Currency Trading – How to make a consistent profit|Winners limit their losses
Jan
19
I am nearly 18 and I should have saved up £5,000 by this age. I’m looking to trade currency CFDs (Contracts for Differences) starting with my £5,000 in savings. What I’d like to know is if it would be possible to parley my £5,000 investment into £500,000 within 2 years trading currencies, and if it has been done before by anyone?
Comments
Tiny Tevez on 19 January, 2010 at 10:11 am #
Yes. But understand that the leverage can work against you and you may end up losing a huge amount
Ready Forex on 22 January, 2010 at 7:30 am #
Yes it is possible but there is a possible risk of losing all of your trading capital in the process as well.
To me, I am more concerned about protecting my capital first. If I have money in my account then there is always an opportunity for me to enter in a market.
Better to trade with money management rules. Losing trades do occur. So, save your capital and live to trade another day.
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