Taking loan to trade is a risky task

blatchcorn

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Quote from: osasshem on October 18, 2021, 07:00:54 PM

The worst action one can ever take is to borrow or take a loan for trading. It is not a good idea at all. Anything can happen in the market, where things can go wrong, truly we will have to be positive at heart, but let the truth be said. If the capital is gone, e everything comes back to point zero, and at that time the heart is troubled and when one can't payback, then the law will have to come in and take it's place. It is advisable that you invest what you can afford to lose, not what you can't afford to payback.
Except, you are very good with the market analysis, and have gotten lots of experience over the years, and even at that good traders still makes losses too. So one has to take reasonable risks.

Banks never care for your profit nor for your loss, they only care about there money with interest and if you fail to pay them back then they take whatever you have pledged.
Not everyone is good in handling wildfire of crypto trading, even expert traders fail at times. Most importantly crypto has bear seasons also that may last for months or years. How can you return loan if your investment get struck? These are some question one need to ask himself before taking such step.

Xampeuu

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Trading is risky all the time. Because you can get profit through trading and you can also lose money. And if that money of trading is borrowed, then it is more risky. Because even if you have a loss in trading, you still have to repay your loan. Then it will become much difficult for you. So trading should always be done with extra money so that even if you lose your real life will not have any effect.

for those who do not understand trading, because they are only tempted by profits, borrowing capital for trading is very risky, but it is different for people who already understand trading, of course borrowing this money is the same as we need capital from banks for our business. and I think that's understandable

bamb

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Loan that is aquired for a specific investment in Cryptocurrency, for example defi, can not be said to be dangerous. Borrowing in to stable coin which is used to farm other coin or staked for interest without exposure into losing the value of such borrowing is calculated borrowing that should give profit! Borrowing on speculations however can dig a hole in your pocket!

imran101

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Borrowing trading carries a lot of risks. Here you are more likely to lose instead of gain. I will tell you not to borrow and trade. Most of the time, since there is a possibility of launch, it is better not to trade by borrowing.

osasshem

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The worst action one can ever take is to borrow or take a loan for trading. It is not a good idea at all. Anything can happen in the market, where things can go wrong, truly we will have to be positive at heart, but let the truth be said. If the capital is gone, e everything comes back to point zero, and at that time the heart is troubled and when one can't payback, then the law will have to come in and take it's place. It is advisable that you invest what you can afford to lose, not what you can't afford to payback.
Except, you are very good with the market analysis, and have gotten lots of experience over the years, and even at that good traders still makes losses too. So one has to take reasonable risks.

IamWealth

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To avoid putting yourself under pressure, avoid taking a loan to trade. Except you are a badass trader or you got privileged info on the profit from an insider, don’t trade. The risk that people usually talk about isn’t far fetched. They are people’s experiences.

Nutrient

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Either that person is unquestionably good at trading or has a concrete reason to be sure of the profit. If one isn’t any of these two, avoid taking a loan. You cannot be 100% sure of the outcome of a trade if you don’t fall under the above mentioned category. Taking a loan to trade isn’t just risky but it puts the trader under pressure which is even bad for trading!

Furious 7

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Quote from: finaleshot2016 on October 18, 2021, 08:58:44 AM

I'm telling you, taking a loan and then investing with it is a HUGE MISTAKE!

I don't like how it works, and it's evident that the danger is really high, because what if the coin in which you invested goes downhill and it takes a long time to recover? How will you pay them? As a result, we do not recommend taking out a loan merely to invest in a risky coin.

That's nothing to suggest that all investments in crypto must be cold money and there should be no loans just because you want a quick profit I say it's a big risk.

One of them is to use the money you have, meaning that it is free from your living expenses if you insist on borrowing and it will be very difficult to return it, unless you have full confidence that the capital can be returned.

finaleshot2016

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I'm telling you, taking a loan and then investing with it is a HUGE MISTAKE!

I don't like how it works, and it's evident that the danger is really high, because what if the coin in which you invested goes downhill and it takes a long time to recover? How will you pay them? As a result, we do not recommend taking out a loan merely to invest in a risky coin.

Desmong

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Quote from: Jawadu on October 08, 2021, 10:05:19 PM

I agree with you! It's not right to borrow money for trading because trading is very risky though it has a profit too when it will be done correctly and at the right time. It's better to start slowly even with $50 then grow it day by day with a small profit rather than wanting to start with a lot but from a loan!

Trading is very risky? So tell me, what does not take risk in this life? Everything is risky whether working or not. If you feel like taking a loan and you trust yourself of paying back at the due time, then that's fine. Take the loan and pay back but if taking the loan and paying back is not certain, then trying to ignore the urge cause it can learn the trader in trouble.

doremonchina

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The main time it's a good idea to get cash for a speculation referred to in monetary dialect as contribute a credit is the point at which the profit from venture of the advance is high and the danger level of the venture is low.
It is imprudent for a financial backer to put a credit in a dangerous vehicle like the securities exchange or subsidiaries
Likewise if a financial backer applies for a line of credit it doesn't make sense to put the cash in a speculation that will develop after the advance is expected It is likewise significant that the financial backer ensures that the profit from speculation is more noteworthy than the expense of the advance.

Fivestar4everMVP

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Quote from: Rockstarguy on September 22, 2021, 03:24:04 PM

The joy in trading is when the money which is been used to trade is owned by the trader. Normally trading is something that is unpredictable, one can't really know or see the outcome if it will be a big loss, small loss or big win, small win. When money that is been used for trading is owned by the trader if there should be loss he may not too feel about the loss, unlike when the money which was been used for trading is borrowed, in a case whereby the person do not have good source of income.

