If we have great ability, is capital from bank loans safe for us to use trade? - page 5.

MWesterweele

hero member

Activity: 1372

Merit: 564

Quote from: beerlover on March 05, 2020, 01:26:22 PM

To be honest I do understand those people because lets face it, if you wake up every morning, go to work, come back home and watch some tv and sleep and repeat that the simple fact is you will probably not get rich. You have to do something different to stand out and make some extra because the world is designed to keep the working class keep being working class and unless you risk something you will not make any money and will be poor until you die.

However, the way to get out is not to risk the money you do not have but more like risk the money you worked hard to save. Some people literally wake up at 6 am, study a bit about their startup, go to work at 8 am, come back at 5 pm, start working on their startups at 6 pm and work until 2 am to make their dreams work, that is how you get richer, not by taking a loan and trading with it.

For me its depend the situation, for me taking the risk if you have huge money in your hand but if not then dont risk your money particularly if you used your loan for you trade even you have a great ability in trading. Its better to used your own money but dont used all, its better to divide your money.

beerlover

legendary

Activity: 2842

Merit: 1152

To be honest I do understand those people because lets face it, if you wake up every morning, go to work, come back home and watch some tv and sleep and repeat that the simple fact is you will probably not get rich. You have to do something different to stand out and make some extra because the world is designed to keep the working class keep being working class and unless you risk something you will not make any money and will be poor until you die.

However, the way to get out is not to risk the money you do not have but more like risk the money you worked hard to save. Some people literally wake up at 6 am, study a bit about their startup, go to work at 8 am, come back at 5 pm, start working on their startups at 6 pm and work until 2 am to make their dreams work, that is how you get richer, not by taking a loan and trading with it.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Yes, though riskier than setting up your own business and making sure that you will have something left to sell should you see your capital going bust. I see nothing wrong with it provided that the borrower will have the means to pay foe the capital plus the interest on the bank, but if you got nothing to help you bail out of the mess then I'll probably advice against it. Once you got the loan, it's yours to use anyway but use it wisely--and before jumping into the mess that is trading, better be equipped with knowledge and experience or you will just put the money down the drain.

deisik

legendary

Activity: 3458

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Mumbeeptind1963 on March 05, 2020, 04:31:13 AM

Quote from: ?? on ??

Nothing's wrong with using small amount for trade, your friend already have consistent profit, is really better than get nothing. You should support him with his decision stay under $ 500 and not use money from bank. Profit is goals but trading is not always about money, there's other side we can get, such as time and disciplines, you can't exchange both with money

I agree there's nothing wrong to trade by using your loan as capital

There is everything wrong with that, but this is not what the poster you replied to said. There is absolutely nothing wrong with using small amounts to trade (to each their own), but this has nothing to do with borrowing funds from the bank (whatever the amount). Further, if you need some leverage, you don't have to take a loan from a bank at all. You can just start trading on margin. The effect will be the same since you are effectively borrowing from other traders (or exchange itself)

This whole thread makes no sense if you can margin trade

davinchi

legendary

Activity: 2100

Merit: 1058

Quote from: Gheka on March 03, 2020, 10:02:24 AM

Your thinking is not wrong when loans from banks always force us to pay monthly profits, besides, trading has no concept of absolute success, so we will have a lot of pressure, from making a profit, avoiding loss and paying interest to the bank but we still need to remember that trading is not completely gambling when we have the knowledge, and no investment is 100% guaranteed. If the risk could be doubled, the profits would correspond, even more when we make money in the crypto market, therefore, with sufficient confidence in the skills, this option may still be considered

Yes, trading does not actually have fixed profits but the profits a experienced trader can have in trading are quite higher than the amount of interest we would need to pay so it would always be profitable to take loan from banks at 10% to 20% interest rate and earn 40% to 100% in few months in leverage or margin trading if having experience.

Risk is constant here so you should always have a backup plan before proceeding with any such deal because you might even need to pay excess charges from your pocket if ever you face constant loss by simultaneously hitting your stop loss or liquidation price, etc.

xSkylarx

hero member

Activity: 2352

Merit: 594

Quote from: yupi84crypto on February 27, 2020, 11:19:01 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.

