Questions & Answers: Someone wrote, “You can become millinaire in 10 years using 10k in FOREX trading.” How is it done? Thanks.
Question by TODJ: Someone wrote, “You can become millinaire in 10 years using 10k in FOREX trading.” How is it done? Thanks.
Best answer:
Answer by Franco
By taking big chances and being luckier than the other person playing against you every time.
What do you think? Answer below!
It isn’t.
Its a scam, you’ll lead a much happier life if you steer clear of stuff like this.
you have to be very aggressive.
It’s called taking ridiculous risks and being lucky. You could just as easily lose a million dollars in the process of trying.
If they say it is easy, then they are lying to you. Making money in the FOREX market is very tough. You might want to take a look at the currency ETFs first.
http://top10traders.com/ViewPost.aspx?postID=753
You can create a “practice” portfolio at http://www.top10traders.com – it’s free – each month the site ranks the best performing investors.
I think you do it by writing a book on how to become a millionaire in 10 years using 10k in FOREX trading. Many have written such books. The resulting millionaires are keeping low profiles.
You can but it is very High Risk. If you want to invest and make a great return from forex RE and Small Business investments I suggest the you contact http:www.freewebs.com/mnthighinvest it is a free investment club with good returns and if you do the math and let your profits roll you can make a heck of a lot in ten years. And yes I use them and no I do not get paid to recommend them I just believe in them.
the principle of compounding will yield higher returns every year. if u invest 10 K in forex and it grow up 10% you have 11K. if you reinvest it again at the same rate, imagine what u will have after 10 years. thus the principle of compounding and reinvestment strategies will deliver phenomenal returns. only when u stay for longterm u can make profits and the power of compounding and investing in growth currencies and buying them at very low rates can do make u a millonaire in 10 years