The forex market is the largest financial market in the world, with more than $5 trillion traded on average every day. 1 However, while there are many forex investors, few are truly successful. Many traders fail for the same reasons that investors fail in other asset classes.

Can you get rich by trading forex?

Can forex trading make you rich? ... Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

What percentage of forex traders are successful?

One commonly known fact is that a significant amount of forex traders fail. Various websites and blogs even go as far as to say that 70%, 80%, and even more than 90% of forex traders lose money and end up quitting.