Is Forex only for the rich?

[Ben Thompson]

As I recognize that also have numerous the trader is wealthy although the forex trading they make the buying and selling at the forex and also because they have got make the trading in here, make them can be given the wealthy on their lifestyles even though the foreign exchange and cause them to have greater time to spend to the foreign exchange

[Vaabum]

Why do you think so? In fact, small amounts can be invested in forex in order to get the desired result.

[John22]

1 hour ago, Vaabum said:

Why do you think so? In fact, small amounts can be invested in forex in order to get the desired result.

I agree, with little capital you can start. Just don't be greedy because you will lose the little you have.

[Vaabum]

I would say a definite no. It is important to understand that trading allows you to invest even small amounts

[bigxy]

Yes small amounts can be a good start which also helps in testing the broker processes like withdrawal etc which can't usually be tested on a demo account provided for free by the broker.

[Upoctin]

Forex is a good business that can earn you a lot of money. Working sincerely will help you to become successful. Forex is not for rich people but for middle and poor class people, because they have plenty of time to devote to forex trading. 

[Vaabum]

To be honest, I'm not entirely sure about this. When I started working with a broker from ExpertOption, I started with the minimum possible amount.

[FXOpen Trader]

On 3/11/2022 at 5:55 PM, Vaabum said:

To be honest, I'm not entirely sure about this. When I started working with a broker from ExpertOption, I started with the minimum possible amount.

In the foreign exchange market it is better to use a trading strategy that is more reliable

[Vaabum]

Rather, the opposite is true. Forex, on the contrary, allows you to make good money, which is more likely not for the poor.