As per Vijay Kedia, Trading can be dangerous for your money. You can lose all your savings in just one trade. Nowadays, many brokers, TV channels, and experts are encouraging young people to trade, but it’s a big mistake. They want to make money by fooling others and pretending to have all the answers.

He said in an article in Economic Times, “There’s an old movie I remember where a character named Raj Kapoor promises to sell houses for a very low price in the future. But it’s all a trick. He’s not really selling houses; he’s selling dreams and fooling people. The movie was called “Shri 420.”

Smoking may kill you in 20 years, but trading in stock futures can kill you the next day

Vijay Kedia

Instead of risking your money in trading, it’s better to save and build up your capital over time. You can do this by cutting back on unnecessary things like expensive clothes, fancy restaurants, and using public transportation instead of fancy cars. Saving money is more important than showing off.

The biggest mistake people make in the stock market is wanting to become a millionaire quickly. It doesn’t work that way. It takes time and patience to build wealth.

In investing always remember Rome was not built in a day and in trading always remember Hiroshima and Nagasaki were destroyed in a day.

Many people confuse investing with trading. Investing is about long-term planning and understanding the value of what you’re buying. Trading is more about quick decisions and taking risks. It’s important to know the difference.

If you treat the stock market like a casino, you’ll end up losing. It’s not about luck; it’s about knowledge and understanding. Don’t gamble with your money.

Before you make any trades, think about your responsibilities and the people who depend on you. Your capital is important, and protecting it should be your priority.

Focusing solely on futures trading can take over your life and harm your health. It’s important to have a balanced life and not let trading consume everything. Remember, the purpose of life is to be happy.

To sum it up, trading can be dangerous if you’re not careful. Be aware of the risks and don’t fall for false promises. Save money instead of risking it all in trading. Take your time to build wealth and don’t expect instant results. Understand the difference between investing and trading. Protect your capital and think about your responsibilities. Don’t let trading control your life. Happiness is what matters most in the end.