Your friend knows how to handle his funds well and it's a good thing that he's not relying too much on his skills. We all know that trading wouldn't guarantee us a good amount of profit without risking a huge amount of capital as well. We should still control ourselves from risking a huge capital especially if we'll just borrow it from banks.

Mumbeeptind1963

hero member

Activity: 1190

Merit: 568

Sovryn - Brings DeFi to Bitcoin

Quote from: ?? on ??

Nothing's wrong with using small amount for trade, your friend already have consistent profit, is really better than get nothing. You should support him with his decision stay under $ 500 and not use money from bank. Profit is goals but trading is not always about money, there's other side we can get, such as time and disciplines, you can't exchange both with money.

I agree there's nothing wrong to trade by using your loan as capital, but I think it better to used your own money than borrowing and paying it with interest. But make sure you have enough knowledge and put only small anount of divide your money, one for your daily needs and the other for your trading.

Assface16678

full member

Activity: 1428

Merit: 135

★Bitvest.io★ Play Plinko or Invest!

Quote from: South Park on March 04, 2020, 05:31:39 PM

Quote from: bitgolden on February 29, 2020, 12:17:14 PM

You’re just trying to misleads your friend man. How do you advise someone to borrow loans and trade with it? Why don’t you give money instead and forgive him when the trade goes wrong? For sure you would not do that but you are advising him to borrow loan. Borrowing money to trade is a very bad idea and you should know that.

Imagine that he lose that money in trade, I hope there will be a means for him to be able to make up and pay it back right? It would be best for him to continue with the $500 he is trading with and keep taking it a little until he grows big. It’s not good to be rushing these things, it’s best to do with what you can afford to avoid regrets.

Not only that we do not really know if his friend is really good at trading, many believe that as long as they win a few trades then they have a system that works but in order to verify that what you are doing works you will need to backtest it against several different markets and compare the performance of your system, most traders never do that so they do not have a clear idea of how profitable, if any, their system really is, so it will be a mistake to get a loan under those circumstances.

Today one of the fastest earning is with the use of trading many people want to be included with this because they think it just easy still there are some essentials needed to win our trades some of them are paying some time just to earn a lot of knowledge first, they need to identify the strategy and techniques how they will win their trades and also avoid having market mistake. If you think you are already confident to the task you are doing and you will win your market income and have a capital better to start your trading right now but if you don't have any capital you can use the bank to get some money for your investment but always make sure all of the transaction happening is calculated avoid getting too much money and lose it that may cause having a debt.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: bitgolden on February 29, 2020, 12:17:14 PM

You’re just trying to misleads your friend man. How do you advise someone to borrow loans and trade with it? Why don’t you give money instead and forgive him when the trade goes wrong? For sure you would not do that but you are advising him to borrow loan. Borrowing money to trade is a very bad idea and you should know that.

Imagine that he lose that money in trade, I hope there will be a means for him to be able to make up and pay it back right? It would be best for him to continue with the $500 he is trading with and keep taking it a little until he grows big. It’s not good to be rushing these things, it’s best to do with what you can afford to avoid regrets.

Not only that we do not really know if his friend is really good at trading, many believe that as long as they win a few trades then they have a system that works but in order to verify that what you are doing works you will need to backtest it against several different markets and compare the performance of your system, most traders never do that so they do not have a clear idea of how profitable, if any, their system really is, so it will be a mistake to get a loan under those circumstances.

imstillthebest

full member

Activity: 1638

Merit: 122

i think i already heard a simillar to this but it was gambling related . the guy also ask that he will gamble a loan money from a friend because he had a skill . not sure if you are related to it ? and this time you use the word trade and banks . trading is less riskier than on gambling but the said amount on the op is still huge imo . better if you lower it and see if how things go , on trading you can possibly earn if you have an ability or skill but you cant say that it is safe . safe only means that zero risk .

