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Old 02-11-2004, 15:31   #10 (permalink)
csaunders
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This is always a tough one - it all depends on you... and by the sounds of your email I think you are heading for disaster - trying to trade yourself out of a hole is never conducive to good decision making.

I'd say keep your 1k - work your butt off to repay the rest with possibly a second job. Afterwards save up $100. Trade on a platform such as OANDA where you can risk miniscule amounts and try and double this $100, and try to double again and again increasing size so that you can get used to the psychological stresses placed on one during trading.

"Scared money never wins" - I think I read this in Market Wizards - it is a very rare individual that can make money off capital loaned - the psychological influences will handicap you.

Also 6 months is way to little- think 2-3 years.

Further the strategy of consistent small gains doesn't wash with me - maybe others follow this route. I'm a "Preserve Capital and Home Runs" kinda guy. A Soros quote I believe.

Good luck and remember "Easy Money" does not exist - not even in the FX Trading world - you have to pay your dues....
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