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Can you borrow money from the bank to trade forex?

tobeygomez
Apr 26 at 10:52
posts 34
No, I won't advise you to do so as it can blow up your account in no time, keeping in mind the forex's volatile nature. Once you face loss, then it would be very difficult to pay back the loan and it might leave you debt-ridden.
LeoGM
Apr 27 at 05:36
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.
fxashely89
Apr 27 at 07:37
posts 26
Imo, It is preferable not to borrow money from the bank to trade forex, the rest is up to the trader.
feelsofine
Apr 27 at 07:56
posts 60
I honestly could never borrow or take loan from anything, let alone even from my parents.
Seb King (sebking1986)
Apr 27 at 09:40
posts 538
feelsofine posted:
I honestly could never borrow or take loan from anything, let alone even from my parents.

The world revolves around debt. Leverage it correctly and it's a game changer. Sadly the majority don't know how to or abuse it and stay poor.
If you can't spot the liquidity then you are the liquidity.
tatteredhope
Apr 27 at 11:02
posts 9
Sure you can take a bank loan and use it for trading but as most people lose money trading. I doubt that this is a good idea
Adamandeve
Apr 27 at 20:05
posts 28
Of course you can, but I believe it is a bad idea.
Trading is risky!
Ask, and you will receive; seek, and you will find; knock, and it will be opened to you.
Suradi (FXOday)
Apr 27 at 23:18
posts 399
Forex trading is a risky business, when you are in worse trades, and use the loan for trading, then will make deep regret on your minds, maybe you will get depression because still must pay the loan and you don't have money, keep obeying golden rules investing in risky business, just spent money that affords to lose, one advantage forex can start with low budget trading like $100 even low $10 can start.
davemack
Apr 28 at 03:58
posts 78
Yes, there are many banks that offer loans but I’d not suggest you take a loan for trading as it is more risky than trading with leverage.
RobertFerrari
Apr 28 at 04:33
posts 415
Never borrow money from anywhere for Forex trading because it will destroy you financially. Forex is such a business that can be traded with a little cash. So, try to save money from earning for investing in Forex. It isn’t a big problem if the capital you saved is little.
TroyTheTrader
Apr 28 at 08:37
posts 33
Trading using borrowed is not at all suggested. Always trade with the money you can afford to lose.
saluteband
Apr 30 at 04:22
posts 31
Taking a loan for trading, in my opinion, is unnecessary. If you're comfortable trading small amounts of money, go for it. You can gradually increase the amount after you have confidence.
Harshelgibbs
May 04 at 07:04
posts 18
Yes you can borrow money from banks but never ever think of trading by taking loans. The forex market is highly unpredictable and volatile so you have no certainty of anything. It takes years to earn and only seconds to lose so why take risk. What if you lose all the money due to economic disruption or war. What will you do in such a situation? Don't ever put yourself in that hole.
Mitchelsmith
May 04 at 07:28
posts 21
Yes, you can borrow money for trading purposes on favourable terms. However, in my opinion, you should only borrow money if you are a pro or confident that you can manage the borrowed funds to make returns.
Cegar (Cegar)
May 24 at 18:27
posts 26
you can, but you sure that it will be beneficial? banks lend money for a percent, so you will have to pay a bit more than u have borrowed before.
if this burden won't be so tough to you, and the level of liability in front of the bank won't hesitate u, why not? banks can lend money but you have to explain for what purposes and prove your financial sustainability. If u really wanna start trading but don't know where to get money, ask your friends or closest people. u can pay them back without any fees and percents. it's twice more beneficial as for you as for your friends, because they know that you will pay them back.
gabys2guitar
May 24 at 22:59
posts 1
Why would you take a loan if you can buy a funded account in a prop firm if you had a good strategy?
Williamfreed
May 25 at 00:46
posts 176
i think we should trade by borrowing money. You must have your own money because forex is a very risky business.
Suradi (FXOday)
May 25 at 02:33
posts 399
This is not a good idea to borrow money to invest in forex, although possible this is not recommended because the result today is not guaranteed will get the same result for tomorrow, while you need to pay loan installment monthly or daily basis, while possible risk the fund in account trading not growing even worse margin call account make bad life
LeoGM
May 25 at 06:38
posts 67
Maximum of the traders don’t have sufficient trading experience so they should not take loan from bank for trading. Lack of experience makes a trader suffer in the long run. So, traders should hard and soul try to flourish their experience in at any cost. But, it’s essential for a trader to be well learned, motivated and mentally-fit for trading.
Afterpiece
May 27 at 04:45
posts 30
You can do that technically. However, investing money that was borrowed from a bank into the market is not a smart move at all and should be avoided at all costs. Imo, using leverage is better than borrowing money from the banks.
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