Part 1 is here
‘I Have No Money’
When people hear the word “investments,” many mistakenly assume it refers to large sums of money that few can afford. While that can be the case, in reality, whether we’re talking about financial instruments like options or securities in the US, or spread betting or CFDs in the UK, many trading platforms (brokers) offer standard accounts with a minimum deposit of $100-$200.
Can you make any money with such amounts, you ask? Let’s define what “any money” means to you. I have a live example for you – a trading account with balance of $200, and like me, trading CFDs.
By trading minimal volumes and following risk management rules, lets say you earn $20 a month. Is that little or a lot? $20 = 10% monthly return = 120% (!) annual return. Which bank or hedge fund offers you that? But there are risks! – you might say. Undoubtedly. But where aren’t there?
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