it may that not everyone wants to get rich. Simply want to "complement" with some Forex income, do something fun you and enjoy it.

These people, I recommend them, if they want to do it as Hobby, do so but do not think they are going to make money. Because the largest fault is of those who begin as a Hobby, sees that they earn money and decide to increasingly invest more, and at the end by an improper ruling it lose everything.

And there are two rules of the investment Gold: do not invest money you need and try never to lose money. Yes, I know that they seem logical but for investing people we do much nonsense by let us go by feelings.

In conclusion, those who want to devote to fund with the Forex, a couple of recommendations:

1. You are unemployed, have debts and become a Forex trader out of your hole? Don't mess in this. The Forex is something very serious, where you can lose a lot of money and requires much experience can earn more than what you spend.

2. Have a planclear. Invest the money that you can afford to lose and think that everything you invest in the first months is an investment in your education, because most normal is it Miss everything or almost everything.

3. As it read in forums, you can do trading with little money. If someone tells you that "you have to start with $100,000 if you want to make money", do not case. You start with $100, or even $50 on platforms that allow it. Remember, the important thing is not to risk and learn at the beginning.

4. Test differentstrategies, but are faithful to them. Don't do strategy changes at the last minute. When it comes to learn, the most important is to go discarding strategies that don't work you... but to do so you first had to try them at 100%.

5. the most important thing is to be consistent. You have to be a few hours per day at a minimum so that the result is one. Again, you yourself must take this as a work of truth if you want to see results.

In short, Yes, you can take lots of money Forex... but remember that 86% of those who do lose money. If it is your decision to invest in Forex, do so seriously.