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: Gheka on March 03, 2020, 10:02:24 AM

Quote from: sheenshane on March 03, 2020, 09:42:59 AM

Quote from: ArIMy11 on March 03, 2020, 09:21:02 AM

It is not safe. You're not 100% sure that you will earn in trading in order to pay your loan. Loans do have interest and you'll not gonna like seeing it growing because you have no money to pay for it. For now it is OK to use small capital. At least he can still afford to lose some small capital. As what you have said he manage to make profit, then make that small capital grow.

Tend to agree with this, borrowing money with someone else or even in the bank is a very risky part because you don't know if you will earn a profit or lose. Start with a big capital in trading is a good idea but when it comes borrowing on it just to have capital isn't a good idea anymore. Because trading for me is just like gambling, you didn't know it will give accurate profit. That's why I prefer capital that I can afford whether win or loss at least that's come from my own pocket.

The possible outcome or consequences is probably double jeopardy.

Your thinking is not wrong when loans from banks always force us to pay monthly profits, besides, trading has no concept of absolute success, so we will have a lot of pressure, from making a profit, avoiding loss and paying interest to the bank but we still need to remember that trading is not completely gambling when we have the knowledge, and no investment is 100% guaranteed. If the risk could be doubled, the profits would correspond, even more when we make money in the crypto market, therefore, with sufficient confidence in the skills, this option may still be considered

It always can be considered or an option to take if you are that confident to your skills towards trading.This is way more better than spending those loaned money into something which isnt worth
or doesnt generate income for you like gambling or just simply shopping out those funds or according to your likes and doing such thing is just like hammering your own head since
you do just simply making a problem when the repayment or due date comes.

We know the capability of trading on making tremendous profits if its done well and some sort of luck which paying up that loan will be somewhat easy.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: yupi84crypto on February 27, 2020, 11:19:01 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.

I have to say that your friend is really a wise person. He would enjoy smaller profits rather than taking big risk and that is what would never make him face excess loss. I went across a number of people who have similar thought of taking financial loan from banks and utilizing that amount in trading to make profits but have you ever thought what would happen if you face loss with that financial loan and now you do not even have money to pay the EMI of the loans?

This would keep on multiplying your actual loan amount and you would need to pay hefty charges for maintaining your credit line. You might even end up being bankrupt if you do not have proper management and that is the reason why I would prefer each and everyone to stay away from this kind of thinking.

Never be greedy. Your greed is making you ask this.

Gheka

hero member

Activity: 1400

Merit: 501

Vave.com - Crypto Casino

Quote from: sheenshane on March 03, 2020, 09:42:59 AM

Quote from: ArIMy11 on March 03, 2020, 09:21:02 AM

It is not safe. You're not 100% sure that you will earn in trading in order to pay your loan. Loans do have interest and you'll not gonna like seeing it growing because you have no money to pay for it. For now it is OK to use small capital. At least he can still afford to lose some small capital. As what you have said he manage to make profit, then make that small capital grow.

Tend to agree with this, borrowing money with someone else or even in the bank is a very risky part because you don't know if you will earn a profit or lose. Start with a big capital in trading is a good idea but when it comes borrowing on it just to have capital isn't a good idea anymore. Because trading for me is just like gambling, you didn't know it will give accurate profit. That's why I prefer capital that I can afford whether win or loss at least that's come from my own pocket.

The possible outcome or consequences is probably double jeopardy.

Your thinking is not wrong when loans from banks always force us to pay monthly profits, besides, trading has no concept of absolute success, so we will have a lot of pressure, from making a profit, avoiding loss and paying interest to the bank but we still need to remember that trading is not completely gambling when we have the knowledge, and no investment is 100% guaranteed. If the risk could be doubled, the profits would correspond, even more when we make money in the crypto market, therefore, with sufficient confidence in the skills, this option may still be considered

sheenshane

legendary

Activity: 2366

Merit: 1206

Quote from: ArIMy11 on March 03, 2020, 09:21:02 AM

It is not safe. You're not 100% sure that you will earn in trading in order to pay your loan. Loans do have interest and you'll not gonna like seeing it growing because you have no money to pay for it. For now it is OK to use small capital. At least he can still afford to lose some small capital. As what you have said he manage to make profit, then make that small capital grow.

