What is the reality about forex? We start trading to getting rich or getting a second job?
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Hi @Abdjawid,
Forex is just like other business. You need capital to start.
Before you have sufficient knowledge, getting rich from it will be impossible.
Similar to popular startup business. Many of them, even when angel investor had fed them big sum of money, they still fail due to inadequate skill.
Any business when you know how to operate them properly, will be a good of source of income, including forex.
So, is forex can be a get rich business? The answer is yes, only when you know how to do it properly. Don’t involve in forex by rely on luck. You need solid skill, mental and big sum of money. 
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I think forex isn’t some get-rich-quick thing. it’s more like picking up a second job. You’ve gotta put in the time, learn, and stay consistent.
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There is a third approach to trading which, IMO, is more sensible, albeit less glamorous, but more realistic.
I have always considered trading as an efficient, cost.effective, flexible and dynamic investment tool.
One is not limited to just forex, there are also indices, commodities, individual stocks and shares, cryptos, anything that is available in CFD’s and other derivative instruments.
Leverage means being able to invest in instruments with larger sums than your actual available capital thus improving the income (if used properly).
It is a very cost-effective way of investing, both near and long term, and facilitates very fast liquidation and transfer of funds.
One can use CFD trading as an effective engine for generating capital that can then be routinely withdrawn and invested in other, more permanent, assets.
You just have to learn the skills of smart investing and managing your exposures.
Many, perhaps most, Newbies only have the blinkered view/dream of “making millions” - and in reality pracitcally none of them every get even close to that. Indeed, at least 80%, probably even more, even lose their original capital.
Just my thoughts, anyway, as a long-term investor/trader.
Life is not just about making money…but making sufficient money (and it doesn’t need to be so much) goes a long way towards making a life 
Oh, and one more thought: Trading should be enjoyable as well as rewarding. If you need to trade for your living, that “enjoyment” can be very transient!
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Thanks, but i think leverage is a risk factor for beginners.
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So are ALL aspects of trading!
You have to understand what leverage is all about in the same way as every other aspect of trading.
Leverage is a tool. If you use it wrongly you get hurt. Use it correctly and it is a big benefit.
It is not leverage that is the risk at all. Leverage only determines how much capital is reserved against an open position.
It is the size of the position that is the real risk and what determines how much you win or lose.
If you use leverage unwisely to open excessively large exposure then it is dangerous.
But if you trade you will be using leverage anyway, to a certain level (e.g. 1;30). The issue is purely how much leverage and what you do with it. Leverage provided by brokers is also restricted by the regulatory authorities for brokers within their jurisdiction.
I am not suggesting you use leverage rashly at all. I am saying learn to use it and apply it wisely in your investment decisions and it is very effective.
It is really important to understand these risk elements otherwise you will fail.
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never was and never will be, yes there is money in forex, but often than not, it makes u thing why forex trading has a 95% chance of failure.