Showing discipline when investing
Gambling-related psychological tendencies can cause investors to take excessive risk
Add BT as a preferred source
MANY months ago, I talked to a young man who was sharing his experiences trading foreign exchange.
It was quite the cautionary tale.
He was 19 years old then and serving National Service. Influenced by friends who were into investing and trading, he signed up for an online account that allowed him to trade foreign exchange with 400 times leverage. His initial capital was S$2,000 of his own savings.
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