Taking loan to trade is a risky task - page 4.

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legendary

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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.

I wouldn't call that stupid, because we don't know what people are actually doing. however, I totally agree that it is very very risky.
we do not know whether we will get profit or not, because in the world of trading we will never know the result. however, I've heard words like "even if everyone thinks what you're doing is stupid, but if it works, then it's genius". quite a lot of people are successful when they make loans to invest, or trade. however, I think you need to know that it is a very dangerous thing, especially if you can't repay the loan when your business fails.

Desmong

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Quote from: Mamun74 on September 28, 2021, 01:18:38 PM

Trading is not an easy way to make always take good profit from trading. When you start trading then you need to proper and Higher skill about trading and also you need to patience and control your emotion.I think it is not smart your decision. Loan money is very risky,i Don't agree with your decision. I think the biggest problem is barrow money.Trading is not gambling site.

Getting a loan ttrade is not a bad idea but using the money improperly to execute trades without good analysis of the market can be dangerous. I know many persons that had gotten money from the bank to trade and still make good profits and later pay back without any problem. The problem in getting a loan and not paying back at the due time can have a great consequences if it takes longer than normal.

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Quote from: Cornia on October 03, 2021, 02:01:43 PM

Trading is a risky task. Taking a loan for trading increases this risk even more. This is an extra pressure on traders. Because you have to repay the loan. So I don’t like it. I think your extra money should be used in trading.

Using extra money will not be a problem, even if that money is not too big to trade. So that means, if we keep trying to search for the coin, we will get it someday, and we will make a big profit too. Taking a loan will have a risk and if we don't have another income that we can use to pay the loan, we will feel difficult to repay that money. It will be no problem if we need longer to profit because that is the process we need to enjoy in crypto trading.

TheEconomists

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There are some good traders out there (which I know some of them) who are very good in trading crypto currency and they started with money which they borrowed from friends and they are successful in their trading careers and paid the loans back with interest. Though, not everyone can do that because there are so many traders who cannot control their emotion while trading and that has had a negative effect on trading and that factor is most difficult things control while trading with your real or borrowed money.

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Quote from: Cornia on October 03, 2021, 02:01:43 PM

Trading is a risky task. Taking a loan for trading increases this risk even more. This is an extra pressure on traders. Because you have to repay the loan. So I don’t like it. I think your extra money should be used in trading.

The pressure remains and you have to do the best of the trades that you can. But no way to be assured that all of your trades will be at their best because you'll not know the results of it until you're already there. Aside from winning your trades, you'll have to think of the opposite effect too.
As you do it, the chance of losing is higher than you can ever think of. Because you lose the money and at the same time you have an obligation waiting for your payment with interest.

retreat

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Quote from: rahmathidayat93 on October 02, 2021, 12:41:18 PM

I can say this is a bad idea, even skilled traders if the capital solution for trading is based on borrowed capital, I think this is a bad idea. no market conditions can be said with certainty about the way forward. Crypto may present a risk of loss, and not everyone is ready to face the losses caused by market dynamics. So if trade from borrowed capital, this results in financial threats.

those who make some borrowing for trading are like committing suicide slowly, highly not recommended. but if you are ready to risk losing 2 times then it's not wrong to try it too, The point is as long as you don't lose the initial capital when trading, then your loan is still safe.

Cornia

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Trading is a risky task. Taking a loan for trading increases this risk even more. This is an extra pressure on traders. Because you have to repay the loan. So I don’t like it. I think your extra money should be used in trading.

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Quote from: Rockstarguy on September 22, 2021, 04:24:04 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 and even more so for trading cryptocurrency is really a very risky business. Even if you are confident in yourself and your information, there is still a percentage of the risk that suddenly everything can suddenly change in the other direction. The crypto market is not predictable, and if you want to save your nerves and possibly even your life, then borrowing or lending money for trading is not recommended. I have already seen in my practice people who took money from the bank and in the end could not return it, which put this person in a very difficult situation. Believe me, it's better not to get into such a situation. Trade cryptocurrency only for available money or for those that you do not mind losing.

