eToro – Forex Trading Forum

[Futures-Systems]

Although near 80 years ago, the Great Depression should be burned into the mind of anyone who wishes to trade leveraged products, such as forex.

Living through this horrible time, wage losses exceeded 40%, and unemployment touching 25%.
Employment agencies reported over 50 people applying for each job, up from 3 people beforehand.

Bankruptcies separated workers and farmers from places and land owned by their families for generations.
Pawn shops reported that people ran out of things to pawn, even getting just a pittance for treasured family heirlooms.

Many who lived through this, were deeply affected for the rest of their lives. They became very thrifty, making do and trying to save as much as possible.

Let these people be a model to you. If a sudden shock hits your trade, will your leveraging and trading blow you out of the water? Do you double and triple check your statements? Are you overtrading?

Do you treat your trading as a hobby or a profession?

Stay tuned.
Futures-Systems

(Use this information at your sole risk and responsibility)

[annet1983]

thank you for the nice post, iam sure th eusers of our comminity will find it very useful!!! good luck in trading!