{"id":1155,"date":"2023-03-26T12:12:29","date_gmt":"2023-03-26T09:12:29","guid":{"rendered":"https:\/\/beatmarket.com\/blog\/?p=1155"},"modified":"2024-03-15T12:21:39","modified_gmt":"2024-03-15T09:21:39","slug":"my-major-market-mistakes","status":"publish","type":"post","link":"https:\/\/beatmarket.com\/blog\/my-major-market-mistakes\/","title":{"rendered":"My major market mistakes"},"content":{"rendered":"
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You know, I want to tell you about my main failures in the securities investment market to make it clear how not to do it. Even though it was a long time ago, I remember a lot like now)<\/p>\n\n\n\n

My first failure came 17 years ago, when I was just starting out in investing. Of course, as now, the first thing I came across was huge posters about trading, currencies, the currency market and how great it all is. With passion, I began to learn the basics and advanced techniques of chart analysis, from candlesticks to shoulders.<\/p>\n\n\n\n

The result of this knowledge was the first attempts at transactions. I was sure of success. No doubt. At that time I was still working and my salary was something like 400 dollars a month.<\/p>\n\n\n\n

Like a true professional, I opened a Forex account and deposited $1,000 there. I borrowed this money. The dollar\/yen currency pair was chosen as a pair for the deal. She has performed best on the charts in the past. The time period I chose was 15 minutes. And here it seems to be! The outlines of a familiar configuration began to appear on the chart, they definitely showed a good income in a couple of minutes.<\/p>\n\n\n\n

I made up my mind and made a deal. Of course, with a shoulder. My deposit disappeared in about 4 seconds. I managed to save about $300 out of the required 1000. I was lucky somehow to stop this madness a little before it killed me.<\/p>\n\n\n\n

In this lesson, I realized that Forex never again. Never ever.<\/p>\n\n\n\n

The second lesson came later. Approximately 7 years after the first. I got burned on the bank’s Eurobonds. The bottom line is simple – the bank’s license was taken away, the quotes collapsed, and then the auction stopped altogether. I can\u2019t say that I was as wrong here as the first time, but obviously there was a gap. If I had thoroughly studied the business of the bank and its financial statements, I would not buy these bonds. But the solid coupon yield in foreign currency attracted me and then taught me to be careful. ) This lesson cost me $4,000. I lost $4000 of my money.<\/p>\n\n\n\n

From this I concluded that from now on I will start investing again when I study every detail of smart investing, every business, every financial statement. This is where my smart investment journey began.<\/p>\n\n\n\n

I wish you – do not repeat my mistakes, although your experience is more sensitive and better remembered, but somehow it would be better to dispose of this thirst for adventure and quick profit.<\/p>