Can You Become a Millionaire Forex?

Becoming a millionaire is every forex trader’s dream. Many beginners search for examples of super rich in forex market, but usually fail to extract any documented proof on the internet. Does the law “if you can’t see, it doesn’t exist” apply to trading? Are there millionaires in forex?  

Let’s imagine for a minute that you are a millionaire. Would you really want to go around posting your glamorous income invoices all over the net? I don’t think so! When you start making a lot of money, you definitely wouldn’t want everyone to know about it. Unless you are eager to be robbed physically or strategically, it’s better not to talk about your earnings with anyone, especially not on forums or blogs. 

I always tell forex beginners not to post their live pips for their own safety. You would be surprised how many people are watching! The whole world is watching to see a winner. The whole world is ready to be jealous. The whole world wants a piece of you. 

Of course, there is a matter of pride and arrogance involved when it comes to big wins. Many forex traders can’t keep it to themselves and post large live pip gains to prove how good they are. I say, stay humble and keep your pips safe! The reason why you won’t be able to find a forex millionaire on some money-making forum is that these guys are smart enough to protect their identity and privacy.  

Once you able to grow your trading account to the size which will provide you with a solid monthly income for the rest of your life, you most probably won’t even bother returning to all the forums and blogs you used to read to advice other traders! Forex community will no longer be  of benefit to you!

The problem is that many traders come with the misguided hope of making a gazillion bucks, but in reality, they lack the discipline required for really learning the art of trading.

 All forex traders loose money once in a while

Ninety percent of traders lose money, largely due to lack of planning, training, discipline, not having a trading edge and having poor money management rules.If you hate to lose or are a super perfectionist, you’ll also probably have a hard time adjusting to trading because all traders lose a trade at some point or another.

Another mostly overlooked point is that forex trading is a business, not gambling. And as in any other business, your profits depend on the investment. Will it truly help if you know any trader that made millions? I can give you names, but in my opinion, their success is too irrelevant to even look at. They started the forex trading experience from a much different place than many of us are.  

Besides, big players in forex trading relay not only on the strategy, but also on information behind the scenes and influence they possess due to their wealth. Millionaires use their power by forcing things to go their way. So unless you possess an influential position you can’t just make it big. However, a smart forex trader can make a very decent living if he doesn’t jump over the head with greed.  In fact, he will probably make more than any best paying job his education can get him.  

Let’s say you start with 3K and turn it to 30K in a year, consider yourself successful. Heck, if you can just double your investment you are a successful trader! Any profit you make is relevant only to you, to your agenda, to your calculations and even if to some your success isn’t considered great, but if you started small and managed to turn it into profit instead of loss, in my opinion, you are going in the right direction.   

Everyone wants to be a millionaire! Just keep in mind that you can’t start walking without crawling first! Forex market is always changing and I think it is important to learn the art of changing with forex and adapt to it. Million dollars would definitely be fantastic, but hey, even extra 30K a year is awesome. 

And as for the millionaires, don’t bother looking for them. They are most likely too busy counting their money and trading some more! As you can guess, I am not one of them yet, but I have definitely improved my living with forex trading. My agenda as a forex trader is to make life easier by earning enough working from home. I, for example, don’t care for private planes, million dollar yachts or golden toilets. My agenda is to spend time with my family, go on vacations once in a while and have a good hot meal everyday.

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