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Trade only with money you can afford to lose

Posted By On 10/23/2010 02:25:00 PM
This seems pretty self evident but many traders begin trading out of a feeling of desperation. They are desperate to change their life; they hate their job, etc. The problem here is that usually people approaching trading from this mindset are using money that they really can't afford to lose. If the money in your trading account could be put to a better use elsewhere in yours or a family member's life, than you should not be using it to trade with.
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