How to Become Rich in Forex Starting with Only $30

How to Become Rich in Forex Trading – And what do you think the minimum amount of money is required to invest to make it possible?…

The term “rich” is  generally the issue for new traders.

Can you get rich trading the  markets?…

Yes. But if you go into it with that mindset you’re going to  make a ton of mistakes trying to make that happen.


The Key to Making Money in Forex

The key to making money in forex is conquering the psychology of  trading. You need to set aside whatever notions and goals you have so you  are able to take what the market has to offer.

Learning a system and  strategy isn’t hard. Patience and the ability to react appropriately,  without emotion clouding your judgment, are the hallmarks of a  successful trader.

Read Also:

So long as you’re consistently able to gain more than you lose; you’ve  won.

Start with $200 and trade a dime a pip. Continue to post wins,  build on your balance, and add more as you go.

My advice is to learn on a demo account then move to a live account with  a very small amount- a couple hundred bucks- and trade in micro-lots  for a few months.

Making the transition from demo to live at a high  amount is hard for new traders because you’re no longer playing with  fake money. That brings a new level of anxiety that you have to learn to  cope with.

As to how much you’ll need to quit your day job and such; that’s really  going to depend on how you want to live, what you need to survive, and  so on. It’s not really a question any of us can answer for you because  your income is going to be tightly tied to what you are risking.

And finally;

Hypothetically, yes you can become rich in forex starting with only $30.

For that you need a solid trading system, strict risk management, lots of patience and a little bit of luck.

Again- master risk management.

Read as much as you can  on it, focus your strategy on it, and read even more.

Live it….

Breathe  it….

It is essential for honing your ability to pass on less optimal  trades and preserving your profits.

Leave a Reply

Your email address will not be published. Required fields are marked *