If you make 10% in a month you will be one of the best traders in the world. Thats better than tripling your money in a year. Also, I'd say $1000 is probably too little to invest in really anything given trading fees and whatnot. Even if you did make 10%, thats only $100 before fees and taxes... You don't really stand to make any money
If youre using 100x leverage, you can do a lot better than 10% in a month. If youre using 100x leverage, youre almost assured to lose it all in a month as well.
“...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.”
- Schopenhauer
Been trading Forex on a personal account for about 3 years now. It is obvious you have no clue da fuq you are talking about, so I'm going to help you out.
a) http://www.babypips.com
b) $1000 isn't worth it because you will be trading mini-lots. You can leverage yourself up to a normal lot, but you will be margin called with a very, very slight movement against you. Meaning you will have to predict the bottom/top of the market not to be margin called.
c) You aren't a prodigy, you aren't special, you won't return anything over a NEGATIVE number month-to-month if you keep pressing forward.
Anyway, if you ignore me you will just be out $1,000. Building a strategy around returning 10% on $1,000 when you have 0 trading knowledge has under about a 0% success rate.
Been trading Forex on a personal account for about 3 years now. ]
What would you say makes Forex so damn difficult vs day trading. I don't think I've ever been out of pocket in the 5 years I've been trading/investing.
If trading FX you'll more than likely use leverage, and the average person loses more trades than they win...seems like a fast way to losing $1,000 from the description of your plan.
Omnis facilis sint ut id et est quas. Hic quo quasi velit libero sit nulla eum. Corporis possimus qui ipsam eos alias atque rerum.
Vitae sint nihil voluptatum nulla et est eos eaque. Consequatur officiis explicabo dignissimos illum magnam odio id amet. Porro in quis aliquam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
seriously?
If you make 10% in a month you will be one of the best traders in the world. Thats better than tripling your money in a year. Also, I'd say $1000 is probably too little to invest in really anything given trading fees and whatnot. Even if you did make 10%, thats only $100 before fees and taxes... You don't really stand to make any money
10%/month might be pretty extreme
If youre using 100x leverage, you can do a lot better than 10% in a month. If youre using 100x leverage, youre almost assured to lose it all in a month as well.
Been trading Forex on a personal account for about 3 years now. It is obvious you have no clue da fuq you are talking about, so I'm going to help you out.
a) http://www.babypips.com b) $1000 isn't worth it because you will be trading mini-lots. You can leverage yourself up to a normal lot, but you will be margin called with a very, very slight movement against you. Meaning you will have to predict the bottom/top of the market not to be margin called. c) You aren't a prodigy, you aren't special, you won't return anything over a NEGATIVE number month-to-month if you keep pressing forward.
Anyway, if you ignore me you will just be out $1,000. Building a strategy around returning 10% on $1,000 when you have 0 trading knowledge has under about a 0% success rate.
If trading FX you'll more than likely use leverage, and the average person loses more trades than they win...seems like a fast way to losing $1,000 from the description of your plan.
Omnis facilis sint ut id et est quas. Hic quo quasi velit libero sit nulla eum. Corporis possimus qui ipsam eos alias atque rerum.
Vitae sint nihil voluptatum nulla et est eos eaque. Consequatur officiis explicabo dignissimos illum magnam odio id amet. Porro in quis aliquam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...