Edit Your Comment
Can you borrow money from the bank to trade forex?
Anggota Sejak Aug 10, 2021
178 pos
Anggota Sejak Jul 20, 2020
399 pos
Feb 03, 2022 at 08:20
Anggota Sejak Jul 20, 2020
399 pos
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.
Anggota Sejak Feb 16, 2022
63 pos
Anggota Sejak Feb 16, 2022
63 pos
Mar 06, 2022 at 07:42
Anggota Sejak Feb 16, 2022
63 pos
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.
Anggota Sejak May 19, 2020
401 pos
Mar 10, 2022 at 13:05
Anggota Sejak May 19, 2020
401 pos
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
Anggota Sejak Jan 13, 2021
52 pos
Anggota Sejak Feb 16, 2022
119 pos
Apr 14, 2022 at 05:15
Anggota Sejak Feb 16, 2022
119 pos
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.
Anggota Sejak Feb 16, 2022
63 pos
Anggota Sejak Apr 14, 2022
32 pos
Anggota Sejak Apr 09, 2019
538 pos
Apr 22, 2022 at 19:30
Anggota Sejak Apr 04, 2022
23 pos
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.
Anggota Sejak Apr 14, 2022
34 pos
Anggota Sejak Apr 14, 2022
41 pos
*Penggunaan komersial dan spam tidak akan ditolerir, dan dapat mengakibatkan penonaktifkan akun.
Tip: Memposting gamba /url youtube akan secara otomatis menyematkannya di postingan Anda!
Tip: Ketik tanda @ untuk melengkapi secara otomatis nama pengguna yang ikut serta dalam diskusi ini.