can forex trading make you rich?

Can Forex Trading Make Me a Millionaire?

The answer is yes. In the year 1992, a person named 'George Soros' made one billion dollars by trading in currencies.

Forex is also known as the Foreign Exchange Market involves currency trading. Just like shares are traded in the share market, the commodity is traded in the commodity market similarly, the currency is traded in the forex market. As India’s currency is Rupees, USA’s currency is Dollar, UK’s currency is Pound, Japan’s currency is Yen, in the same way, every other country has its currency in the world.

Based on the fluctuations in the currency market, can one make money by trading in currencies? The answer is yes. In the year 1992, a person named ‘George Soros’ made one billion dollars by trading in currencies. Due to this, the Bank of England had to bow down to him as well as England had to declare a ‘Black Wednesday.’

George Soros quotes, “Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.” Simply put, it means markets are uncertain and if you think like no one else thinks and you grab the opportunity you get, then you can make profits by trading in currencies as no one has made before.

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