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Although currently lending money to trade is something crazy, I have seen that there are many ways in which through the coins or tokens that are launched both in pre-sale and playing, something profitable is made, when compared to normal trading and the NFT game , I see that there is more probability of profit, and the easiest way that I have discovered is by entering the pre-salts, then selling the tokens or coins in the public sale. It is already the decision of the trader if he wants to continue trading waiting for the highest dip and repurchasing, other types of strategies already enter there.

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Quote from: iv4n on October 02, 2021, 01:33:54 PM

Every once in a while we have exactly the same topic "taking a loan to trade..."! And most people talk it's risky, and for sure it is, but taking a loan is risky by itself, before you take it you need to have a plan how to return it!
If someone is taking a loan without repaying plan, without backup options, the risk is very high... the wrong move and you are in a big problem! Taking a loan to do something more with a repaying plan and backup options minimize the risks of getting into big trouble!
Without risk here and there it's hard to do something more! Simply life puts you in some situations where you can take advantage you just need a bit more money, that risk can be minimized as I explained above, and making a risky move can pay off big time! In the end, it's not the problem in taking the risk, we just have two options to play it smart or stupid! And I believe we know the consequences of both!

Well for me taking a loan to trade is not just risky but problematic at the same time because in trading there's no 100% assurance that you can make the best profit out of it. First hand before you gonna end up on the thought of taking a loan to be able to start trading must considered first how could you return the money that you've loan if everything doesn't fall into place. For me it is always good to take risk your own money than taking the risk the money of others.

iv4n

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Every once in a while we have exactly the same topic "taking a loan to trade..."! And most people talk it's risky, and for sure it is, but taking a loan is risky by itself, before you take it you need to have a plan how to return it!
If someone is taking a loan without repaying plan, without backup options, the risk is very high... the wrong move and you are in a big problem! Taking a loan to do something more with a repaying plan and backup options minimize the risks of getting into big trouble!
Without risk here and there it's hard to do something more! Simply life puts you in some situations where you can take advantage you just need a bit more money, that risk can be minimized as I explained above, and making a risky move can pay off big time! In the end, it's not the problem in taking the risk, we just have two options to play it smart or stupid! And I believe we know the consequences of both!

rahmathidayat93

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I can say this is a bad idea, even skilled traders if the capital solution for trading is based on borrowed capital, I think this is a bad idea. no market conditions can be said with certainty about the way forward. Crypto may present a risk of loss, and not everyone is ready to face the losses caused by market dynamics. So if trade from borrowed capital, this results in financial threats.

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Quote from: ice18 on October 02, 2021, 05:43:34 AM

I think it depends on the condition of the market, In bullrun, I can personally take risk a $10k payable in 12 months for spot trading for less risk of liquidation and many people are doing this strategy, for you not to get homeless for unpaid loans just do spot trading, never go into leverage when your money is from loans.

the leverage system is indeed very risky, especially from capital that comes from loans. it can happen that our money will run out due to the use of inappropriate lots. indeed this really helps traders to make a profit even though the funds come from loans, maybe someone can explain the calculation of the loan repayment

ice18

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I think it depends on the condition of the market, In bullrun, I can personally take risk a $10k payable in 12 months for spot trading for less risk of liquidation and many people are doing this strategy, for you not to get homeless for unpaid loans just do spot trading, never go into leverage when your money is from loans.

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Quote from: lienfaye on September 29, 2021, 11:24:49 PM

Thats why using a borrowed money as capital for trading is not advisable. Actually not only in trading but also in other investment as well that has risk, because we're not certain if we can manage to grow it and repay the money.

Well it doesnt necessarily mean huge capital is needed for starter because any amount will do as long as you can improve your knowledge and skills as a trader.

Then if you're really serious to gain, start saving for your capital, this way even you lose atleast its your own money and you dont have to worry about interest.

