Forex is a scary word you know what 95% of the people went to this business were failed and broke LOL..no wonder a lot of people getting scare, yeah it's true especially for the beginner trader without a system without a control money management do knot knowing the market habits etc.

My friend came to me he asked to learn Forex I said to Him "Don't go to this business do your own remember, everything is not for everyone, your wife is not for everyone, lol..forex also forex is not for everyone not all the people become a doctor or an enginer just do your own job seriously". It's not an easy thing like take a candy from the baby Nope !!!!! no one come instantly. 1-2 years is not enough.

Be informed that 9 out of 10 forex investors lose their money in forex trading. If your intention is to get rich with forex trading, the secret lies in being that single one, out of the ten, who did not lose his capital quickly. And by constantly not losing your money in currency trading, you can build up your equity slowly, and pretty soon you should get rich with forex trading.

Understand everything you can about forex trading. Search online for information about forex, forex trading, forex investments, forex signals, trading strategies, forex brokers, managed forex accounts, forex trading platforms, forex automatic trading and the various forums. Comprehend all things that you can and try to absorb them.

Not all thing you have read is true. After absorbing what you have searched online, learn to analyze and discern which are facts and which are just hard-sell stuff to offer you a product. Analyze which are the things that you can actually check as truth and which ones are just out there to market forex.

Today, we’re gonna talk about the question of the century ! Can you get rich trading the forex ? Because we have to retain that the purpose of trading is making money on the long run… I see people who say “Oh my god you’re always thinking about money !”. I asnwer that trading the currency market without thinking about money is a hard challenge… Isnt it ? And in the end the goal of everybody out there is to make money…

But here’s a first little tip… If you want to trade correctly the forex and be profitable on the long run you must stop thinking dollars or euro and have to think points ! Do that and trust me it will help… Anyway, we’re not gonna talk about that this time…

Let’s focus on the main topic… Is it possible to get rich on the forex ? My answer is simple : yes but it will take some time except if you’ve got a $30,000 starting capital ! Once again, everything’s based on money management… Money management is the key. If you follow your money management plan, you’ll make money.

Of course you can’t get rich in one or two years with a $1000 starting account… It’s not possible. But it doesn’t mean that you can’t get get rich with a $1000 starting capital. It will only take more time.

Most of the forex scams out there are proposing some unbelievable plan which will let you able to make $1,000,000 in one year startint with a $500 account. That’s untrue. Come on let’s be serious, if it was possible, everybody will be richer than Bill Gates (which by the way became again the richest man on earth !).

You can easily make around $5000 on your first year with a $1000 starting capital, that’s what I did and trust me if I did that, everybody can ! You’ll make money on the long run with a great forex method because each time your capital grows, you can increase your lots and then make even more money.

So the answer is yes ! By working, following your money management plan and having a great forex method, you’ll be able to make serious money on the forex market !

Try out a demo account. There are various forex brokers that you can find on the internet. And many of them let you try demo trading accounts at no cost to the user. Choose one broker that you can trust (of course, you can do this also by researching) and open a demo account. Initially trade with demo money so that you can have a feel of how it is to trade forex without risking your real, hard-earned cash. You can now also utilize all the materials that you have learned in your forex research.

Improve your trading strategy. While demo trading, begin developing the strategy which would fit your trading character and investment goals. Since it is just a demo account that you are using, be bold in trying out new systems. Try different strategies, or combination of systems. See which ones will provide the maximum profits while minimizing risks.

Ask for assistance from professionals and specialists. You can post you trading strategy on various forex forums so that other forex experts can help you improve your strategy. Ask the views of others who have had more experience in forex trading. You may also employ the help of providers of free forex signals to help you with your decisions. And also, you may consider managed accounts where forex experts handle your trading account for you if doing it on your own proved to be disastrous. Just choose forex managers which fit your trading personality and investment goals.

Register a small real, live account. Since you have now prepared yourself thoroughly, you are now ready to take the dip. Register a real, live forex account with the forex broker that you find most trustworthy. Deposit a small amount that you can afford to invest and lose if things do not turn out okay for you. But you must also take into consideration the type of trading strategy that you employ when deciding the starting amount of your equity. It must be adequate to hold the kind of trading that you would be applying.

Do not be greedy. Place a limit on your exposures per trade that you make. Set limits on how much losses you can afford in any given week. Always work the numbers. Always evaluate based on percentages of your capital. Be pleased with small amounts since you are just starting out with a small account. Remember that in the beginning, what is more important is that you learn the value of discipline by sticking to your trading plans. And a strict capital management would make sure that you would last in this very dangerous investment option. By avoiding being among 9 of the 10 losers in currency trading, you can slowly build confidence and proficiency to maintain being a winner in forex trading. Build you equity gradually. In this manner you can compound your earnings and start increasing your capital. This is the slow approach of how to get rich with forex. This is the sure way of how to get rich with forex.

Don’t forget to trade safely !