Carpon
Valued Contributor
Forex is a business that is so risky. Others see it as a bet and just a kind of prediction game. It's surely a risky business but that does not mean it shouldn't be done or given a trial. First and foremost, one must study the trade as much as he can and get the necessary knowledge and information about it.
Then moreso, wisdom must be applied when doing forex. A story was told of a wealthy business man who owned companies,had cars and landed properties and was really flourishing so well. At some point he began forex trading and due to the fact that he had acquired much knowledge about it, he was doing well in it. He will invest huge amount of money and still make great profits and rarely lost any of his investments.
He even hosts seminars where people pay huge amount of money for him to teach them the skills they need in forex and also he was a broker and he makes investment for people who will pay him after he has made profit.
But at some point the market turned red and he began to lose. As a wise person the first thing is withraw a little from the trade and make analysis about the caused of your loss before investing again but he didn't. Rather he kept investing till his last dime was fine and he went bankrupt.
He lost his company, cars and properties to forex due to poor application of wisdom. As a forex trader you must apply wisdom in all spheres of your investment and ensure that you don't make such silly mistakes.
The pain of losing is never bearable and it leaves an indelible mark most especially if the loss was not succeded with a profit.
Big stepping is allowing wisdom rule as you trade forex
Then moreso, wisdom must be applied when doing forex. A story was told of a wealthy business man who owned companies,had cars and landed properties and was really flourishing so well. At some point he began forex trading and due to the fact that he had acquired much knowledge about it, he was doing well in it. He will invest huge amount of money and still make great profits and rarely lost any of his investments.
He even hosts seminars where people pay huge amount of money for him to teach them the skills they need in forex and also he was a broker and he makes investment for people who will pay him after he has made profit.
But at some point the market turned red and he began to lose. As a wise person the first thing is withraw a little from the trade and make analysis about the caused of your loss before investing again but he didn't. Rather he kept investing till his last dime was fine and he went bankrupt.
He lost his company, cars and properties to forex due to poor application of wisdom. As a forex trader you must apply wisdom in all spheres of your investment and ensure that you don't make such silly mistakes.
The pain of losing is never bearable and it leaves an indelible mark most especially if the loss was not succeded with a profit.
Big stepping is allowing wisdom rule as you trade forex