Remember the bearish season after Dec 2017? Bitcoin remain down and out for almost 2 years. Even if you are investing for long term (where chances are rear of lose) you may end up struck up for very long time. No one want to be in such situation with borrowed money because you interest on your debt will continue to grow.
Golden rule is always play with your own money and don't do experiments with loan.

Anguwa

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I feel borrowed money in trading is very very risk, imagine a situation where a trader noticed deep in crypto market then went to borrow money from someone just to use the dip advantage and gain some profit, so if there is more deep defiantly he has to panic and end up withdrawing at lost and he or she need to get more loan to recover the previous one. It is advisable not to invest the amount you cannot be able to loose, so it's very risk to use borrowed money for trading.

olib123

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Depends upon the situation and time. Sometimes taking loan is successfully done and sometimes it's not and you loss in more with your money and loans too. Rich people's have no worry about taking loans if they loss they can afford but middle peoples have to think more before taking loan because it's to risky to lose.

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Quote from: zanezane on September 28, 2021, 11:21:53 PM

It's not just risky but it's also dumb especially if you're not even a company and you're not good with trading in the first place, unless you're really confident with your skills then go ahead and take a loan, another problem that you might encounter is that the loan might've a really huge interest rate which isn't ideal because you're going to drown in debt if you lose in trading and you're not going to earn a big profit if you win the trading.

Thats why using a borrowed money as capital for trading is not advisable. Actually not only in trading but also in other investment as well that has risk, because we're not certain if we can manage to grow it and repay the money.

Well it doesnt necessarily mean huge capital is needed for starter because any amount will do as long as you can improve your knowledge and skills as a trader.

Then if you're really serious to gain, start saving for your capital, this way even you lose atleast its your own money and you dont have to worry about interest.

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Quote from: Quidat on September 29, 2021, 07:16:34 PM

Quote from: jossiel on September 29, 2021, 05:08:14 PM

A lot are good traders but still, they can't be sure with the outcome of their trades that's borrowing despite being good, it's still not recommended.

You trust yourself and experience.

But it's not an advisable thing to do.

Yeah its not advisable but there are people who could really afford to take risk whether they are aware of it or had already make out preparations incase things turns out to be bad.
Even myself couldnt really that afford on taking up some loan just for me to have a capital on trading.I would instead wait up for having money and do my best to make it grow
instead.Trading is risk and results or outcomes wouldnt really be that always on positive or turns out to be profitable.

Yes, they are those people that have strong guts.

But not all of them are taking a successful attempt in making that loan grow. I avoid to take a loan for any investment that I see even if there's a potential.

Even it's just 1% of risk, there's still a chance that I might lose and that's a double loss if the money I've used is loaned.

Quidat

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Quote from: jossiel on September 29, 2021, 05:08:14 PM

Quote from: dunfida on September 28, 2021, 06:44:29 PM

Quote from: jossiel on September 28, 2021, 06:06:41 PM

Quote from: zaesvlas on September 28, 2021, 02:22:11 PM

It should be understood that trading is a risk in any case. I think a trader should be ready for this.

Everyone does.

But in this case it's different.

Borrowing for trading isn't an ideal thing because you're taking risk but not with your money. And that is why traders shouldn't do this because of the volatility even if they're that good enough.

Being good enough? then that might do but still not all the times you would really make profit no matter how good you are and it would be better to start off with you own money or capital to trade with rather than on getting some loan and start to trade it.If you could handle the risk then go ahead but if not or you have doubts then better not to do it if you dont like to put yourself in a problem.
Invest on what you can afford to lose.

A lot are good traders but still, they can't be sure with the outcome of their trades that's borrowing despite being good, it's still not recommended.

You trust yourself and experience.

But it's not an advisable thing to do.

Yeah its not advisable but there are people who could really afford to take risk whether they are aware of it or had already make out preparations incase things turns out to be bad.
Even myself couldnt really that afford on taking up some loan just for me to have a capital on trading.I would instead wait up for having money and do my best to make it grow
instead.Trading is risk and results or outcomes wouldnt really be that always on positive or turns out to be profitable.

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