Hi, I am 23 years old. I have five years of college under my belt with only an associate's degree to show for it... I changed my major multiple times not finding anything I liked from pharmacy to exercise science to some computer engineering to most recently business. I came across foreign exchange in the fall of 2014 and have loved it ever since. I started learning from some millionaires my age and believe I finally found something I enjoy and can make a lot of money in. My only setback right now is capital to work with. I'm currently saving money and searching for investors or some type of a loan to grow a live portfolio.
My small goal at this moment is to acquire $10,000. I would partition it: $6,000 to trade in a US broker (leaning towards either Oanda or FXCM), and put the remaining $4,000 in my credit union account ($1,000 of which would go into more education emphasized in day trading with the people I've already successfully learned swing trading from). The left over $3,000 would cover me for 7-10? monthly payments with interest, then a source of income from my job could kick in when needed. Tried to get my parents in on a signature loan but to no avail -- trying to test all my options at the moment!
I feel I have been ready for a while to finally get on my way in this market and blossom, but the capital is the hindrance. I realize I can keep saving then just deposit my own money to start but I'm months away from getting a big enough amount, which is why I'm going around asking the internet if it is interested. And I read a few days ago about possibly being a signal provider as well, I don't know.... any input or ideas would be greatly appreciated. I'm up for any questions.
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.
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