Topic: Taking loan to trade is a risky task - page 3. (Read 1008 times)
Absolutely borrowing money for investment is nothing but your own loss there is no guarantee that you will benefit from this market all the time you invest with your own money even if the market goes down, there will be no reason to worry because after waiting for some time it will start rising again. If you do not repay the loan on time the amount will increase workplace spending needs to be monitored once the money is provided, it can be spent.
Loan in trading is just like a risk because trading itself is also a risk but whenever you are taking some loan for trading then it will be more than that, but you can take a small amount of loan from someone that you know that if you lose that in trading it didn't effect you that much but can give you a profit at least. So, in this case I prefer it.
Trading is risky.So loaning does and more.
You don't trade because there's someone that will loan you money that you can trade for. It's not just right and you're even putting yourself in a riskier situation if you lose that loaned money.
Of course it is not really advisable to borrow money for you to have investment since it is not guaranteed that you will having a profit if you invest on yourself. Same as the margin trading before borrowing money in margin trading you should also consider that you will lose your money and still need to return the borrowed money you borrow from the lender so don't take a double risk just to trader or invest.
Invest only when you have the money and if you can afford to lose that investment.
Invest only when you have the money and if you can afford to lose that investment.
A close friend of mine took out a loan to trade cryptocurrencies and of course brought the entire deposit closer to zero.It was more than a year ago, he still pays off the loan, and his cryptocurrency has not grown so far...this is a very risky activity.
Loan in trading is just like a risk because trading itself is also a risk but whenever you are taking some loan for trading then it will be more than that, but you can take a small amount of loan from someone that you know that if you lose that in trading it didn't effect you that much but can give you a profit at least. So, in this case I prefer it.
Trading is risky.So loaning does and more.
You don't trade because there's someone that will loan you money that you can trade for. It's not just right and you're even putting yourself in a riskier situation if you lose that loaned money.
Not just risky though, it's also stupid because you're not winning when you take a loan, you don't get that big of a profit and at the same time you're going to pay back much bigger debt since most loans have huge interests in them.
Depends on where you live. In USA, UK, Germany the loan rates are quite low, USA depends on your credit rating of course, in some nations everyone gets the same loan rate whereas in some nations it depends on your credit rating, a great business person that took millions of dollars worth of loan and repaid it back in full every time would get a lot better rate versus someone that is taking their first ever loan.However, we should be focusing on the fact that those nations have very low rate for interest, and getting bitcoin with it could be beneficial, not guaranteed method of making money and that is why you should not risk your income, but it is definitely not as risky as doing it in Mexico or Greece.
Taking up some loan for the sake of trading is really a serious and risky task or thing to take.This isnt something that you could just ignore the probabilities on losing those loaned money in trading which means
it would be double trouble for you to need to pay the loan at the same time you had lost up money all of those capital but if you do know on what you are doing then go ahead.
Some people will say is not really bad if you borrow money to buy bitcoin in particular but not altcoins, but I don't still believe that I won't advise anybody to borrow money to invest in both bitcoin and altcoins.
If you are taking a loan their will always be a payback time and most loan their is always a interest, let me talk about people that always support taking loan to invest in bitcoin, what if after taking a loan and buying bitcoin and its start dumping and the pay time reach but bitcoin price is still below the amount you bought it what are you going to do and how are you going to pay back, so I believe taking loan should be the last thing you should do when it comes to cryptocurrency.
If you are taking a loan their will always be a payback time and most loan their is always a interest, let me talk about people that always support taking loan to invest in bitcoin, what if after taking a loan and buying bitcoin and its start dumping and the pay time reach but bitcoin price is still below the amount you bought it what are you going to do and how are you going to pay back, so I believe taking loan should be the last thing you should do when it comes to cryptocurrency.
Some people will say is not really bad if you borrow money to buy bitcoin in particular but not altcoins, but I don't still believe that I won't advise anybody to borrow money to invest in both bitcoin and altcoins.
If you are taking a loan their will always be a payback time and most loan their is always a interest, let me talk about people that always support taking loan to invest in bitcoin, what if after taking a loan and buying bitcoin and its start dumping and the pay time reach but bitcoin price is still below the amount you bought it what are you going to do and how are you going to pay back, so I believe taking loan should be the last thing you should do when it comes to cryptocurrency.
If you are taking a loan their will always be a payback time and most loan their is always a interest, let me talk about people that always support taking loan to invest in bitcoin, what if after taking a loan and buying bitcoin and its start dumping and the pay time reach but bitcoin price is still below the amount you bought it what are you going to do and how are you going to pay back, so I believe taking loan should be the last thing you should do when it comes to cryptocurrency.
Not just risky though, it's also stupid because you're not winning when you take a loan, you don't get that big of a profit and at the same time you're going to pay back much bigger debt since most loans have huge interests in them.
