Good day everyone on this beautiful forum.
We all know how trading can be for everyone , everyone is there to make profits (money) , but the fact some people can go to length in using all they've ever had to trade is mesmerizing!.
Some even go as far as getting loans , borrowing from friends so they could trade, or invest in some altcoins..
The same apply to other things like sports betting, gambling and all of them.
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.
So my advice to people who hurrily invest and use all the have is that the market is never running away.
Do not stake your all! Be patient follow guidelines, learn how to trade safely , thank you!
You know what most people think about trading is that immediately they join trading they began to make huge amount while trading without knowing that the market doesn't function that way. People need to study very hard and understand the prerequisites of trading before unleashing whatever amount they seems to have to used and trade with intensity of creating huge profits from there start up. I will always advise people to use what they can be able to lose to trade and do not take borrowed money or a relative money to trade.
When someone thinks that they will be able to profit easily on the trades they make, it is certainly very inappropriate because there are many things that they must prepare to be able to make profits from every trade they make, because without having any preparation, of course they will easily spend the funds they have on the trades they make.
Using funds that they can afford to bear for losses when trading is very important and do not let someone who is just starting to trade with large funds and it will be better for them to first try with small funds until they really understand the trading and then try with larger funds in order to make greater profits.
Someone who is start their trading is not meant to start with large funds especially if that person hasn't understand clearly how the system operates should not find their account with huge capital better still can go with 100-150$ respectively till they understood how the system of buying and selling works. On the other hand when they start trading with amount above that it would stir them to lose more and can't control trade.
When you are still that a noob then most likely you would really be thinking up this way and this is something that cant be denied on which most of us will really be having this kind of mindset into those times or moments that we are really just that starting up. We do know that there would really be those moments or conditions that we will be thinking or assuming that the bigger capital you do have the bigger profit you
could make on which this is undeniably true but since we are still noobs and doesnt have that much experience when it comes to this manner then we would really be having that higher chance on committing errors and mistakes on which it would be causing up for those high capital start up would be ending up on a disaster. This is why on the moment that you are still starting then small amount start up witll be recommended.
You should really be that trying out to figure on how this market works or would be behaving. On the moment that you do already have a good grasps of it or on the time that you do already know
on how it works and what are the things that you would gonna do, then it would really be that up to you whether you should be increasing your trade position or not.
Along the way, you would definitely be making yourself having those kind of realizations on how you would really be that dealing up with things accordingly.