The answer is…sure!
But the real question is…[I]how long[/I] will it take for you to learn the business in order to survive and make it a living?
All you need to do is start reading the threads and posts here in BabyPips.
You will find that it takes a long time.
It’s like the same thing as asking ‘how long will it take to become a doctor, lawyer’?
If you think you can come into this business and learn how everything works, become successful making money on a consistent basis, anytime soon, …you would be wrong.
It will consist of much research, education, experience, and time.
You will find the most motivated, dedicated, determined, passionate, people in here giving it their best shot at the market. And most, no…everyone, will have gone through blown accounts again and again. But, only those who have the love for this business, and have made it a long term goal are the ones that will make it.
So, I would suggest that you do not dip into your savings.
Take the time and immerse yourself into the business. Learn how it all works. Your best bet is to start in here, BabyPips, in the school of pipsology. It’s free. Then stay in here and read, read, and more read about everyone’s experiences. It’s free. And also open a demo account (it’s free) and start experiencing the market first hand. You will notice how much of a psychological battle it consists of also. Then you can read up on what kind of mindset you will need to have. (Free knowledge also here in BabyPips).
You [I]will[/I] spend the tuition when you go live and blow a few accounts.
Know what your getting into.
Don’t be deceived in thinking that this is a good way to make money, anytime soon. (And I’m talking about consistent, long term, profits). Especially for a living!
And if you think that you have found someone who can help you get there…well, check their track record. How many years have they been in the market? Look at some proven results. I’m talking about detailed month over month, year over year, honest results.
Nothing is guaranteed in this business. Cause it’s all about speculation. If your not in tune with the market flow, [I]for the most part[/I], you will not come out on top (in the positive).
Sorry. But this is probably not what you have wanted to hear.
But, it’s the truth.