Get rich forex trading

Everywhere I turn there’s some new advertisement about forex trading and how you can get rich trading currency in the foreign exchange market. There was one particularly amusing advertisement I came across while reading my email. The headline read $1,000,000,000 in a Day? I was curious what kind of BS someone would be selling with such an outrageous headline so I clicked through. It was an ad for a forex informational product. At least it was good that the vendor wasn’t trying to tell people they could make $1,000,000,000 in a day. Actually, he was trying to tell them exactly that but not directly. He had a picture of Warren Buffet underneath the question “How Did This Investor Pocket $1,000,000,000 In ONE DAY?”

Well, hmm, let’s see, it’s  Warren Buffet and he’s currently the richest man in the world with a net worth estimated at around US$62 billion. So if Warren Buffet dabbles in a little forex trading you can sure bet he’s not funding his account with a measley $5000. He could easily turn $100 million into $1 billion in a single day because he has the money to do it. So using Warren Buffet to show that it’s possible to make a billion dollars in a day trading forex is ridiculous. And maybe it’s even ridiculous for more reasons than that because every billionaire could then be increasing their net worth by a billion dollars per day considering they can all afford to drop 100 million and still be filthy stinking rich. And for every billion they add daily they get back their 100 million invested plus an additional 900 million.

Don’t be taken for a fool. If you’re a little guy with hardly any money  to invest, you’re not going to make $1 billion in a day in forex trading. You’re not going to make $1 million a day in forex trading. You’re not going to make $100,000 a day in forex trading. You’re not going to make $10,000 per day in forex trading. You probably won’t even manage $1000 per day in forex trading although $1000 per day is more feasible. Of course, if you’re the king Midas of forex then yeah, it’s possible you can get rich. The opportunity is there. It’s just not very likely; but that doesn’t mean you shouldn’t make that your aim.