Forex is one of the most exciting financial markets in the world and on the other hand, trading in Forex is one of the most lucrative and of course the most risky trades that anyone can experience. But is it really possible to make billions from Forex? The answer to this question depends on the audience. Audiences who type this question in Nova Trader’s comments or share it with us on social media are usually divided into friends.
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The first group is people who do not have much initial capital, do not have a good monthly income (sometimes have no income at all) and look at the international currency market as a way to get rich quick. The second category of the audience of this question are people who have a relatively good initial capital to enter the market and in addition have a good income from their initial job and are easily able to support themselves.
Who is earning billions from Forex?
As we have said many times in the Forex training section, trading is suitable for people who do not have a problem in meeting their monthly expenses and spend their days easily. There are many scientific and psychological reasons for this, the most important of which we will discuss here.
You will never succeed if you are concerned about making a living while trading. Because the human subconscious mind is always looking to solve problems and improve living conditions, this gives you a hand when trading. You will take positions imposed on you by your subconscious mind and accept that they are possible positions for profit, but you will later find that they are completely unprincipled.
You will also have the following problem with profitable positions:
If you make a profitable deal in the previous paragraph, your subconscious mind will allow you to close your position manually ahead of time and before it reaches its profit margin, because seeing the profits, however small, It forces you to withdraw that profit in cash from the market and spend on your necessities.
This is a sad but real tragedy, in fact more than half of the people who are attracted to these markets start trading due to insufficient income, but for this very reason they lose their capital and are expelled from the market.
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