Are you mad borrowing money to trade Forex?
Just abstract yourself from the trading for a moment and think well about next: brokers lend you money to trade and they are so happy to do so… they must look like hungry monsters, waiting to eat you up on lunch… They know the lunch time will come soon.
Being offered to leverage your initial investment as much as 400 times! This is mad. Even 200 times leveraged account is an account of a crazy guy! Well may be there are 1 or 2 true genius out there, but it is not you and me.
Just think of it, you are taking money you don’t have and you are putting them at risk, not a calculated risk, but unpredictable risk, like Forex currency market is. Is it wise? Will you be broke soon or become a millionaire? The answer is: you are broke from the moment you accepted those money. Why? Because you are not even close to the mind and the way of thinking of a true investor and risk manager, you are a gambler plus you don’t actually own the money you gamble. Beware, you will pay with your own money for this!
Leverage not ONLY gives you the chance to profit more it OFFERS you the same chance to lose MORE. Don’t full yourself, if you decide to take leverage – use max 20:1 boost. If you take more, don’t squeal later that no one warned you.
** Forex Lord of Darkness **

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