Topic: If we have great ability, is capital from bank loans safe for us to use trade? - page 3. (Read 1258 times)
April 05, 2020, 12:47:52 AM
Even if you have good trading skills, it is still risky to borrow from others people money or to get bank loans in order to have capital in trading. Yet is a good way in order to increase your money in trading but still do not do it especially if you are still new in the trading. There are many traders who falls in huge debt after they lose the money in trading that they loaned from banks. It is better if you will use your own capital in order to lessen the risks and also for you to have good mindset because there will be a bad mentality that you can have specially if your capital is only borrowed and you experienced losses.
April 04, 2020, 09:10:43 PM
in my opinion
If he's a really good trader and uses stop lose in his trades
he must take a loan from the company without being afraid
And I suggest trading without leverage
If he's a really good trader and uses stop lose in his trades
he must take a loan from the company without being afraid
And I suggest trading without leverage
April 02, 2020, 07:02:06 AM
Like he said it's to risky and insecure because not everytime you can win a trade even if you're a great trader you will still loss a position and closed it before the damage gets far worse. When you're trading with a loan money that could potentially get busted, especially with the pressure of borrowed money that you might pay with interest that might go wrong if you fail and loss.
April 04, 2020, 05:04:55 PM
Like he said it's to risky and insecure because not everytime you can win a trade even if you're a great trader you will still loss a position and closed it before the damage gets far worse. When you're trading with a loan money that could potentially get busted, especially with the pressure of borrowed money that you might pay with interest that might go wrong if you fail and loss.
Yeah in trading each and every person will have to face the risk and try best to overcome it. In case of having your own money, you don't hesitate to take this risk but loans need to pay that's why it's foolish to risk it but if you are confident about your trading abilities you can take the risk but be very careful about price changes and about scammers too and don't panic at any situation. 
April 04, 2020, 07:30:06 PM
I have a friend who has quite great trading skills, almost every trade he manages to make a profit. But I see he always uses capital
under $ 500.If in my opinion he should use a large capital of at least $ 5,000 to get greater profit. I suggest to him to borrow from
the bank as trading capital, but he refused with the reason too risky and insecure. I want the opinion of you members of this forum,
whether to use capital from bank loans unsecured and risky if used trading by traders who have good skills? even though in my opinion
safe as long as we can make a profit and smoothly repay loan installments to the bank.
That's too risky mate even though you know that you are capable to multiply it easily. Your frined is just playing safe perhaps he's not too confident too much to take the risk of loaning from the banks. I myself will do the same thing as I know myself that I'm not professional. It's better in my opinion to just take the risk money that it's really yours thus if things went suddenly, it'll be feasible for you to recover it within a shorter period of time.under $ 500.If in my opinion he should use a large capital of at least $ 5,000 to get greater profit. I suggest to him to borrow from
the bank as trading capital, but he refused with the reason too risky and insecure. I want the opinion of you members of this forum,
whether to use capital from bank loans unsecured and risky if used trading by traders who have good skills? even though in my opinion
safe as long as we can make a profit and smoothly repay loan installments to the bank.
It is risky and even I wont really tend to make such step just to have more capital to trade.I would rather choose on letting my capital grow until it would come to
a point that it would become bigger and do give out advantage.You wont mind on repaying something in the end of the month which means its less stress compared
if you do have obligations to pay up and also it wont really be worth if you do trade up on something that you have just borrowed and as said
you cant be sure on how the market moves and this will highly affect or do increase out the risk.
April 02, 2020, 11:31:45 AM
Your friend does it well and patience is the main key to profit every time he trades, and when you suggest borrowing money then obviously it will be a risk because you will not know what will happen in the future and your ability is not a guarantee for You will get the same opportunity as before, because when you borrow money for larger trading capital, indirectly it will make you greedy.
April 01, 2020, 10:35:16 AM
Guys, I am very bad about bank loans and any other loans. I rely most on myself and on the means that I possess. but there may be exceptions if there is a specific win-win business in which I am sure and which will bring me good profit and from which I can repay all my debt. But I believe that the cryptocurrency market carries too many risks, and therefore I never dare to take a loan from a bank in order to invest in a cryptocurrency or start trading cryptocurrency at the expense of funds received from a bank loan. Of course, I know some cases when people managed to make very profitable transactions and get good profit thanks to bank loans, but I do not want to try my luck.
