Can forex trading make you rich? Although our instinctive reaction to that question would be an unequivocal "No,” we should qualify that response. Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.
Key Takeaways
- Many retail traders turn to the forex market in search of fast profits.
- Statistics show that most aspiring forex traders fail, and some even lose large amounts of money.