Quote from: ScamViruS on July 13, 2025, 07:31:20 PM

Quote from: passwordnow on July 13, 2025, 07:18:10 PM

The newbies think that high leverage is the key to become wealthy in trading. But they don't know that many became broke with that strategy, a little bit of leverage is fine but if they set that more than 10 then that changes the risk that they're taking. Long term investing is the best, just think of the early adopters that have been holding it up to this moment, we're all winners already although I am guilty that I was one of the early sellers and yet, I've learned already from that mistake.

I wouldn't blame newbies too much for being attracted to high leverage, because when they are influenced by trading, they come to trading after seeing high leverage advertisements on social media and screenshots of other traders' big profits. But it doesn't take them long to realize this mistake, only when they lose all their funds with high leverage do they realize what the reality is. Skill and knowledge are always very important in trading, and a trader has to spend a lot of time to acquire these skills and knowledge. On the other hand, newbies start trading with high leverage without any skills, which is very dangerous, and they also suffer the consequences.

Therefore, newbies should know about trading well before starting trading and should spend time to acquire their trading skills, trading knowledge. So that they don't lose their own money by going into real trading without knowing anything about trading.

Yeah, it's also the influencers fault by making them think that it's easy the way they are telling it to them. They make things too easy as if there is no need for training, back testing, charts analysis, fundamental analysis and other important trading stuff. All they think is the others have made a profit in trading and if they did, it can also happen to me. That's the thinking of most of the newbies but I have nothing against them, it's just the influence that they've got in curving their minds made it wrong and got them stuck into that thought.