The crypto market is difficult to predict, and it is not advisable to borrow money to trade. Trading is very risky. Not all transactions can be profitable. Borrowing money will lose more funds when you lose money.
Invest within the limits of your own funds, so that you have the ability to guarantee normal payment of funds even if you lose money in the transaction.
Topic: Taking loan to trade is a risky task - page 7. (Read 1035 times)
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.
I don't know what thinking do people new to trading consider taking a loan to start trades.
Since they are new, how can they able to understand the pressure of doing trades. They don't have the experience to deal with emotions and stress. How can they make profits if they didn't experience the worst yet? That was a risky move and instead of taking profits out from that loan, they are just adding the stress once they lose all the borrowed money.
Good luck to them and to those people who will attempt to do it.
not all traders make a profit and it is too risky to trade with borrowed money because we don't know whether to make a profit or a loss. I've heard a lot of incidents like that and it's very risky, they even sell all their assets such as houses to pay off their loans because they experience losses. if you are still a beginner then start with a small capital first, don't be in a hurry to get big results. hold our emotions in order that we are not to be affected by the ups and downs of the crypto market.
^ This is not making a profit for them, this is just gambling.You gamble your asset that hoping it will double or triple the value when you are successful in trading. But the fact is you have a lack of knowledge that you should not on trading, trading needs skills and knowledge, and if you don't have this much better if you will stay away from trading. That is why we keep giving them a warning or advice, always invest of what you can afford to lose because, in trading, there is no guarantee that you will make a profit. Everything is volatile.
Lending money to trade is too risky and should be avoided. No matter how much like to trade in the crypto space if don't have capital, shouldn't cut corners by borrowing. The market is not easy to predict, especially for beginners who do not have skills in trading, you should do things to get to know the market better by always looking at the market situation. In the future, if already have new personal capital do invested, this is quieter in trading and does not affect bigger emotions if the market dumps.
Borrowing money for trading is not only risky, it can also cause problems. Especially for beginners who do not have the knowledge and
experience of trading, if they trade using borrowed money, it is certain that they will be in debt. Because volatile markets are not easy
to predict, even for traders who have good analytical skills there is no guarantee that predictions are made accurately. Then borrow money
must pay installments, while there is no certainty of profit generated. So my advice if we don't have capital we shouldn't need to force trading,
it's better to collect capital first by working, not by borrowing money.
Taking some loan for you to make out some crypto investment isnt bad as long you do able to repay those interest in other sources which do basically means that you wont really be
relying on those crypto investment for you to repay then i could say that it is really just fine but if you do make it as a main source then this is where problem begins.
Lending money to trade is too risky and should be avoided. No matter how much like to trade in the crypto space if don't have capital, shouldn't cut corners by borrowing. The market is not easy to predict, especially for beginners who do not have skills in trading, you should do things to get to know the market better by always looking at the market situation. In the future, if already have new personal capital do invested, this is quieter in trading and does not affect bigger emotions if the market dumps.
Borrowing money for trading is not only risky, it can also cause problems. Especially for beginners who do not have the knowledge and
experience of trading, if they trade using borrowed money, it is certain that they will be in debt. Because volatile markets are not easy
to predict, even for traders who have good analytical skills there is no guarantee that predictions are made accurately. Then borrow money
must pay installments, while there is no certainty of profit generated. So my advice if we don't have capital we shouldn't need to force trading,
it's better to collect capital first by working, not by borrowing money.
A lot of persons like to think they all too professional to loose. They often tend to belive that, they are limited only by capitals else, they could have archived a lot and so you have them, taking loans to invest in trades, open trading firms with investment packages to seek funds and propose a regular returns on those funds. Sooner than later, you find them running into troubles as they aren't able meet their targets.
It's the way it is when, your handling people's money. It introduces a different kind of pressure or emotion to your trading. Either you've always profited before or not, your out to face a differen form of constraint in the market and in many instances, it might not be favourable. Trading on a loaned capital isn't any thing good to me!
