
Originally Posted by
PROPENSITY100
It is true that we need to invest money in trading so that we can use our trading skills to derive some good profits on our investments. The money we invest in Forex trading has to come from some source whether it be through some job or business or some inherited funds.
What I want to say that when we invest money in trading we should ensure that we are capable of protecting our invested money and at the same time derive some good profits on our investments. I would share the example of one of my friends.
My friend X had a good job and salary and came into Forex trading. He spend some time in reading charts and then made quite a big investment but unfortunately he lost that. But he had more savings in his bank account so he made another deposit which he lost again. Soon he lost all his saving and then he began to wait till the end of the month when he received his salary so that he could invest that money also in trading. This continued for 2-3 years and then later he began to trade with loans.
Now though the person is physically alive he is financially ruined. Thus what I want to say is that we need to bear in mind that we trade to earn and not earn to trade. If we lose money continuously in trading we should know before it is too late that we are not fit for this business.
Please share your views about my article