Instead of someone borrowing money to trade, it's better to start with the capital he has and the money is not used for anything. It will be safer for him, especially if he is still a beginner who wants to try trading. Surely that would make it difficult for him to make a profit.
No one will know when you will be able to profit. Even when the market is good, you can find it difficult to make profits because of greed to take more profits. So it is highly not recommended to borrow money to start trading but if he is really confident in his ability to earn profit, he can try it for a week.
I suggest not taking risks that you may not be able to afford. But if you are able and confident, just try it.
There’s no reason to borrow if you have a sufficient amount of money in your account that you can manage to lose in trading. However, for some beginners who wish to trade but no capital to start on, then borrowing money is their option. I would say it’s not bad after all as long as you have your job to back up you, to pay for the loan once your trading sucks. But always start with small capital as beginners have more losses to gain than profits to make. On one hand, compounding might be a good idea too for only for those who have high patience to wait for that long even if the expected profits are just too small. It’s just a matter or being patient actually.No one will know when you will be able to profit. Even when the market is good, you can find it difficult to make profits because of greed to take more profits. So it is highly not recommended to borrow money to start trading but if he is really confident in his ability to earn profit, he can try it for a week.
I suggest not taking risks that you may not be able to afford. But if you are able and confident, just try it.
Learning trading requires patience as it is hard to master. If they can be able to pass this stage then they can also be patient enough to wait for their funds to come. Most of us have a job but we already allocated our salary on different expenses. There are house bills i.e electricity, water and then there are grocery expenses and so on. Loaning money will only give you a headache.
It is really just depending on a certain individual since not all are really that irresponsible for those who do take loans.It is really just that they are really risking something on getting something.
It is really just that they are really that prepared on whatever the circumstances that they might be facing on if ever their decision was wrong. There are people who are really
that sensible in towards their decisions but there are ones who are really that careless and this is something that we should really be careful or mindful on whatever actions or insights we do have.
