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!
There so many things that we need to be avoid when ever we come to trade, the first thing is that for someone to go and taken a loan just because he wanted to trade, which is wrong decision, because a person who’s really ready to trade will not go and request for a loan; what if on his first day of trading he lost everything how is good to explain it will end up of debts.
That’s why people who know much about trading always said that if we want to trade we should trade the amount of money that we can afford to lose, but is like not all people are comprehend that word; and the main problem problem is lack of patience is what are leading so people in trading.