Podcast Ep.7 - How to Deal with a Bad Trade

Play-Audio-PTRadioDo you think you deserve special treatment? Rob Booker reflects on this question and on these common thoughts that don't help us improve as a trader. He also shares the first lesson he learnt in the beginning of his carrer.

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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.