Leverage is any trader's friend. True traders know that! It's a matter of proper risk management.
“The secret of getting ahead is getting started.” – Mark Twain
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.
choosing leverage also need to pay attention to, low leverage safer than high leverage it can prevent from over trading or greedy.
I think we should only use the money which we can afford to lose because forex is a very risky business and we can never become successful if we have no skills and knowledge.
Jun 04 at 07:11
If you are a beginner then do not ever trade on forex with borrowed money, it is not a easy game buddy! You are risking your time and someone's else money. Better to trade with small amounts and if you don't have money, earn first from other regular sources and then try on it on forex.
winning_trades posted:
If you are a beginner then do not ever trade on forex with borrowed money, it is not a easy game buddy! You are risking your time and someone's else money. Better to trade with small amounts and if you don't have money, earn first from other regular sources and then try on it on forex.
If you don't have proper knowledge about the market, it will be not wise decision to make trade with borrowed money.
Sometimes, when we trade with money that we borrow, we lose some control.
Jun 28 at 09:51
Do not borrow money for high-risk business. You can borrow to invest in real estate, for example, but forex is too risky environment
The success is mine
Master_Z posted:
Do not borrow money for high-risk business. You can borrow to invest in real estate, for example, but forex is too risky environment
Yes, I think so, ideally, in real estate, the price will arise from years to years but borrow money also need to pay an instalment, if fail to pay it will become a new problem in life, if possible to live without loan I think will more comfortable to sleep.
Doing trading by borrowed money means making the risk double. Trading should be done with your idle money. Money that you can afford to lose.
Jun 30 at 09:22
Trading with borrowed money is like putting yourself in more risk zone. And if you have borrowed it from any institution then interests will eat up your gains. So no need to borrow, just trade wisely.
