Quote from: henmark on Today at 05:54:10 AM

Quote from: Victorybit1 on January 27, 2025, 06:20:47 PM

Well, my advice to you is to work for a while and raise the money you'd want to use to trade. Borrowing money to do this is actually a bad idea unless you have a plan to pay back in case it doesn't work out as planned. As traders we all have our strategies that works perfectly fine for us but that doesn't mean you should always expect them to work, the market is full of surprises and at any time you should be ready to incur losses. Ask yourself, is this risk worth taking? Would you be able to deal with the consequences of defaulting when you fail to pay back the loan?

This is the best option always keeps safety first because if you fail things can go on worst situation which are surely not good try to understand ground reality and then jump into work with just earn money and then enter in trading world because it's full of surprises and have enough volatility which can eat quickly, and you never know when you will be able to stand back.

Everyone is love to live with his own strategy while things are needed more analysis and search which are most important if you are 100% then still you need to keep emotions under control and never trust on things which are looking good because these can take seconds for have changes. Bankruptcy is always brought consequences which are never been easy to handle just avoid all things on any cost which are having enough risk which are not easily handleable.

First of all, understanding the condition will be very good to be able to prepare a plan before trying it because without understanding what we should do, it is very impossible to prepare a strategy that will be used for trading because without a strategy we will regret it when the decision we make is not right for the trade we do and of course this is not liked by anyone and when running a trade, do not do it with emotion because it makes it difficult for us to decide something correctly and also the funds we use must of course be able to be handled when we experience failure in the trade we do, do not do beyond our capabilities or by borrowing funds from others.