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Forex Trading Can Make You Rich

Forex trading may make you rich assuming you are a multifaceted investment with abundant resources or an abnormally gifted cash broker. <br>

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Forex Trading Can Make You Rich

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  1. Forex Trading Can Make You Rich wallstreetinvests.com

  2. Forex trading can make you wealthy. While our instinctive response to this question would be an unambiguous "No", we need to qualify it. If you have a large hedge fund or are an exceptionally skilled currency trader, forex trading can make you wealthy. Forex trading is not an easy way to make it rich. It can lead to huge losses and even penury for retail traders. wallstreetinvests.com

  3. First, let's look at the statistics. Bloomberg reported in November 2014 and forex trading news update that 68% of investors suffered losses in trading currencies during the previous year, according to reports from two of the largest forex companies of the time (Gain Capital Holdings Inc. and FXCM Inc.). This could mean that only one third of forex traders loses money However, this is not the same thing as trading forex for a lot of money. trading currencies. wallstreetinvests.com

  4. Fraud and Market Manipulation There have been instances of fraud in forex markets, like that of Secure Investment which lost more than $1 million in investor funds in 2014.6 Market manipulation has been rampant in forex rates and has included some of the largest players. Five major banks were fined $6 billion in May 2015 for manipulating exchange rates between 2007-2013. This brings the total amount of fines imposed on these five banks to almost $9 billion. wallstreetinvests.com

  5. Excessive Leverage While currencies are volatile, they are rarely subject to violent gyrations such as the one described above. A significant move of the euro to 1.20 against the U.S. dollars over the course of a week is still less than 10%. Stocks can trade up or down as much as 20% in one day. Forex trading is a great way to make money, as you can leverage your gains and losses. wallstreetinvests.com

  6. Asymmetric Risk to Reward losses low and make large gains when they call the currency correctly. However, most retail traders do it the opposite way. Forex traders who are experienced keep their They make small profits from a few positions, but then hold on to losing trades for too long, resulting in a significant loss. You may lose more than you initially invested. wallstreetinvests.com

  7. Platform or System Malfunction Imagine what it would be like to have a large trade that is not possible due to a platform malfunction, system failure, or any other type of disruption. This could range from a power outage or an Internet overload to a computer crash. This would include extremely volatile times when stop-loss orders do not work. Many traders had tight stoplosses on their short Swiss Franc positions prior to the currency's surge on January 15, 2015. wallstreetinvests.com

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