@lillyw91 I think you have to be prepared for the long haul… especially if you are starting with small figures… i.e. if you start a business with £1000 it has to grow proportionally to that… If you start a business with £1000000 then you would grow in proportion to that. I think the average forex retail trader starts with false hopes of converting £500 to £1 million: faced with the advice of ‘aim for 1% a month’, which would be decent returns when trading larger accounts, the trader puts a lot of work and sees a monetary reward that is laughable (you may as well give that time up for free to volunteer for a charitable organisation)! Then impatience sets in, maybe the trader gets lucky with a big win and thinks: “I just doubled my account in a few minutes!”. . . He/She tries his/her luck again, but this time it is a big loss and he/she has undone his/her previous wins, and some more…
You can see how easy it is to get hooked on winning big when you have small capital and you are not prepared to wait a year for a £100 gain…Most pro traders I heard interviewed had saved up a lot of capital before going solo: these are people who had worked in funds, banks, or prop firms initially. For someone with little capital and who has to learn everything by him/herself, it is a double wall to climb and you have to be realistic…
You could try trader contests for quick results/prizes, but they encourage pure gambling and extreme leverage, so that is not a sustainable attitude for trading your own money.