April 02, 2020, 10:45:57 AM
I have a friend who has quite great trading skills, almost every trade he manages to make a profit. But I see he always uses capital
under $ 500.If in my opinion he should use a large capital of at least $ 5,000 to get greater profit. I suggest to him to borrow from
the bank as trading capital, but he refused with the reason too risky and insecure. I want the opinion of you members of this forum,
whether to use capital from bank loans unsecured and risky if used trading by traders who have good skills? even though in my opinion
safe as long as we can make a profit and smoothly repay loan installments to the bank.
That's too risky mate even though you know that you are capable to multiply it easily. Your frined is just playing safe perhaps he's not too confident too much to take the risk of loaning from the banks. I myself will do the same thing as I know myself that I'm not professional. It's better in my opinion to just take the risk money that it's really yours thus if things went suddenly, it'll be feasible for you to recover it within a shorter period of time. under $ 500.If in my opinion he should use a large capital of at least $ 5,000 to get greater profit. I suggest to him to borrow from
the bank as trading capital, but he refused with the reason too risky and insecure. I want the opinion of you members of this forum,
whether to use capital from bank loans unsecured and risky if used trading by traders who have good skills? even though in my opinion
safe as long as we can make a profit and smoothly repay loan installments to the bank.
April 02, 2020, 10:27:59 AM
no and never,even how good we are in trading please never consider this because the more you invest money with interest is the more riskier the trade goes.
if you are good in trading then sell something from your own things and use as capital right?so you have no obligation to pay back.
since you can buy many when you start winning in your trading.
if you are good in trading then sell something from your own things and use as capital right?so you have no obligation to pay back.
since you can buy many when you start winning in your trading.
March 31, 2020, 11:38:27 AM
I agree with your friend, it's very risky and of course whatever happens is all borne by your friend, it's better to use the existing capital and it will continue to increase from time to time so the capital will be greater by itself
March 28, 2020, 12:35:17 PM
I want the opinion of you members of this forum,
whether to use capital from bank loans unsecured and risky if used trading by traders who have good skills? even though in my opinion
safe as long as we can make a profit and smoothly repay loan installments to the bank.
Your friend is not a gambler and he understands that taking a loan from a bank is like going to the devil for a cup of water. Nothing from the devil is ever free of charge. There are always hidden charges. Your friend should continue in his record of winning trades and sooner than later he will have the big break he desires. whether to use capital from bank loans unsecured and risky if used trading by traders who have good skills? even though in my opinion
safe as long as we can make a profit and smoothly repay loan installments to the bank.
March 27, 2020, 07:43:22 PM
I have a friend who has quite great trading skills, almost every trade he manages to make a profit. But I see he always uses capital
under $ 500.If in my opinion he should use a large capital of at least $ 5,000 to get greater profit. I suggest to him to borrow from
the bank as trading capital, but he refused with the reason too risky and insecure. I want the opinion of you members of this forum,
whether to use capital from bank loans unsecured and risky if used trading by traders who have good skills? even though in my opinion
safe as long as we can make a profit and smoothly repay loan installments to the bank.
under $ 500.If in my opinion he should use a large capital of at least $ 5,000 to get greater profit. I suggest to him to borrow from
the bank as trading capital, but he refused with the reason too risky and insecure. I want the opinion of you members of this forum,
whether to use capital from bank loans unsecured and risky if used trading by traders who have good skills? even though in my opinion
safe as long as we can make a profit and smoothly repay loan installments to the bank.
In my opinion i would not take such a risk like that. Crypto currency is very much sensitive market that i ever mate. So i would not prefer to do that kinda step which are really risky. Many good trader will prefer to do with trade those money which will not affect on your life if you lose it (specially in crypto trade). Just think you take that loan and buy btc/altcoin and suddenly market fall because of global recession like corona (which did) then what would you do..? Sometimes skill don't support us and so my opinion it's better to stay way from that risk.
March 27, 2020, 05:59:13 PM
Loans are bad especially if you like taking a risk with your trades. They will cloud your judgement and made you trade more nervously. A gambler could could say that taking a loan can later force your hand in trading.
Also a loss of a loan hurts you more than a loss of your own money. You can be in some real trouble when they take your car or your computer because you stopped paying and cut you off from ways of making it back.
