Can These Women Trade Forex?(Bonus)

Miriam Gantman, – Tutor, and PhD Candidate at Columbia University


Jul.20.2013

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Age: 29

Monthly income: $1,000 to $4,000

Children: none

Debt: 70,000 in school loans

Savings: Not that much

Future earning potential: High

Future investment desire: Yes

Tables below Miriam’s monthly expenses.

Average Essential Monthly Expenses

Groceries

$250

Housing

$900

Vehicle

$340

Utilities, fuel, and public services

$60

Household operation

$50

Housekeeping supplies

$10

Healthcare

$650

Education

$0 for now

Total

$2,260

Average Extra Monthly Expenses

Eating out

$200–$300

Entertainment

$400

Apparel and services

$400–$600

Beauty care

$50

Alcoholic beverages

$0

Reading

$50

Vacation

It’s a once a year thing, so $3,500 per year

Gifts

$0

Total

$1,100–$4,900

Minimum monthly income = $1,000 < average essential monthly expenses = $2,260

Maximum monthly income = $4,000 > average essential monthly expenses = $2,260

Maximum monthly income = $4,000 > average essential monthly expenses + minimum extra monthly expenses = $3,360

Depending on her monthly income and monthly savings, Miriam could consider investing 10 percent of her monthly savings in the forex market, with a 2 percent risk appetite.

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