Do you know what traders spend their first profit on?

[Vladimir Rojas]

To find it out, we questioned our traders. And the answers were surprising…

• 51% of traders spent money on a party with friends. What can be more important than fun? That’s true, nothing!
• And yet, our traders keep thinking about the future.
• That’s why 29% of them invested in the next trades.
• A bit fewer traders paid off their debt - 14%.
• And 6% underwent augmentation surgery... just kidding, they covered healthcare service.

So, what would you spend your first profit on?

 

[HeavLeighGill]

I originally started trading to get more income to help out with bills. I believe my first profit was spent on my car payment. I was about $100 short without the trading income and managed to make a larger payment than was required, which felt great at the time because I'd been struggling.

 

[Farm Yard Forex]

Developing other streams of income for me. I will never rely on a single stream of income, be it forex or any other.

 

[Henow1969]

I reinvested my first profit and gain more profit from it.

 

[pathsofglory]

I party only when I've made a huge profit. I think it’s important to appreciate and treat yourself after a win. Sometimes I buy something for myself and other times I invest my money back into the account for trading.

 

[Farm Yard Forex]

Treating yourself and living in the moment is important for sure but whether you trade or not doing so within the confines of at least a rough budget is a must. It's no good just YOLOing your winnings. Being rich doesn't mean you automatically have wealth.

 

[sharabela]

Thanks for sharing the information. It is quite interesting point to find out that traders spend their first profit with their friends most. I spent my first earning to meet some of my urgent needs. I had spent my profit to invest in the market later though.

 

[IceThor]

For a me it was a kebab

 

[NVP]

Spend it on more Trading knowledge and research .....

 

[IceThor]

For a me it was a kebab

Now I eat double kebabs

 

[Here]

Dentures?