Stress would really be there and i agree on what you have said that loss of a loan does hurt even more than losing your own money since you know on what are the things behind in case you cant able to to make money.Also a loss of a loan hurts you more than a loss of your own money. You can be in some real trouble when they take your car or your computer because you stopped paying and cut you off from ways of making it back.
I dont see a valid reason why would take a loan just because you do trust yourself too much to trade and we know that not all days are profitable and just like now where market is going down and doing sideways.
Utilizing price movements cant give that much for you to take profits.
Its a matter of choice though but risk is heavier than reward.
March 27, 2020, 01:24:01 PM
You said almost everytrade he manages to make profit, which means he doesn’t make profit on every trade. So to you, do you think that taking a loan from bank to start trading cryptocurrency will be a good idea? There are times that he loses, what if he happens to lose more times after borrowing loans?
There are times you become anxious after you have lost some part of your trading money; at this point of time your focus is no longer on the main thing, you will only be focused trying to recover your losses and in the process of doing this you will keep on losing more money. I’d say that you should allow him, if he thinks that taking loan is not a good idea then he shouldn’t try it. Don’t force him into what he might regret later.
There are times you become anxious after you have lost some part of your trading money; at this point of time your focus is no longer on the main thing, you will only be focused trying to recover your losses and in the process of doing this you will keep on losing more money. I’d say that you should allow him, if he thinks that taking loan is not a good idea then he shouldn’t try it. Don’t force him into what he might regret later.
March 24, 2020, 08:34:41 PM
Loans are bad especially if you like taking a risk with your trades. They will cloud your judgement and made you trade more nervously. A gambler could could say that taking a loan can later force your hand in trading.
Also a loss of a loan hurts you more than a loss of your own money. You can be in some real trouble when they take your car or your computer because you stopped paying and cut you off from ways of making it back.
Also a loss of a loan hurts you more than a loss of your own money. You can be in some real trouble when they take your car or your computer because you stopped paying and cut you off from ways of making it back.
March 24, 2020, 07:13:30 PM
Your friend is right the bigger your capital the bigger the possible loss, He is taking the safe way making it slowly but surely. In the first place borrowing funds on a bank just for trading is not really good you might end up losing and paying it for years to be deducted on your daily salary. But if you are capable and have extra funds it is better to have bigger funds high-risk high rewards but it is too risky.
March 24, 2020, 06:06:01 PM
Don't ever take out a loan to trade or gamble. I know people personally who have done this and they are in debt because of this.
I had a friend who was broke, could only trade with like $3000. And he turned $3000 into like $9000 and then lost like half of it. So he assumed he knew what he was doing and borrowed like $10000 from a credit card because you knew he could pay it off soon. Long story short, he lost the entire account within a few weeks and had to pay off the credit card with its 20% APR interest. Worst financial decision of his life.
This is why credit cards actually stopped processing crypto exchange deposits back in 2018 because people could fall into debt if BTC crashed which is exactly what happened. And many people got burned and still owe the debt that they took out.
So never gamble with a loan.
Indeed, the desire to seek more profits is something that everyone wants to gain from trading but do not let that profit make us forget the nature of risk when we conduct trading, we don't need to talk about bank loans, trading margin loans are also an experience for us, the loan amount may be very high but it always comes with special conditions, risks and fees. A lot of people are proud of their skills in margin but the battle is at the end, the number of people smiling is still too small, while the crying is more than everI had a friend who was broke, could only trade with like $3000. And he turned $3000 into like $9000 and then lost like half of it. So he assumed he knew what he was doing and borrowed like $10000 from a credit card because you knew he could pay it off soon. Long story short, he lost the entire account within a few weeks and had to pay off the credit card with its 20% APR interest. Worst financial decision of his life.
This is why credit cards actually stopped processing crypto exchange deposits back in 2018 because people could fall into debt if BTC crashed which is exactly what happened. And many people got burned and still owe the debt that they took out.
So never gamble with a loan.
I agree with @Gheka here. Despite loans availability I always advise people not to take loans out simply for the purpose of trading. This is because like its said above, the risks are so much higher and you're not guaranteed profit even if you pride yourself as a good trader. Plus, the complication you'd get yourself into with paying interest rate on the loan is another reason not to assume profit and to just trade with only what extra $$$ you got!