Tend to agree with this, borrowing money with someone else or even in the bank is a very risky part because you don't know if you will earn a profit or lose. Start with a big capital in trading is a good idea but when it comes borrowing on it just to have capital isn't a good idea anymore. Because trading for me is just like gambling, you didn't know it will give accurate profit. That's why I prefer capital that I can afford whether win or loss at least that's come from my own pocket.

The possible outcome or consequences is probably double jeopardy.

ScamViruS

hero member

Activity: 1750

Merit: 720

Top Crypto Casino

Quote from: yupi84crypto on February 27, 2020, 11:19:01 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.

It is not fair to trade with a bank loan. Your friend's trading skills are good. Therefore, you should not trade with a bank loan. There are a lot of risks here. As he trades using his own funds, there is no pressure. When he trades with a bank loan, there will be a monthly installment pressure. And in that pressure, he can make the wrong decision. The result will be a huge loss.

Quidat

hero member

Activity: 2548

Merit: 533

"CoinPoker.com"

Quote from: Kelvinid on March 03, 2020, 09:11:15 AM

Quote from: yupi84crypto on February 27, 2020, 11:19:01 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.

And you can't underestimate the risk to be followed in acquiring such loans from the banks. Such a thing you can't avoid when you are in the trading field but if your friend has that kind ability, then why not have to try it. But I could suggest that not to borrow for that big amount, it is getting safe if we just started at a small amount.

As we know, crypto trading won't work that easily as many others think about it at first. If he was able to make good and profitable with a small amount, then it was time to increase his capital and make additional bank loans.

This would really need some serious consideration if you do plan to take a big loan from banks.Come to think that you should able to
repay those loans in a particular or exact due date to avoid penalty problems or else you would really make yourself submerge into
a deep debt.

I cant say it is safe but its also one of the way on extending out your chances on making more profits but this will all depend on
how effective your are or profitable into your trades but if you arent sure on your skill then better not consider this option.

ArIMy11

full member

Activity: 519

Merit: 101

It is not safe. You're not 100% sure that you will earn in trading in order to pay your loan. Loans do have interest and you'll not gonna like seeing it growing because you have no money to pay for it. For now it is OK to use small capital. At least he can still afford to lose some small capital. As what you have said he manage to make profit, then make that small capital grow.

Kelvinid

sr. member

Activity: 2800

Merit: 344

when lambo...

Quote from: yupi84crypto on February 27, 2020, 11:19:01 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.

And you can't underestimate the risk to be followed in acquiring such loans from the banks. Such a thing you can't avoid when you are in the trading field but if your friend has that kind ability, then why not have to try it. But I could suggest that not to borrow for that big amount, it is getting safe if we just started at a small amount.

As we know, crypto trading won't work that easily as many others think about it at first. If he was able to make good and profitable with a small amount, then it was time to increase his capital and make additional bank loans.

btcholder

full member

Activity: 686

Merit: 102

That's why your friend have good trade skill. There is no idea he/she is a professional trader. A good trader never being a greedy one. Literally everyone will say you that trade with that money which is not so much mean to you if you get loss. Cause crypto currency market run very fast and this marketplace is so sensitive that's why your friend didn't risk to much which is good idea in my opinion. Well everyone will be want to catch big fish but sometime stay low is a better option, specially in crypto currency market.

bitgolden

legendary

Activity: 2842

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

You’re just trying to misleads your friend man. How do you advise someone to borrow loans and trade with it? Why don’t you give money instead and forgive him when the trade goes wrong? For sure you would not do that but you are advising him to borrow loan. Borrowing money to trade is a very bad idea and you should know that.

Imagine that he lose that money in trade, I hope there will be a means for him to be able to make up and pay it back right? It would be best for him to continue with the $500 he is trading with and keep taking it a little until he grows big. It’s not good to be rushing these things, it’s best to do with what you can afford to avoid regrets.

Topic: If we have great ability, is capital from bank loans safe for us to use trade? - page 5. (Read 1258 times)