How long does it take on average to become a millionaire by trading Spot Forex? I’ve heard it can be done….?
Question by William M: How long does it take on average to become a millionaire by trading Spot Forex? I’ve heard it can be done….?
I am 18 years old and I have been practicing trading Forex for 1 year now and so far this week on a balance of 100 have made 20% return pushing my account up to 120. What I would like to know is how long it takes the average trader to make a million trading the forex markets?
Answer by tom4bucs
the average trader loses their shirt in Forex
by making 20%/week you should be in the 7 figures by less than three years
but (why is there always a butt?) you may reach a point of trauma
investing soooooooooo much (it’s all money management)
being conservative (safe)- probably in 10 years
all the best
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