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Author Topic: Don't invest your all!  (Read 549 times)
jasonjm
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August 28, 2024, 09:27:02 AM
 #101


I had a friend who took a loan from the company he works for , about 30,000, which would then be deducted from his initial salary.
He then went on to use this money to trade , now psychologically he was just not ready for it because his whole mindset was just about making a huge amount of money that he ended up loosing everything.


Trading is a risky venture and borrowing money for trading is stupid especially when you don't have any prior experience. People lose money in trading when they get greedy. People should acquire basic trading skills and enough knowledge of the market trends before making any decision. Always start trading with a small amount and when you become an experienced trader go for a suitable amount. Spot trading is less risky than futures trading. If a person is inexperienced, he should opt for spot trading. Diversify your portfolio to mitigate the losses.

kawetsriyanto
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Today at 03:59:16 AM
 #102

Trading is a risky venture and borrowing money for trading is stupid especially when you don't have any prior experience. People lose money in trading when they get greedy.
Ideally, people won't be brave to trade with loan money if they have no good experience and capability in trading. I'm very sure that most people who use loan money in trading because they already got nice profits. However, there will be always no guarantee for the success in the next attempts. If traders only could take good profits few times, it is better to use their own money. But for the traders who understand well trading and they could prove it by getting profits in trading for few months or years, it is not so bad decision to try using loan money. However, I think those who have been successful in earning profits for months/years should have enough money for the capital. It would be a bit strange if they still have lack of money and try the option of borrowing money.

People should acquire basic trading skills and enough knowledge of the market trends before making any decision. Always start trading with a small amount and when you become an experienced trader go for a suitable amount.
This is the fundamental in trading. Traders should have no idea to make any decision if they have no knowledge and skills. Regarding using small funds, this is only for beginners. Traders who have a lot of experience, they can use any amount of money. They must have some considerations whether to use small or big amount of money on certain coins.

Spot trading is less risky than futures trading. If a person is inexperienced, he should opt for spot trading.
Exactly. Spot trading is for all level of traders, future trading should be for professional traders only. Unfortunately, there are many newbies who assume future trading is easy to do. They think basic knowledge is enough to deal with the risks. They don't know that spot is very different with future.



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laijsica
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Today at 05:49:42 AM
 #103


I had a friend who took a loan from the company he works for , about 30,000, which would then be deducted from his initial salary.
He then went on to use this money to trade , now psychologically he was just not ready for it because his whole mindset was just about making a huge amount of money that he ended up loosing everything.


Trading is a risky venture and borrowing money for trading is stupid especially when you don't have any prior experience. People lose money in trading when they get greedy. People should acquire basic trading skills and enough knowledge of the market trends before making any decision. Always start trading with a small amount and when you become an experienced trader go for a suitable amount. Spot trading is less risky than futures trading. If a person is inexperienced, he should opt for spot trading. Diversify your portfolio to mitigate the losses.
You should try to get profit through risky system and continue to gradually increase your experience with small investment initially. You need to invest in getting an idea about the market and engage yourself accordingly with expert advice. Diversify your portfolio by choosing currencies and making investment decisions accordingly and more buying habits during price dips. Along with trading you should have long term investment area because long term investment can earn you multiples of profit.

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