Quote from: SOKO-DEKE on September 11, 2024, 07:21:20 PM

Quote from: stadus on September 07, 2024, 11:59:38 PM

Even myself, I also did taking a loan before and that was my biggest mistake in trading. I never knew until I lose in trading and realized that trading becomes more risky and we get more pressured using borrowed funds. And with that, we lost our patience and focus on trading, because all we think are the instant profits we can gain from trading, but in reality it's actually hard to gain profits from trading most especially for greedy traders.

If not because someone is so desperate to make it quickly, I don't think anybody who understands the risks that trading involves will ever think of borrowing money to trade. Trading is very risky, and even someone who has proper knowledge about it still has no guarantee of making profits on whatever they enter. There is no assurance in trading, and that is why I will never advise anyone to borrow money to trade. Let us be wise and stop following all those people lying on social media about making huge profits from trading.In fact, some will even advise that if you don’t take high risks, you won’t make money. Even if someone wants to take risks, the person needs to be sure and have over 70% certainty that what they are doing will be successful.

I totally agree. Those people are in for your soul and funds, not to help you with the actions you are going to take. It's essential to learn from the trading sessions that you've done and learn from the mistakes made in them as well, by yourself and your own effort.