There are some questions that everyone wants to trade with Forex are asking like
- How much money can i earn ??
- How many pips can i make per month??
- Can i start with a 10$ account and can i reach 100,000 or even a million??
But the most important questions that concerns all traders is can i become a millionaire with Forex trading??
The answer could be yes or no as it's dependent on some conditions.it's not a stable process and it varies always.
So, if someone have the right conditions he will make it and if he doesn't have good conditions he won't make it.
What's these conditions??
Let's say that if you wanna turn 100$ or 500$ or even 2000$ to a million it won't be easy at all, you will have hard times,difficult situation.
I'm not saying it's impossible to do that but it's very hard"every thing is possible,nothing is impossible".
You have to be patient and overcome the challenges you will face and one of them is choosing a good broker and it could be the most important challenge as Forex brokers don’t let you grow your account consistently, because in most cases, your profit is their loss.
There are two important things u have to do
- You have to learn and master your trading techniques.
- You have to own some money "capital" to start with.
To learn how to trade Forex, become a profitable trader and hopefully a millionaire, first you should have a source of income that supports your currency investment.
I mean this source of income should cover your expenses while trading because you could lose.it's not about profit only as it's profit and loss.
Most people think that they can learn to make money through Forex trading in a short time, and become a full-time Forex trader making thousands or even millions of dollars >> not true.
None of the real millionaires or billionaires, like George Soros, have made their wealth through full-time Forex or stock trading as They are experienced business persons who make a lot of money through several sources of income they have.
