D
DeletedUser9
Guest
I shorted a commodity called "Silver Cash" at 23.02 and closed at 22.6.
It was leveraged at a 1% margin so I only put up 400$ and I could trade 40,000$ worth of silver. I made a profit of 710$ in less than one hour using a take profit order.
Has anyone had long term success trading commodities ? I know in TMF MJ says the stock market will never result in exponential gains but maybe it can if they are extremely leveraged or you have tons of money to begin with ?
If you properly manage risk and your emotions is it possible to turn lets say 1000$ into 1,000,000$ by compounding your profits continuously.
I remember reading somewhere that the financial sector creates a huge amount of millionaires and billionaires.
It was leveraged at a 1% margin so I only put up 400$ and I could trade 40,000$ worth of silver. I made a profit of 710$ in less than one hour using a take profit order.
Has anyone had long term success trading commodities ? I know in TMF MJ says the stock market will never result in exponential gains but maybe it can if they are extremely leveraged or you have tons of money to begin with ?
If you properly manage risk and your emotions is it possible to turn lets say 1000$ into 1,000,000$ by compounding your profits continuously.
I remember reading somewhere that the financial sector creates a huge amount of millionaires and billionaires.
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