Depends on where you live. In USA, UK, Germany the loan rates are quite low, USA depends on your credit rating of course, in some nations everyone gets the same loan rate whereas in some nations it depends on your credit rating, a great business person that took millions of dollars worth of loan and repaid it back in full every time would get a lot better rate versus someone that is taking their first ever loan.However, we should be focusing on the fact that those nations have very low rate for interest, and getting bitcoin with it could be beneficial, not guaranteed method of making money and that is why you should not risk your income, but it is definitely not as risky as doing it in Mexico or Greece.
Loan in trading is just like a risk because trading itself is also a risk but whenever you are taking some loan for trading then it will be more than that, but you can take a small amount of loan from someone that you know that if you lose that in trading it didn't effect you that much but can give you a profit at least. So, in this case I prefer it.
yes its is high risk involved in crypto trading and the loan system there is no gaurantee that you make profits its is based on luck and market position because some time you think that market going well but the same time market is dump at just few minutes and you loss your money as will your loan where you take him
If a beginner in crypto trading, follow as advised:
-Don't use money you cannot lose
-Don't borrow money
-learn about trading and trading strategies
-learn about trading tools and indicators
- build a plan using a strategy
-Stick to the plan
-backtest
-backtest
-backtest several strategies
-Build a plan
-stick to the plan
-backtest
-Stick to the plan
-backtest
++Do the same steps all over again before starting to trade with real money
Bear in mind, you should only borrow money if you are sure that you will be able to repay the debt in a short term \ fixed term. And I'm not even speaking about trading.
Given that trading is an extremely risky business it is not advisable for someone with no trading experience to borrow money for trading. It will be like throwing money into a bottomless pit. If you are not an experienced trader, trading will be like playing the lottery. My advice for anyone who is beginning its trading journey is to learn as much as possible and backtest in a simulated environment every strategy until you consistently get profits. After that, one may start with a small amount while trying to apply all the profitable strategies in real trading.
-Don't use money you cannot lose
-Don't borrow money
-learn about trading and trading strategies
-learn about trading tools and indicators
- build a plan using a strategy
-Stick to the plan
-backtest
-backtest
-backtest several strategies
-Build a plan
-stick to the plan
-backtest
-Stick to the plan
-backtest
++Do the same steps all over again before starting to trade with real money
Bear in mind, you should only borrow money if you are sure that you will be able to repay the debt in a short term \ fixed term. And I'm not even speaking about trading.
Given that trading is an extremely risky business it is not advisable for someone with no trading experience to borrow money for trading. It will be like throwing money into a bottomless pit. If you are not an experienced trader, trading will be like playing the lottery. My advice for anyone who is beginning its trading journey is to learn as much as possible and backtest in a simulated environment every strategy until you consistently get profits. After that, one may start with a small amount while trying to apply all the profitable strategies in real trading.
I don't like trading with loans. I never did it. Because in the crypto world the trade thing is very risky. It is not advisable to trade on loan. Because it has more high risks. I think you should trade with as much money as you can afford & don't use all your money.
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.
This reminds me of a friend of mine that borrowed money from me to trade last year. He so much believes in his capabilities of trading. Forgetting that someday you'll lose and win some(can't be perfect in all). It happens that day he borrowed money from me, he traded wrongly and he loss drastically. Up till this very moment, he's unable to pay me back all because his hopes was shattered. 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.
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.Dont ever consider on taking up some loan just for you to believe that there's an easy way for you to make profits because thats not how the reality works.
Trade on the amount or capital that you didnt borrow because risking something like loaned money is something that you shouldnt do in the first place.
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.
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.
In future trading, we are also taking loan in leverage system from our investment. But in this system we vanish our whole account balance if our trade goes wrong to market trend.
In future trading, we are also taking loan in leverage system from our investment. But in this system we vanish our whole account balance if our trade goes wrong to market trend.
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.
For me there is no good in borrowing money. As you have said "he may feel he can always make earnings", instead of lending him some money I'll push him to put his money instead. He may used a small amount of money but since he is confident maybe because he is knowlewgable enough so he can make the most out of his small investment. I know it is not 100% possible but it is avoiding him taking loan which I think is a good thing. Wherever side we take a look it is risky because I knew someone who have earned a lot in trading has a history of also losing in it. If someone really has no money to used, then stop. Trading is always there. Comeback if we already have money we can afford to lose. 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.
Taking a loan to trade is really, really risky unless you have steady high profit and can pay that loan with it's interest even if you lose the whole capital. Why is it risky? Because the loan puts an additional pressure on you when you know that you have to pay some % every months. The factor that you want to at least keep the same capital or normally increase it, puts even more pressure on trader.
The number one rule in trading is: Don't hurry! Keep Patience! Did you miss one moment? Forget, use another one. Just use only good moments and that's all. Small profit is better than loss!
The number one rule in trading is: Don't hurry! Keep Patience! Did you miss one moment? Forget, use another one. Just use only good moments and that's all. Small profit is better than loss!
There are a lot of people who want to take some risk like they are borrowing some money and take their risk and a chance to win with their trading skills somehow it works and sometimes it didn't, we always say that trade what you afford to lose. It looks like a gamble to lose your money still its depends on your skills to handle each market volatility.
Jump to: