Forex 4 You

Could I become a millionaire in 2 years by trading Forex starting with £4,000?

I will be 18 soon, will have saved up £4k and I’m looking to trade forex by using CFDs which give you 1:200 leverage with them. Would it be possible to parley my £4k into £1 million in 2 years trading forex using CFDs and has this, or anything similar with forex ever been done before?

It is definitely possible to do this however it is highly unlikely that you, or even the most experienced traders, will be able to accomplish this. You would have to take incredibly high risks and have an incredibly high win ratio.

It would be a much better idea to excise caution and good money & risk management. You will then be able to make consistent profits and build your portfolio up over time. Do not rush into the forex markets as their high rewards are paired with high risks.