Is it ethical to leverage financial knowledge for personal gain when many are unaware of the risks?
In a world where information is power, should those who understand forex trading take on a responsibility to educate others, or is their success a personal achievement that shouldn’t require sharing?
Kepler Wessels wrote:
In my investment must be based on comfort of the trader, so if anyone feels he is good enough to handle more investment then I believe he should most definitely be doing that, but if he is unable to do so then he should be careful with how much investment he makes. I started with just 5 USD thanks to OctaFX broker’s low minimum, it really made me comfortable and I was able to know my capability and now I have more investment which I can handle due to that previous experience.
It is dependent on how confident we are and what’s the level of knowledge we are having, if we have decent knowledge then starting with 100-200 dollars is perfect and we can obviously increase as time goes ahead or simply compound in case of profits, but one who is starting without huge education behind must be starting with 20-30 dollars maximum.
It’s a huge issue if we trade with huge investment without knowledge as the risk factor grows too far, I also started without investment thanks to OctaFX broker due to their 8 USD no deposit bonus account, it’s a really sensational amount to begin with and helps me a lot to trade with ultra level of comfort and that’s what leads me to be successful easily!
In my view investment must be based on comfort level of the trader, so if anyone feels he is good enough to handle more investment then I believe he should most definitely be doing that, but if he is unable to do so then he should be careful with how much investment he makes. I started with just 5 USD thanks to OctaFX broker’s low minimum, it really made me comfortable and I was able to know my capability and now I have more investment which I can handle due to that previous experience.