A straight answer would be ‘Yes, off course, you can’! But there is a big checklist that one must satisfy in order to be a millionaire through forex trading. To sprinkle some motivation, there are many people who found their fortune through foreign exchange trading, but there is a sad flip too: there are more people who lost money through forex trading. But atleast losing money has something to do with your skill, ability, and experience. In fact, you can make a million through the job you are skilled for, but it requires perseverance and hard work. The same happens in business too, thus a factor common in both – ‘you’ is what determines your success in forex too.
The how the part is a bit time-consuming and liable of hard work, but ain’t impossible. The very first step in the process is to become a well-reputed trader. Here one must exhibit a consistent track record and profitable trades. Being a millionaire depends on this very first step, as long as you wait to be out of the shell and be a smart worker.
Either you can break the nut the hard way by spending a day in front of your computer, learn the figures, take aid from robots, eat time all time frames and sleep over it, ultimately your hard work will be paid off. But a much simpler strategy is there, often called a smart leap. First, learn all the basics of forex trading and bathe in its rules and game play. Now get to a trading platform and learn every nuke and corner. Start a demo account and start practicing virtual trading for a minimum of 4 ~ 6 months and master it. If you succeed in making a consistent profit about 6 months, skip to a live account with small funds. Again follow the same strategy and if profit doesn’t decline you are ready to play the high stake game. But be always aware that money doesn’t come easily, there is a lot of hard work and determination involved !