Profit Guide to Forex
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Could currency trading create a trillionaire?

I want to know what your thoughts are on if it is possible that currency trading could mint a trillionaire by trading the ups and downs of the currency market and in doing so, reinvesting all your capital again, and again and again until you become a trillionaire?

Public Comments

1. In theory yes, but since there is no such thing as a trillionaire currently, the real world answer is "No". No one it right 100% of the time and based on your scenario, being wrong only once will wipe you out completely.

2. yes you can if you start with 999,999,999

3. That is an extremely hard question. Would go to a financial person with that question.

4. This page explains it pretty well

http://en.wikipedia.org/wiki/Foreign_exchange_market

5. If it were that easy, there would be lots of "trillionaires" in the world. Most people are more likely to lose their shirts than make money from currency trading.

If you are so keen, perhaps you should first try being a day trader of stocks, but be ready to lose your investment. That will tell you whether you have the aptitude for fast paced trading. Currency trading is much harder than day trading of stocks.

6. In theory yes if all the dealings were sound but the market is fickle and one would have to 'win' many times to build up a decent stash where as just one bad error could,because of the huge sums involved ,could bring the whole pile of cards crashing down and leave the speculator mangled,the odds against succeeding are far too great.

7. no.

8. Hasn't happened yet, unless you count currency of Zimbabwe.