Hello, all! My name is Charles Baker and I’m new to to the current exchange market. I don’t know anything about it except that I need to be a part of it. ( According to a good friend who already been trading for years.). My goal is to be able to retire in 5 years with absolute financial freedom. I’m like a sponge and ready to soak all knowledge in. Thank you for allowing me to be a part of the community.
Hello and welcome to the forex world.
thats Great to hear! have you been thru the education section on here yet?
Which will be the toughest challenge yet in your life unless you have a starting account of at least $10,000 to play with when you go live. Which is a whole new ballgame of experience and emotional control to be able to succeed.
Unfortunately, it is near impossible to make money with small accounts, despite what social media marketing hype says - that’s fantasy land.
Why? Because making £20 a month on a £200 account, which is 10%, and an APR of 120% won’t get you anywhere near paying your living expenses, so you’ll risk more and gamble it away as do most newbies. That’s the reality.
Welcoooome Charles! I feel like it’s nice that you already have a goal in mind, and since you’re starting out, it’s not surprising that you would have big, bold, and somehow audacious one. But I would have to agree with what Steve said. It’s better to face reality now and prepare yourself. And although you may not be absolutely financially free in 5 years, forex is definitely a good source of extra income. Good luuuck!
Bro these ppl are tripping. You get financially free in less than 2 years if u understand the risk and effort it takes