Well, you can either give up on the idea of trading altogether or move on, or go back to the demo account and continue practising until you are consistently successful there, then open a small live account and work to expand it.
Hello Marty, I have some solutions for you if you can't borrow money:
1. Practice with demo account until it has a consistent profits over 6 months. You need to treat it as a real account, as seriously business.
2. Perhaps, you must trading in a fixed duration like London-NewYork markets time. The remaining times, go get another daily job to earn money, saving it. When it reach over $1000 put it to your trading account. Saving and trading, again and again. Growth your account bigger.
3. Working the outside jobs until reach your goals. Example: Your monthly expenses is over $3000. Your monthly trading gain: 5% That mean your trading gain 5% must higher than $3000. The gain acceptable is $5000. $3000 for expenses, $2000 for reinvestment.
So Your account must reach $100000 ($100000*5%=$5000) before you start trading for living, quit your outside job or keep it to have more income.
The first step is the hardest, but when you cross it the rest is easy. If you need to know something about trading, shoot me a message.
I don't throw darts at a board – I bet on sure things.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.