I know someone who started how to trade about four months ago. He is a beginner in trading, I don't really know how good he is, but to him he may feel he can always make earnings. I think he was so confident in himself, he had to borrow money for trading which he could not make good profit. As a beginner borrowing money to trade is not the best. It is not even advisable to use all the money one has to trade or invest talk much of to borrow to trade.

Borrowing money to trade or invest in crypto is highly discouraged in this environment, I personally have had good opportunities to borrow money to invest in crypto but after weighing the both sides, that's profit and loss, what I stand to gain and loss, I refused to take the loan.

Just like some guys already said here, borrowing money to put into crypto investment or trading already takes away your peace of mind, it will cause one to live in constant fear and anxiety of what if anything goes wrong for whatever reason beyond your control?

The truth is that it is better to trade or invest with your money than borrow to do this, cus the restlessness and health challenges one would pass through before the gain even arrives is capable of shortening ones life span, so I highly discourage borrowing to trade or invest.

Ianlanim

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You need to work and take risks only with those means that are available, and with which you can easily part.

jossiel

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Quote from: shawonngp on October 17, 2021, 03:22:26 PM

I think it is better not to trade on loan. What kind of gambling it feels. You do some bounty or airdrop and then trade. It is better not to take so much risk.
Because there is no guarantee that you will be able to make a profit in trading.

It's a gamble because you're unsure whether you'll succeed or not.

Quote from: shawonngp on October 17, 2021, 03:22:26 PM

So there is no need to trade with so much risk. First you earn for free.

You don't earn for free, you have to make some way on the way for your earnings. And the profit that you'll get from there, it's going to be your starting point.

Oilacris

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Quote from: shawonngp on October 17, 2021, 03:22:26 PM

I think it is better not to trade on loan. What kind of gambling it feels. You do some bounty or airdrop and then trade. It is better not to take so much risk.
Because there is no guarantee that you will be able to make a profit in trading. So there is no need to trade with so much risk. First you earn for free.

There's no guarantee that you would make some profits thats why its really hard to make use of loaned money which you cant really be sure if you could repay those on time know that there would be due dates on paying

those loan and if there are no other sources of income for you to pay those loan then you would really be in big trouble when the time comes but if you do have other sources then it isnt really bad to take some
loan but of course you should be responsible on your own actions.

It would be always better this way if you dont really consider on taking a loan on using up into investment purposes.It would better to save up than considering this option.

shawonngp

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I think it is better not to trade on loan. What kind of gambling it feels. You do some bounty or airdrop and then trade. It is better not to take so much risk.
Because there is no guarantee that you will be able to make a profit in trading. So there is no need to trade with so much risk. First you earn for free.

EdenHazard

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Quote from: palle11 on October 09, 2021, 12:43:23 PM

Quote from: AhmadM on October 04, 2021, 04:23:32 PM

Quote from: Rehan Zakir on October 04, 2021, 12:12:08 PM

It is very risky. if we take a loan in spot trading and we go in huge loss then how we return this loan. In this situation it is very difficult for returning loan to the company. If you are a professional trader then you can take this risk to get loan for trading.

The thing which makes it sounds greater is sometimes there several individuals who thought they are pro trader already just after making some profits in short terms, then encouraging themselves to bear the risk take a loan for trading in order to gain more profits.

Sometimes trading order don't get filled for days for you to take profit out and you get hooked up in a particular trade maybe in losses while you have a loan to services, this is a funny situation really. The best way to trade is not to trade with a loan money because it kills your patient to the market and you will always be in a haste and you make a rush and mistake. No Pro in trade that doesn't record losses and that is a fact to know.

Yupp , patience that what makes the difference between the pro and the robinhoods.

taking loan for trading might could get you a really nice profit at first but its just temporary , ive been in that kind situation ... no matter how skillful you are, when it comes to doing trade underpressure , things wont go really well i can assure that.

sovie

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Quote from: Rockstarguy on September 22, 2021, 03:24:04 PM

The joy in trading is when the money which is been used to trade is owned by the trader. Normally trading is something that is unpredictable, one can't really know or see the outcome if it will be a big loss, small loss or big win, small win. When money that is been used for trading is owned by the trader if there should be loss he may not too feel about the loss, unlike when the money which was been used for trading is borrowed, in a case whereby the person do not have good source of income.

I know someone who started how to trade about four months ago. He is a beginner in trading, I don't really know how good he is, but to him he may feel he can always make earnings. I think he was so confident in himself, he had to borrow money for trading which he could not make good profit. As a beginner borrowing money to trade is not the best. It is not even advisable to use all the money one has to trade or invest talk much of to borrow to trade.

In my opinion, the only acceptable situation is when a person wants to give you money to invest. However, then this person needs to know what you will be investing in and the risks associated with it. Only then I think it is permissible to deal with someone else's money. Borrowing money from someone to trade is stupidity and extreme irresponsibility. In particular, on such a high risk market as cryptocurrencies.

livingfree

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Quote from: shawonngp on October 16, 2021, 02:54:30 PM

I think it is better not to trade on loan. What kind of gambling it feels. You do some bounty or airdrop and then trade. It is better not to take so much risk.
Because there is no guarantee that you will be able to make a profit in trading. So there is no need to trade with so much risk. First you earn for free.

You've said it right.

Do not loan for trading.

As much as it's not good to loan for investing in bitcoin because of its risk then loaning to trade is riskier than the first that I've said.

shawonngp

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I think it is better not to trade on loan. What kind of gambling it feels. You do some bounty or airdrop and then trade. It is better not to take so much risk.
Because there is no guarantee that you will be able to make a profit in trading. So there is no need to trade with so much risk. First you earn for free.

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