Okay by now you get it. Compound interest is your best friend. So YOU are just going to take EVERY Dime you can scrounge together and get started? Hold that thought!
We are a couple of weeks into this journey, and I bet someone out there is wondering...
What if I start my account with $500?
Surely compound interest on a larger amount is an even better friend!
Hate to break it to you UGLY, FOREX TRADING FACTS ARE if you start with a LARGER account, LESS training, LESS experience, and NO proven strategy, you can expect to lose EVERY DIME. That's right. ALL OF IT. In fact, I don't recommend adding any more money than a minimal amount and practice growing it first. INSTEAD, I help others to start simply and just keep doubling your initial investment.
My momma used to tell me, "If it is that easy; then why isn't everyone doing it?" She hit the nail on the head when it came to me learning how to be a Forex Currency Trader. Forex is not going to allow you to put some money and VOILA! It reaches 7 figures. In fact, Forex Market Players hope you put the money in and lose! Fortunes are being built with the amount of money lost in Forex every day.
The traders' mentality is fierce, and it is one you must master before you find the success you are looking for in this market. It is so important, I spent 2 days of my Bootcamp training on just that; BEFORE I taught my strategy. My business partners and I agree and have built our entire community around it.
You can apply for free mentor-ship here: Mentor-Ship Application
*Risk Disclaimer for Forex Trading. The information here is for educational purposes only. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money you can not afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.