Could currency trading create a billionaire in his/her early 20s?
I want to know in your opinion if you think that currency trading could create a billionaire in his/her 20s, and if you think that some MBA student fresh out of uni in his/her early 20s if they are clever enough could achieve billionaire status as such in their early 20s?
Public Comments
1. It would be rare.
2. Its possible,but it is also possible that they end up penny-less
3. it could happen, but i would say it would be a long shot.
4. maybe if u had a hundred million to start with
5. Of course not. Like the guy above me said, you could become broke.
6. Anything is possible, but as far as I know it has never happened ever in history. Closes thing was the facebook kid, and that was because of facebook not currency trading.
7. you'd have to learn a lot about how the economy works otherwise its just gambling. but u can get rich if u have the money to invest and the knowhow
8. could be possible, but if you haven't got a penny to your name, you ain't going to make anything, the more money you got to invest the more likely it is that you will reach that goal.
9. Don't listen to any of the negative above answers above.
Warren Buffet did it. You can too. He didnt start out with much but because he knew what he was doing he opened up his business for investment because the investors knew he was smart so he got more money that way to use for trading. You could go down in history as the legendary trader. Good luck.
10. Not a billionaire but a career with a good standard of living.
11. Currency valuations very rarely change dramatically (some African nations are the exception) so just currency trading is unlikely to produce much in the way of profit on its own, so to get billions of (Pounds/Dollars?) profit would be a miracle!