FX TRADING FOREX
Could this plan work to make me an extra £10,000 by trading spot forex? Please help/advise.Thanks.?
Currently I am 18 years old and I am looking to make an extra £10,000 to start building wealth gradually by breaking my financial goals into chunks at a time every year. I have £3,000 in liquid cash currently, but I’m not willing to risk all of it, maybe £100-£200 in some other cash I gain over Christmas time. I have a practice account with a Spot-Forex broker my brother set me up with a few months ago FX Club. I have been practicing and learning at the same time by reading babypips.com. What I would like to know is if I start with say my £100 starting capital, could I possibly grow it into the £10,000 I desire in a time range of 6 months to 1 year by age 19? Is this possible to do in such a short time frame with such a small amount of capital? Please give a good reasonable answer. Thanks.
Well my mate managed to turn £20,000 into $5,000,000 in two weeks, so it would seem to be possible. The issue is that he was willing to lose all of that and walk away with a smile 
The buzz is from the trading. If you don’t have money to lose don’t do it. The only way you’re going to get that kind of leverage on Forex is by trading options. No currency moves by a factor of 100 in 12 months especially taking into account commission charges and spread.
Maybe you should just pop down to the Royal and Sun Alliance and shove your 3k into a saving bond
FOREX TRADING – trendline breakout trade
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