Can you borrow money from the bank to trade forex?
Členom od Aug 10, 2021
178 príspevkov
Feb 03, 2022 at 03:13
Yes, you can borrow money, but it can be risky if you fail forex.
Členom od Jul 20, 2020
399 príspevkov
Feb 03, 2022 at 08:20
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.
Členom od Feb 16, 2022
63 príspevkov
Mar 05, 2022 at 06:24
No, I will never recommend you to do this because Forex is such a market which can anytime turn a person destitute. If so happens with you, what will you do then? You will have no other way to pay back the loan.
Členom od Feb 16, 2022
63 príspevkov
Mar 06, 2022 at 07:42
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.
Členom od Mar 08, 2022
15 príspevkov
Mar 10, 2022 at 08:46
Absolutely not, the amount of interest return will be too high for me to pay back
Členom od May 19, 2020
400 príspevkov
Mar 10, 2022 at 13:05
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
Členom od Jan 13, 2021
52 príspevkov
Mar 10, 2022 at 14:46
Without being disrespectful I would say this is a really bad idea. You should invest what you can afford to lose and by borrowing the money you can’t afford it
Členom od Mar 11, 2022
18 príspevkov
Apr 04, 2022 at 05:19
Yes, banks provide loans for various purposes on the basis of some security guarantee. One can borrow money for trading from the bank,if he or she has something having value equal to the loan.
Členom od Feb 16, 2022
119 príspevkov
Apr 14, 2022 at 05:15
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.
Členom od Jan 21, 2022
57 príspevkov
Apr 14, 2022 at 05:42
I can assure you it will not end well, do not make this mistake. Wait for a while, once you think you have enough capital to match your goal, that is when you should consider trading. Make life easier, not tougher.
Členom od Apr 14, 2022
16 príspevkov
Apr 19, 2022 at 10:16
Absolutely not. Can you? Yes. Should you? No.suppose you don’t make the money you need to pay it back, what will you do? It is a terrible idea, and I would highly recommend against it.
Členom od Feb 16, 2022
63 príspevkov
Apr 21, 2022 at 05:30
Borrowing money from bank for trading Forex is never an acceptable proposal. Forex is a highly uncertain market and anything can happen here. So I can guarantee you that you can payback your loan by earning profits from trading.
Členom od Apr 14, 2022
32 príspevkov
Apr 22, 2022 at 11:09
The answer is yes you can borrow the money at the good terms for trading. But in my opinion, you should only borrow the money when you are pro or feel like you can handle the borrowed amount in making the profits.
Členom od Apr 09, 2019
538 príspevkov
Apr 22, 2022 at 13:44
Horrible idea. If you need capital look into prop firms maybe. But don't borrow money that you could lose entirely
If you can't spot the liquidity then you are the liquidity.
Členom od Apr 04, 2022
23 príspevkov
Apr 22, 2022 at 19:30
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.
Členom od Mar 17, 2022
29 príspevkov
Apr 26, 2022 at 04:49
Of course, you can. But I don’t think many traders would recommend doing that since forex trading is a risky affair. As there is no guarantee of you making profits, it can cause stress to a great extent.
Členom od Apr 04, 2022
25 príspevkov
Apr 26, 2022 at 05:41
This is not a good idea at all. Instead, keep aside a portion of your earnings and invest that in the forex market.
Členom od Apr 14, 2022
34 príspevkov
Apr 26, 2022 at 10:52
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.
Členom od Feb 16, 2022
67 príspevkov
Apr 27, 2022 at 05:36
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.
Členom od Apr 14, 2022
41 príspevkov
Apr 27, 2022 at 07:37
Imo, It is preferable not to borrow money from the bank to trade forex, the rest is up to the trader.
