Can you become a millionaire by trading Forex?
I am 17 years old and my brother set me up a Forex (Foreign Exchange) account to try and make money by trading money currencies. He turned $200 into $700 in 3 days. I want to know if it is possible to turn $200 into $1 million, and how long it would take if your really good at making money at it? Please give a reasonable answer to earn 5 star best answer.
Public Response to Can you become a millionaire by trading Forex?
- Perhaps if you are good in trading. Its very hard to determine which will double or which will not. The bigger at stake, the bigger the risk
- YOU CAN BECOME A MILLIONAIRE AT ANYTHING , BUT NOBODY CAN GIVE IT YOU , ONLY YOU CAN DO IT , BY YEARS OF TRIAL AND ERROR AND IMPROVISATION AND DETERMINATION AND DEDICATION , THOUGH YOU WILL HAVE A BETTER CHANCE BY TRADING ON BETDAQ OR BETFAIR BY BUYING AND SELLINGG HORSES OR BUYING AND SELLING FOOTBALL PLAYERS
- No, the odds are not in your favor.
- Forex is just like trading the Stock Market. The skies the limit but be prepared to lose everything you invest.