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Home > Currency Trading information > Currency Trading Knowledge Base > Is it possible to turn £5,000 into £500,000 trading currency CFDs within 2 years?
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Is it possible to turn £5,000 into £500,000 trading currency CFDs within 2 years?

I am nearly 18 and I should have saved up £5,000 by this age. I'm looking to trade currency CFDs (Contracts for Differences) starting with my £5,000 in savings. What I'd like to know is if it would be possible to parley my £5,000 investment into £500,000 within 2 years trading currencies, and if it has been done before by anyone?

Public Comments

1. Yes. But understand that the leverage can work against you and you may end up losing a huge amount

2. Yes it is possible but there is a possible risk of losing all of your trading capital in the process as well.

To me, I am more concerned about protecting my capital first. If I have money in my account then there is always an opportunity for me to enter in a market.

Better to trade with money management rules. Losing trades do occur. So, save your capital and live to trade another day.