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Can you borrow money from the bank to trade forex?
Miembro desde Aug 10, 2021
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Miembro desde Jul 20, 2020
posts 399
Feb 03, 2022 at 08:20
Miembro desde Jul 20, 2020
posts 399
Yes of course but you would not get a loan if you asked for one 'to trade forex' but you can get a loan and trade that money. I would completely advise against it. If you are not skilled enough to bring a smaller account to a larger one you shouldn't use high amounts. Not to mention the implications of losing that money and then owing it back to the bank plus interest.
Miembro desde Feb 16, 2022
posts 63
Miembro desde Feb 16, 2022
posts 63
Mar 06, 2022 at 07:42
Miembro desde Feb 16, 2022
posts 63
We find many traders in Forex space who have taken loan from banks for funding in Forex market. However, it’s not an appreciable decision because how a trader will pay back the loan if he gets his balance crashed. So, it carries a large amount of risk for them ultimately.
Miembro desde May 19, 2020
posts 401
Mar 10, 2022 at 13:05
Miembro desde May 19, 2020
posts 401
You can take a loan only if the business plan assumes a 100% profit (minimum to cover the commission). This could be real estate, mining equipment, or goods to resale in a market where price fluctuation is minimal.
Forex market does not have such stability as real estate market. Therefore, borrowing money to trade is a risky business plan.
Forex market does not have such stability as real estate market. Therefore, borrowing money to trade is a risky business plan.
@Marcellus8610
Miembro desde Jan 13, 2021
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Miembro desde Feb 16, 2022
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Apr 14, 2022 at 05:15
Miembro desde Feb 16, 2022
posts 119
It’s never reccomendable to borrow money for Forex trading because Forex is such a market full of uncertainty. So, there is no assurance of paying back your borrowed money. There remains a fear what if your balance crashes. It creates an extra level of pressure for the person who borrowed money.
Miembro desde Feb 16, 2022
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Miembro desde Apr 14, 2022
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Miembro desde Apr 09, 2019
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Apr 22, 2022 at 19:30
Miembro desde Apr 04, 2022
posts 23
I believe that every initiative should be implemented. There are many examples where bank loan was the start of a big business. The most important thing is to earn more than give away, then passive income without financial investments is a good prospect.
A falling leaf does not try to influence the wind, it enjoys flying.
Miembro desde Apr 14, 2022
posts 34
Apr 27, 2022 at 05:36
Miembro desde Feb 16, 2022
posts 67
Borrowing money from banks for trading Forex is never a recommendable option. Forex is an uncertain market where anything can happen anytime. So, traders should not take such a risk that throws his lesser guarantee to payback his loan.
Miembro desde Apr 14, 2022
posts 41
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