Trading with borrowed money
Mar 25, 2021 at 13:59
Trading itself is the most risky business in the world. And when you are taking loan to trade, you are actually multiplying your risk. Trading should be done with idle money. Money that you can afford to lose. Yes you can trade with other's money on profit sharing basis. But for that first you have to prove your consistency in profit making.
Shakeel Ahmed (Shakeel96786)
Mitglied seit Feb 08, 2021
1 Posts
Mar 25, 2021 at 14:57
It very truly said, but forex trading is practicing economic knowledge and emotions, with smart money management you can earn profit for your self and your lender also but it is not a baby game ,
Mitglied seit Jul 23, 2020
759 Posts
Apr 06, 2021 at 14:23
It is good, especially for small traders. But it also exposes risk. So, use it carefully.
Elena Triston (ele020)
Mitglied seit Apr 15, 2020
219 Posts
Apr 07, 2021 at 06:48
You certainly CANNOT take the risk of borrowing money and then trading with it. Its a disastrous mistake. Trading itself involves a very high risk of losing your capital so why would you want to loose borrowed capital and then pay interest on top of it?
The more your practice, the more you learn.
lovefortrading (perryjohn765)
Mitglied seit Sep 12, 2017
238 Posts
Apr 07, 2021 at 07:20
borrowing money to trade is not at all a good idea. one should borrow money only if there is a surety of money returning. But as forex is risky one needs to be sure before investing or trading
Mitglied seit Apr 23, 2021
5 Posts
May 28, 2021 at 11:37
I totally agree with what you wrote here.
Mitglied seit Apr 23, 2021
5 Posts
May 28, 2021 at 11:37
I totally agree with what you wrote here. Trading is very risky and in my opinion, it should only be done with the help of professionals. I personally contact https://www.yhdistalaina.com/lainojen-yhdistaminen-danske-bank/ whenever I have to trade and they help me go through this process as safe as possible. I also think that trading with loaned money is a very dumb and risky thing to do because it can cause a lot of harm to the person that does this.
Mitglied seit May 31, 2021
13 Posts
Jun 01, 2021 at 09:33
UweMoench posted:You are absolutely right buddy!
It is not a good idea to borrow money for trading. Trading is the riskiest business in the world. Borrowed money makes it worst. Trading should be done with idle money.
When you lose your own money, you can’t lose more than what you have. But when you lose borrowed money, you can lose more than what you have.
Jun 01, 2021 at 10:07
If you can make money grows, the more money you have (from what ever source) the better.
Forex is risky only because your style is trade too risky.
I agree that if your trade is risky then better don't borrow money to trade.
Forex is risky only because your style is trade too risky.
I agree that if your trade is risky then better don't borrow money to trade.
If you can prove that you can make money grows, tons of money will flow to you.
Elena Triston (ele020)
Mitglied seit Apr 15, 2020
219 Posts
Jun 01, 2021 at 10:41
eddieteddie posted:and then you get trapped in a vicious debt trap... you take more debt to trade thinking you will be able to payoff your previously debt and earn profit for future.... which ineed never happens you are left with debt... huge debt and nothing to pay it. .UweMoench posted:You are absolutely right buddy!
It is not a good idea to borrow money for trading. Trading is the riskiest business in the world. Borrowed money makes it worst. Trading should be done with idle money.
When you lose your own money, you can’t lose more than what you have. But when you lose borrowed money, you can lose more than what you have.
The more your practice, the more you learn.
Mitglied seit May 25, 2021
9 Posts
Jun 01, 2021 at 10:52
We are all trading with borrowed money when we use leverage.
Jun 03, 2021 at 15:45
AurelieFrancis posted:It is very difficult to sustain investment with borrowed money. Trading is very risky so I don't think it is possible to trade with borrowed money.
I would suggest using leverage instead of borrowing money because leverage is like borrowing money. Trading is a risky business, and borrowing money can make it worst.
Jun 03, 2021 at 23:42
Trading with borrowed money is not advisable, because trading is risky, it possible make double stress if trading get fail
choosing leverage also need to pay attention to, low leverage safer than high leverage it can prevent from over trading or greedy.
choosing leverage also need to pay attention to, low leverage safer than high leverage it can prevent from over trading or greedy.
