PiPinBucksAlldAy posted: I am starting 2017 with a 2K$ in my brokerage account and will seek to add 100$ a month after that. I am hoping to achieve a few different goals through forex trading, 😈
Short Term: using my system I am going to be looking to gain 200 - 300 pips a week
Mid Term: for this first year not to have a red month even if I have to breakeven or have only made a 1$ profit.
Long Term: with the money deposited I hope to double my account in the first year from 3.2K to 6.4K at the end of 2017
My overall goal for trading is use it to pay down my school loans faster and once I am able to unload that 500$ a month from my budget and have no other existing debt I will be able to tell the 9-5 to suck it and become a full time trader!
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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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