Is this viable these days? A lot of guys I know are just getting started playing cards because it's the newest fad or whatever, and because of all the action online you can get started and play for very cheap. Starting at with $90 at $.50/1 limit hold'em I've seen students of mine get up to $5,000 - $6,000 within a few months with hard work and study. This was not feasible when I got started, there wasn't so much free money in the form of bonuses and you couldn't get the kind of experience you can today. You see guys build their rolls and move up through the limits quickly where before long they are 6-tabling $5/$10 and clearing $100 / hr! This kind of opportunity didn't exist before internet poker. It's not always fun when you get started- at first you might be losing money and maybe only clearing a few bucks an hour maximum but you are learning the game and it doesn't cost you an arm and a leg.
Is it the same way with trading now with spot forex? Has anyone out there started an Oanda account with $500 and slowly built up their bankroll, moving up in leverage as they gain money and experience?
I'm interested in the concept, as I've been asked by a few people over the years how to get started trading and my answer is normally "Don't do it." Maybe it would now be feasible to tell em to take $500 to Oanda, explain some simple chart patterns and ideas and tell them to go crazy. They could learn the same lessons for $20 that other people have paid thousands to learn. If they blow up, so what, it's only $500, they learned their lesson and they didn't ruin their life savings.
Has anyone out there done that? Is this feasible?
Is it the same way with trading now with spot forex? Has anyone out there started an Oanda account with $500 and slowly built up their bankroll, moving up in leverage as they gain money and experience?
I'm interested in the concept, as I've been asked by a few people over the years how to get started trading and my answer is normally "Don't do it." Maybe it would now be feasible to tell em to take $500 to Oanda, explain some simple chart patterns and ideas and tell them to go crazy. They could learn the same lessons for $20 that other people have paid thousands to learn. If they blow up, so what, it's only $500, they learned their lesson and they didn't ruin their life savings.
Has anyone out there done that? Is this feasible?
