Your personality may not be suited to trading, either in dealing with the emotional pressures of trading, or in dealing with the financial losses, or potential losses which occur daily. This is a serious business and like any other is hard work. Cryptocurrencies are EXTREMELY high risk and as with any other market you will probably lose all your trading capital very fast in this market as these markets are extremely volatile. All markets are high risk whether futures, stocks, spot forex, cryptocurrencies, commodities and bonds. If you do not understand the risks associated with leverage, or what this means, then you should consult an independent financial adviser immediately and before entering the trading world. Spot forex markets use leverage, which magnifies gains, but also magnifies your losses. Most people lose money very quickly, and the potential for heavy losses is real and likely. You should only ever use money you can afford to lose, and if you do not understand leverage, stop immediately and find out. Most traders lose money, and some lose all of their money, and more. To succeed takes time, effort, hard work, discipline grit and determination, and there is no guarantee you will succeed. All trading is high risk and one of the most difficult activities you will ever consider.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |