Why do successful traders not advise others to trade?

1. Only by personal experience can you understand the cruelty of trading. 2. Most people do not have such a large risk tolerance

Hello sir, thank you. I dare not say that I am a successful trader, but in the past 4 years, I have not suffered a loss on a monthly basis. But for some of my friends, I also choose not to let them trade. There are several reasons for this:

1. My own family conditions: I have a friend who has a very stable job. The couple’s monthly income is close to 30,000 yuan, and they don’t have to repay the property and car loans. They have two children. In a third-tier city, such a family In fact, it is quite happy, and the income is not low. But because the two of them usually spend a lot of money and like to buy luxury goods, sometimes they can't make ends meet, let alone save money. Therefore, for those who have no savings and need to go out to borrow money, I do not recommend him to trade. If you want to trade, you can spend up to 20% of your deposit for trading, and you can't exceed this number.

2. Gambling: Forex trading is a high-risk financial derivative. And in this market, there are not a few people who get rich overnight and want to give it a go. But if a person likes to gamble before entering this market, then I personally do not recommend trading. Because if you bet 9 times right and wrong once, you may lose your position or even go bankrupt.

3. Those who are unwilling to learn: Any industry needs to learn, and it is also necessary to learn in high-risk markets such as foreign exchange. Although its threshold is very low, it is very difficult to make money. Therefore, if a person is unwilling to learn, he will be eliminated by this market sooner or later. Moreover, learning requires systematic training, rather than the conclusions drawn from the left and right on Baidu, which is also not acceptable. ​