Literally trying to become a millionaire with only $1 šŸ˜

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

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yes, in next or second life :wink:

If you are a time traveller, yes, it’s easy, peasy.

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It’s possible. But with $1, your trades are only $0.02 risk per trade. I’m wondering what broker would trade such lots. I have no idea.

Risking anything more is a lot. I don’t 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 can’t 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 recessions–not an average Tuesday.

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If you used $2 you would cut the time in half.

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Yes it so UNABITIOUS :weary: you. Could have suggested making £10,000,000 from £10 instead

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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.

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You could turn $1,000 into $1,000,000,000,000
Well that abit too "greedy":money_mouth_face::kissing_closed_eyes:

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You are on another level :exploding_head:

My Grandma is enjoying her youth with my time machine. I won’t 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 you’ll avoid the money management part!

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Yup that’s the point if you don’t invest big amounts of money you can sleep at night peacefully.

if you’re good at math and understand margin’ this topic is appealing to you. those who know