Turn $500 into $1000,000 Trading Forex Even If You Are A New Trader!

Many people have this misconception that you need a lot of money to make money

. This might be true in stock investing where you have to invest capital in stocks before you can realize capital gain. However, in case of currency trading or what you call forex trading you can start with as low as $500 or even $250 and compound this small amount into a fortune over time.

What you need in forex trading is not capital but the right skill to trade the forex market. By the right skill, I mean the right trading strategies and the right trading methods. Let's take some practical examples. Richard Dennis was a small time trader who started with only $400. Guess how much did he make over the years with his $400. Yes, he made more than $200 million. Richard is a legendary commodity trader who had traded the commodities futures market in the late 1970s and the early part of 1980s to make his fortune.

He is famous for his Turtle Trading Rules where he and his friend gave the same rules that they used to trade the futures market to a group of novice traders also known as the Turtle Traders who used those rules to annually achieve a return of around 80%. Within a few years, almostall those turtles were themselves millionaire traders. What this proves is that what is more important is a setrulesthat can make your trading emotion free as compared to having alarge capital in your trading account.

Take the second example of Bruce Kovner, Bruce Kovner used to be a NYC Taxi Cab Driver. He started trading forex and futures with only $3,000 borrowedon his credit card. Guess, how much he made over the coming decade? Yes, he made more than $11 Billion. This is true. Now, you may never be able to make this much money but what this shows is that instead of capital what is more important is the right trading skill.

So this is now very much clear that you don't need more than $500 to make your first million dollars in the forex market. What you need is the right skill. This is the challenge. To start with only $500 andgrow that amount in the next few years into $1000,000.

How to go about doingthat?First you need to develop your tradingplan and then you need to select thetrading strategy that is going to take you toyour first million dollars. If you have been trading forex forawhile, you must have selected your favorite currency pair that you would like to tradethe most. If not, then you must select your favorite currency pair and then the besttrading strategy that can give you your first million dollars.

If you want help then you need to meet Tony Manso. He started trading forex in 2004. Over thelast few years, he has been trading forex with a lot of success as well as failure. But he now has perfected a trading system that he believes anyone with a little knowledge of forex trading can use to turn $500 into $1000,000 inas little as 3 years. You need to down his Forex eBook, The Forex Millionaire Maker. It costs only $29.99. You don't have to worry. It comes with 60 days money back guarantee. So, if you don't feel happy with his methods and strategies, simply go for a refund.

Turn $500 into $1000,000 Trading Forex Even If You Are A New Trader!

By: Ahmad Hassam

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