Wassup yall. I’m 17 living in MN. Honestly pretty new to trading, don’t even know how to set up stop losses correctly lol, but I’m definitely trying to master the skill of trading. My goal is to reach 115,000 at least in 4 years with a starting capital of 5,000. I did the math, that’s about a 10% return every month. I don’t know how realistic that is but I will give everything I’ve got to get it done. Hope ya’ll can help, Thanks!
It isn’t realistic, in fact it’s fantasy for any newbie. Learn how to trade first properly. and practice on a demo account for at least 8 months, otherwise you’ll lose your capital, guaranteed, as do 90% of other beginners.
If I was your age, I’d attempt to join a brokerage firm or another financial institution, because you’ll learn a lot better far more quickly about how the markets work. And that, my friend, is gold dust.
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Well, that’s great that you have decided to dedicate enough time to your learning. There is so much to learn about forex trading that will help you in surviving in the market for long. You can also utilize the time to practice on a demo account before you risk your money.
Any recommendations with respect to the brokerage firms.