Trading itself is the most risky business in the world. And when you are taking loan to trade, you are actually multiplying your risk. Trading should be done with idle money. Money that you can afford to lose. Yes you can trade with other's money on profit sharing basis. But for that first you have to prove your consistency in profit making.
You certainly CANNOT take the risk of borrowing money and then trading with it. Its a disastrous mistake. Trading itself involves a very high risk of losing your capital so why would you want to loose borrowed capital and then pay interest on top of it?
I totally agree with what you wrote here. Trading is very risky and in my opinion, it should only be done with the help of professionals. I personally contact https://www.yhdistalaina.com/lainojen-yhdistaminen-danske-bank/ whenever I have to trade and they help me go through this process as safe as possible. I also think that trading with loaned money is a very dumb and risky thing to do because it can cause a lot of harm to the person that does this.
UweMoench posted: It is not a good idea to borrow money for trading. Trading is the riskiest business in the world. Borrowed money makes it worst. Trading should be done with idle money.
You are absolutely right buddy! When you lose your own money, you can’t lose more than what you have. But when you lose borrowed money, you can lose more than what you have.
and then you get trapped in a vicious debt trap... you take more debt to trade thinking you will be able to payoff your previously debt and earn profit for future.... which ineed never happens you are left with debt... huge debt and nothing to pay it. .
Trading with borrowed money is not advisable, because trading is risky, it possible make double stress if trading get fail choosing leverage also need to pay attention to, low leverage safer than high leverage it can prevent from over trading or greedy.
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