The potential rewards of futures trading are significant, but in no way should it be seen as a get rich quick scheme. Traders looking for quick cash end up trading more on emotion and greed than detailed analysis and proper risk management. The desire for money forces investors to look desperately for the next trade. They are 1nore likely to take unecessaiy risks to get their retu'n, and those additional risks usually lead to large losses. It is even worse if they happen to have some positive results early. If traders have a string of successful trades, they develop a false sense of invincibility and ego and begin to increase the stakes in their already risky trades until they lose everything very fast.
A familiar story?
0 Comments:
Post a Comment
<< Home