It's easy to get rich quick, but not in forex. You should do what I did: A very nice Nigerian fellow who was handling the estate of the late General Mbowegomo for his widow, Nanaiah, recently contacted me. The estate, in a secret Nigerian bank account, is worth $12 million and I get half for assisting in the transfer to a bank in England. They have to be careful, or else they would need to pay a large amount in taxes, so they can't use normal channels. I just had to wire them $10,000 in "good faith" and they will soon transfer the money into my account in the US. So for only $10,000, I get $6 million. Pretty good deal, huh? I could give you his email. Maybe he has another great deal like that? The money is a couple days late and he doesn't answer his phone, but I'm not worried - I got a "notarized" letter from a Nigerian "bank official" that the deal is real. I'm sure he is just running a little late...
If you have to ask such a question then the answer is no. Currently Eur/Gbp Long at .6785 - a nice swing play - inverse head and shoulders on the daily.
Let us know if you can break even first BEEYAT? http://www.elitetrader.com/vb/showthread.php?s=&threadid=63895
You would be at $1,384,007 if you could make 10% a month, compounding all of your profits month by month. However, it will be more difficult for you to turn your $600 into $1,000 than anything else. If this is your only trading capital, I'd tell you to take it slow and really learn what you are doing. Remember 10% a month of 0 is the same as 198493% a month of 0...ZILCH. Best of luck no matter what you do.
At that rate, in slightly more than 15 years you'll be the world's richest man. 30,000% ror per 5 years with 40% tax. 1) first 5 years: 902,000 after tax 2) 5 years after: 162,720,800 3) another 5 years after: 29,354,832,320 At this rate, if you teach your kids your method of making money, they'll have all the world's money in no time.