Today a great many people have the dream to become a millionaire some day because of media advertising and TV. The people see the lives of celebrities and millionaires and thereforex they want to have a similar lifestyle. So the most popular question is: Can I become a millionaire by trading Forex?
Yes, you can become a millionaire by trading Forex but you should have in mind that it is not easy like you can see it on internet advertising or media. When you start small let us just say with $5.000 and you are able to make 10% of your capital each month after five years you will actually be a millionaire. When you are able to make just 10% of your capital each month you can be millionaire. You can start with $5.000 and in five years you will be millionaire. When you start with $10.000 you can be in four years and when you start with $100.000 you will be in two years.
So with just 10% a month you can achieve your dream. Please think about it. In any other industry you can not begin with $5.000 and be a millionaire in a few years but in the Forex market it is possible. When you want to trade Forex because you think that you can be a millionaire between nightfall and daybreak or in a week or a month please stop NOW because you will drop all your money.
Forex Brokers almost always hide this reality and tell you tales about doubling your money between nightfall and daybreak. They prefer for you to lose your money to them at the soonest because when you follow the proper way for some years they will not see any major profit from you. Over the time of several years you will be the one who is maketing the true profits! This is naturally not in their best interest because 90% of the Forex Brokers are just market makers and do not have a relation with the market and banks. They just create a virtual market for you and let you trade and they are the ones who are making money if you lose. And they are losing if you make money. For them their only interest is to make you lose at the soonest and then they always try to motivate you to add more funds to your trading account and lose your funds more and more over the time.
When you really want to be a millionaire in Forex trading please forget about making money simply. You can not make a cold cash in the Forex market because such a thing does not exist. You definitely will need time to learn how to trade Forex, develop a trading system with 60% probability to win or more, learn money management and take your time to start trading just on a demo account. Please be patient! You should trade for a minimum of three months (the more the better) on a demo account. When you have success on a demo account then you can open a real account and start real trading. When you do not have success on a demo account then something is not right: perhaps your trading system or you do not pay attention to money management rules. After you know the error, correct it and after that you should restart trading on a demo account till you start seeing recurring positive results.