Can you borrow money from the bank to trade forex?

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.

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

Of course you can, but I believe it is a bad idea.
Trading is risky!

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.

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.

Trading using borrowed is not at all suggested. Always trade with the money you can afford to lose.

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.

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.

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.

Why would you take a loan if you can buy a funded account in a prop firm if you had a good strategy?

i think we should trade by borrowing money. You must have your own money because forex is a very risky business.

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

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.

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.

You can but I won’t advise you to take a loan and put it in such a risky business. Trade only when you have money that you can afford to lose. Otherwise, don’t take an unwanted risk.

You can borrow money from the bank as in terms of personal loan. However, it is best advised to not do so. You should always use your own money to trade, and risk only as much as you are ready to lose.
Even if you have a small capital, you can use leverage from your broker to trade with higher capital. Just remember to use leverage carefully with risk management.

No, I will never borrow money from bank for Forex trading because it is risky and life-threatening. There is no guarantee that you can generate profit from Forex trading and can repay the loan. So, it’s never recommendable to take loan from bank to trade Forex.

I don’t think I will ever take a loan to trade or recommend anyone to do that knowing that trading is a risky job and there is no guarantee that you will be able to make money from your trades. You must take risks with only that money that you can afford to lose. By taking a loan, you will be going beyond your risk appetite.

I wouldn’t recommend borrowing money for trading purposes. Forex is a risky market. With a debt in your hand, you could make things worse, as this would put you in more psychological stress. Trade with your own money. If you don’t have money, get a job and save money for trading.