The trouble with questionnaires is people just guess or learn what answers are expected. I think this just shouldnāt be offered to retail traders. There should be a capital requirement and limits on leverage at the very least because itās so risky. Itās almost the antithesis of investing for the long term.
Agree!
An ex-CFO of a UK CFD/Spread Betting business said itās a really dark business to work in as lots of people lose all their money and then you have to involve debt collectors . They have really big advertising budgets as they make a lot of money per client and constantly need to replace the clients they lose.
I was thinking about applying to work in one until I found out more about it!
I meant a slightly more complicated questionnaire, but yes if you are driven, then nothing will stop you.
@Jonny Thatās magic (and sounds like exactly the trade I was posting about. -58k).
Cross-stitching bad trades is a business idea for someone. Iād buy a few to remind myself that I know nothing.
btw @Freetrade_Team the link in your post is broken for me - should be Freetrade Invest Hub ?
Thanks, Iāve fixed that now