Personal Development for Smart People Forums - View Single Post - Forex is too risky, so why you still doing trading.

SnerpGoodWord · 12-16-2011, 07:53 PM

I really think you may be delusional or something. If you average down in a currency that drops to 1/10,000th of it's original value, you're going to lose all your money - or at least about 9999/10,000ths of it depending on exactly where you add to the position on the way down. That's losing all your money.

All the currencies I mentioned devalued at least that much.

I really get the feeling you're a guy who knows nothing about finance, but loves to argue about it on the internet. I'd ignore you, but I'm afraid someone will believe you and do something dangerous.

12-16-2011, 07:53 PM	#31 (permalink)
SnerpGoodWord Family Member Join Date: Feb 2010 Posts: 1,519	I really think you may be delusional or something. If you average down in a currency that drops to 1/10,000th of it's original value, you're going to lose all your money - or at least about 9999/10,000ths of it depending on exactly where you add to the position on the way down. That's losing all your money. All the currencies I mentioned devalued at least that much. I really get the feeling you're a guy who knows nothing about finance, but loves to argue about it on the internet. I'd ignore you, but I'm afraid someone will believe you and do something dangerous.