Can I become a millionaire by trading Forex?

N

ote that ALL forex traders LOSE money on some trades.

REMEMBER: 

Forex Is Not A Get Rich Quick Scheme! 

Many retail traders turn to the forex market in search of fast profits.

If you hate losing money or your wife/husband keeps you on a tight schedule where the money goes, FOREX IS NOT YOUR PLACE. 

If you are unemployed or you are in debt and can’t afford to pay your electricity bill or you can’t afford to change your leaking sink, again FOREX IS NOT YOUR PLACE! 

You should have at least $10,000 of trading capital that you can afford to lose.

Don’t expect to start an account with a few hundred dollars and expect to become a multimillionaire.

You might think of Forex as your gym membership, where you tell yourself that you will be disciplined and go every day, but most of the time you don’t do it and you lose money every month. If you do think like that, please don’t!

You will lose much more money than your 30 quid for a gym membership!

This reflects your future!

Only a small percentage of traders make a killing. And those traders are highly experienced ones. 

You can be one of them, if you are prepared to take your time learning the art of trading, instead of looking for quick money. 

Short term trading IS NOT for amateurs, and it is rarely the path to “get rich quick”. You can’t make gigantic profits without taking gigantic risks.

A trading strategy that involves taking a massive degree of risk means suffering inconsistent trading performance and large losses.

A trader who does this probably doesn’t even have a trading strategy – unless you call gambling a trading strategy!

Forex trading is a SKILL that takes TIME to learn.

Unlike other investments, your skills are your own assets here. 

Skilled traders can and do make money in this field. But they lose money every now and then, as well.

“In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” – Peter Lynch

Don’t think of your trading as a regular nine to five job. You won’t make money every day and, if you’re successful, you won’t need to.

But you can’t depend on trading to be the way of making a living in the beginning! 

It takes a lot of hard work and skills in order to start profiting. 

There are NO shortcuts to forex trading.

If you don’t believe us, at least try to believe the words of one of the most successful investors in the world and one of the richest men – Warren Buffet.

“The market is a device for transferring money from the impatient to the patient.” 

“Don’t test the depth of the river with both your feet while taking the risk” 

“The question should not be how much I will profit on this trade! The true question is; will I be fine if I don’t profit from this trade.” – Yvan Byeajee 

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NOTE: It should NOT be assumed that the materials presented in Nuubie (the methods, the articles, the techniques, or indicators) will be profitable, or that they will not result in losses. Any reliance you place on such material is therefore strictly at your own risk.
Risk Warning: Trading in CFD’s on Leverage involves substantial risk of loss to your capital, they are complex products and are not for everyone. Between 74-89% of retail investors lose money when trading CFD’s. Trade with caution.