A Lesson in Currency Speculation

Yesterday I had tea with a classmate. He told me that his younger brother had lost hundreds of thousands in the currency circle and owed hundreds of thousands to the bank. Now he is being chased by the bank, which has made the family crazy.What happened was that his brother originally had a deposit of forty dollars, but he invested all of it in the currency circle. After losing it, he borrowed thirty dollars from the bank to speculate in coins. In just half a year, he almost lost all his seventy days. A classmate asked me if there was any way to help his brother make money back. I replied to my classmates that even Buffett doesn't have such ability.It is such a ridiculous thing to invest all the funds in the currency circle, or even borrow money to speculate in currencies. Lao Jiu is very scared when he thinks about it.I have warned my relatives, friends, and acquaintances countless times not to borrow money to speculate in currencies. As ordinary people, we can only use our spare money to invest. On the surface, the currency circle is full of opportunities, but in fact, there are undercurrents. There are very few people who can really make a difference in the currency circle. This is determined by the law of "seven losses, two draws, and one profit".If I have a deposit of forty dollars, I will only use five or ten dollars to enter the market at most. I will never use the rest of the money, let alone borrow money from the bank to speculate in currencies.As long as you grasp the principles of investing your spare money, even if you lose money, it will not have any impact on you and your family. Some people are extremely ridiculous and don’t understand the currency industry at all, so they just break in with the dream of getting rich overnight. If such people don’t lose money, who will? Friends, do you think what Lao Jiu said is right?

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