If we have great ability, is capital from bank loans safe for us to use trade? - page 7.

Ucy

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Quote from: yupi84crypto on February 27, 2020, 10:19:01 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 did the right thing. Better not to trade in fear.
If he is very confident in his skills, he will likely give the loan thing a try (still not a good idea to trade with borrowed money). But it seems he isn't too sure of himself... so, don't press him further.
However, if your friend could risk using collateral for the loan, that will probably be better.

CryptopreneurBrainboss

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Quote from: yupi84crypto on February 27, 2020, 10:19:01 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.

Although I haven't invested such amount into trading at ones but still didn't see anything wrong with taking that bold step in bettering your life. When trading, capital has an important role to play. If you're good in trading then capitalizing on is very vital, getting a loan is putting yourself under pressure so if your friend is the type that can do well under pressure without panicking then he should go head.

The common saying, don't invest more than you can lose is important but in life those who're willing to risk it more are usually those who profit more just as they lose more incase their decision doesn't favor them.

KrisAlex18

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Yes, because if we have a great ability in trading, for sure, we will earn from it. There are no bad things about trading because it keeps the significant circulation of different currencies around the world. It is easy to be a good trader. You will just be going to do some research. You should have full knowledge of cryptocurrencies, so you will be able to know and observe the volatility of different currencies. The higher the amount of you will going to trade, then for sure, the higher the profit you will have if you have successful trading currencies. This is really similar in investing, you will not be sure if you will win it, but I am sure that if you have an ability in this aspect, then you might earn so much money.

Quote from: samcrypto on February 27, 2020, 10:42:23 PM

This is a risky move but it can be more profitable since your friend already have a good skills in trading. Its ok to have a small capital as long us its not came from any debt, and you cannot force your friend to borrow money because he knows what he is doing. If I do have a great skills in trading, I will use my savings as my capital and no need for me to borrow money and pay the interest.

Well said, investing and trading are both risk-taking because you are not sure you will earn from this, you may win, and you may lose. So the higher the amount then, the higher the risk, so having excellent skills on it will be a significant advantage for you; keep having that ability so you will continue earning so much currency.

Kemarit

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There is a big risk involved, and besides, even though your friend is good at trading, we really don't know what's going to happen in the future, so it still 50/50, depending on your risk appetite.

I know someone who borrowed money from a bank to buy Bitcoin in December 2018, when the price is around $3000. Right now we can say that it was a bold move, he just hold on it and I think did sold some around June 2019 when the price hit $13000 and repaid the loan. Well that is one success story, but what if the market goes down up to this point?

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Even if you have good skills in trading, it is not recommended to borrow money from the bank because we don't know if we can always make a profit from trading. Your friend has skills, and he can manage the risk by using under $500 to trade, I think he knows what he did, and he always tries to control himself in trading. He has a good responsibility for his money, so he doesn't have to risk more money than he can afford.

Quote from: yupi84crypto on February 27, 2020, 10:19:01 PM

in my opinion safe as long as we can make a profit and smoothly repay loan installments to the bank.

We never know what will happen in the future, and I think it is better we know who ourselves so we can have control for ourselves, which will help us to be wise in making a decision.

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Quote from: yupi84crypto on February 27, 2020, 10:19:01 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 is right it is risky and if I was on his/her position I would also do the same thing.
Your friend is already making money from his/her skill and we don't need to be greedy it is safer to use what you could afford to lose rather than taking a loan to risk.

samcrypto

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This is a risky move but it can be more profitable since your friend already have a good skills in trading. Its ok to have a small capital as long us its not came from any debt, and you cannot force your friend to borrow money because he knows what he is doing. If I do have a great skills in trading, I will use my savings as my capital and no need for me to borrow money and pay the interest.

yupi84crypto

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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.

Topic: If we have great ability, is capital from bank loans safe for us to use trade? - page 7. (Read 1306 times)