It isnt worth the risk imho and aside from no guarantees on making profit you are indeed also being stressed too much that you should able to repay the loan which would really be a main distraction
towards your trading activity.Over confidence is one of the problems too yet even how good you are, you cant be sure if you would make money on a particular day,week or month.
So i wont take a risk on things which im aint sure that i can repay on said due date but if you we are somewhat sure on our skills then your choice but always think twice
on the consequences in case you do fail into your expectation.
March 24, 2020, 03:28:44 PM
Of course, each person has their own opinion on whether to take a loan from a bank or not. Many people know that you need to rely on something so that you can give credit to the borrower. But in my experience, a bank loan always carries a certain burden for a person and a person burdened with such a burden will not be able to fully work on the cryptocurrency market, because at the psychological level it will underestimate its results. This is a psychological moment of the negative impact of bank credit on human activities.
March 24, 2020, 10:23:44 AM
Don't ever take out a loan to trade or gamble. I know people personally who have done this and they are in debt because of this.
I had a friend who was broke, could only trade with like $3000. And he turned $3000 into like $9000 and then lost like half of it. So he assumed he knew what he was doing and borrowed like $10000 from a credit card because you knew he could pay it off soon. Long story short, he lost the entire account within a few weeks and had to pay off the credit card with its 20% APR interest. Worst financial decision of his life.
This is why credit cards actually stopped processing crypto exchange deposits back in 2018 because people could fall into debt if BTC crashed which is exactly what happened. And many people got burned and still owe the debt that they took out.
So never gamble with a loan.
Indeed, the desire to seek more profits is something that everyone wants to gain from trading but do not let that profit make us forget the nature of risk when we conduct trading, we don't need to talk about bank loans, trading margin loans are also an experience for us, the loan amount may be very high but it always comes with special conditions, risks and fees. A lot of people are proud of their skills in margin but the battle is at the end, the number of people smiling is still too small, while the crying is more than everI had a friend who was broke, could only trade with like $3000. And he turned $3000 into like $9000 and then lost like half of it. So he assumed he knew what he was doing and borrowed like $10000 from a credit card because you knew he could pay it off soon. Long story short, he lost the entire account within a few weeks and had to pay off the credit card with its 20% APR interest. Worst financial decision of his life.
This is why credit cards actually stopped processing crypto exchange deposits back in 2018 because people could fall into debt if BTC crashed which is exactly what happened. And many people got burned and still owe the debt that they took out.
So never gamble with a loan.
I agree with @Gheka here. Despite loans availability I always advise people not to take loans out simply for the purpose of trading. This is because like its said above, the risks are so much higher and you're not guaranteed profit even if you pride yourself as a good trader. Plus, the complication you'd get yourself into with paying interest rate on the loan is another reason not to assume profit and to just trade with only what extra $$$ you got!
March 24, 2020, 09:34:54 AM
Don't ever take out a loan to trade or gamble. I know people personally who have done this and they are in debt because of this.
I had a friend who was broke, could only trade with like $3000. And he turned $3000 into like $9000 and then lost like half of it. So he assumed he knew what he was doing and borrowed like $10000 from a credit card because you knew he could pay it off soon. Long story short, he lost the entire account within a few weeks and had to pay off the credit card with its 20% APR interest. Worst financial decision of his life.
This is why credit cards actually stopped processing crypto exchange deposits back in 2018 because people could fall into debt if BTC crashed which is exactly what happened. And many people got burned and still owe the debt that they took out.
So never gamble with a loan.
Indeed, the desire to seek more profits is something that everyone wants to gain from trading but do not let that profit make us forget the nature of risk when we conduct trading, we don't need to talk about bank loans, trading margin loans are also an experience for us, the loan amount may be very high but it always comes with special conditions, risks and fees. A lot of people are proud of their skills in margin but the battle is at the end, the number of people smiling is still too small, while the crying is more than ever I had a friend who was broke, could only trade with like $3000. And he turned $3000 into like $9000 and then lost like half of it. So he assumed he knew what he was doing and borrowed like $10000 from a credit card because you knew he could pay it off soon. Long story short, he lost the entire account within a few weeks and had to pay off the credit card with its 20% APR interest. Worst financial decision of his life.
This is why credit cards actually stopped processing crypto exchange deposits back in 2018 because people could fall into debt if BTC crashed which is exactly what happened. And many people got burned and still owe the debt that they took out.
So never gamble with a loan.
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