I was just walking through my wild habitat aka reddit and found this Literally trying to become a millionaire with only $1 : Forex (reddit.com) do you guys think its possible with as low as $1 in initial investment. Maybe this margin thing can help or leverage.
I am noob btw
yes, in next or second life
If you are a time traveller, yes, itās easy, peasy.
Itās possible. But with $1, your trades are only $0.02 risk per trade. Iām wondering what broker would trade such lots. I have no idea.
Risking anything more is a lot. I donāt like risking over 2% per trade, personally. If someone is really confident in his trading he can just go ahead and risk $0.50.
But if you do that, you canāt afford to be wrong. Who would ever trade 50% of their account on an ordinary trade?
That kind of trading is for times of economic recessionsānot an average Tuesday.
If you used $2 you would cut the time in half.
Yes it so UNABITIOUS you. Could have suggested making £10,000,000 from £10 instead
You could turn $1,000 into $1,000,000,000,000
You could turn $10,000 into $20T (all the USD in the world)
You could turn bread crumbs into a loaf.
You could turn a motorcycle into an oil rig.
You could turn a chicken into a tyrannosaurus rex.
You could turn a diamond back into coal.
You could turn $1,000 into $1,000,000,000,000
Well that abit too "greedy"
You are on another level
My Grandma is enjoying her youth with my time machine. I wonāt be getting that back any time soon.
I am not sure actually; it looks like such a tough target! When you are trying to make a big amount from a small trading capital, then maybe youāll avoid the money management part!
Yup thatās the point if you donāt invest big amounts of money you can sleep at night peacefully.
if youāre good at math and understand marginā this topic is appealing to you. those who know