It's the way it is when, your handling people's money. It introduces a different kind of pressure or emotion to your trading. Either you've always profited before or not, your out to face a differen form of constraint in the market and in many instances, it might not be favourable. Trading on a loaned capital isn't any thing good to me!
Borrowing money for trading is risky because the money you borrow can't necessarily be returned
the desire to win is very big when you borrow money to gamble as a result the opposite happens, you actually lose and may lose capital
it is not recommended to taking a loan to trade but if you are a professional in trading and have a good track record then it is a good move if you taking loan to trading
the desire to win is very big when you borrow money to gamble as a result the opposite happens, you actually lose and may lose capital
it is not recommended to taking a loan to trade but if you are a professional in trading and have a good track record then it is a good move if you taking loan to trading
Lending money to trade is too risky and should be avoided. No matter how much like to trade in the crypto space if don't have capital, shouldn't cut corners by borrowing. The market is not easy to predict, especially for beginners who do not have skills in trading, you should do things to get to know the market better by always looking at the market situation. In the future, if already have new personal capital do invested, this is quieter in trading and does not affect bigger emotions if the market dumps.
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Most of my friends had taken loans from my relatives for trading and they are trading since a year, But most of them are in profit even , and a little of them are in loss.
Taking of loan in other to trade is a greedy move and this could also lead to addiction soon or later. This is the reason why the FCA doesn't support leverage trading because the rules of making success in every investment setting are to only invest the amount you can afford to lose.It all depends upon the market, the person lucks sometime and the strategy the trader is following. All of these things in trading plays an important role and giving success to a trader.
Success in trading has nothing to do with luck but the experience and how well the trader does her homework. Check every successful trader testimony they will tell you they study the market very well before they hit the jackpot.
not all traders make a profit and it is too risky to trade with borrowed money because we don't know whether to make a profit or a loss. I've heard a lot of incidents like that and it's very risky, they even sell all their assets such as houses to pay off their loans because they experience losses. if you are still a beginner then start with a small capital first, don't be in a hurry to get big results. hold our emotions in order that we are not to be affected by the ups and downs of the crypto market.
I do not believe that this is good decision, neither it is advisable to do, since there is no assurance with the circumstances of events which means that a person’s capacity to pay back the loan is indefinite as well. I think that it would be better to just save money, then use whatever you have, or you can even start small first and test the waters. Loans are very risky, even with the enormous knowledge a trader has.
Most of my friends had taken loans from my relatives for trading and they are trading since a year, But most of them are in profit even , and a little of them are in loss. It all depends upon the market, the person lucks sometime and the strategy the trader is following. All of these things in trading plays an important role and giving success to a trader.
Not totally luck if it's trading, maybe those friends of yours are quite good enough and they are experienced traders. But even if they're mostly in profit, it's a huge risk that they've taken. Do you have a breakdown on how much your friends borrowed and how much they've gained from that loan that they've took from your relatives? It is easy to say in words that you've got friends who borrowed and won with their trades when in fact mostly are losing. Most of my friends had taken loans from my relatives for trading and they are trading since a year, But most of them are in profit even , and a little of them are in loss. It all depends upon the market, the person lucks sometime and the strategy the trader is following. All of these things in trading plays an important role and giving success to a trader.
Luck if we are talking about the on when they know crypto to enter on early price before the pump but if its about trading itself the I don't believe on luck. You have the full control of your profit and loss when trading because there's technical analysis to help you on when to take profit and cut loss the chance of having a profit in trading is very high with the proper application of technical and fundamental analysis of the token you are prospecting to trade.
Most of my friends had taken loans from my relatives for trading and they are trading since a year, But most of them are in profit even , and a little of them are in loss. It all depends upon the market, the person lucks sometime and the strategy the trader is following. All of these things in trading plays an important role and giving success to a trader.
If you treat trading as a business, I don't think it will be as risky "if you think about it" because you will understand how to manage your risks and losses and prevent you from further hardships and losing money. It's different on how you will see it, and then the result will be good. Either way, you can control what you are doing, and you should treat it for longer timeframes.
I know successful people, and they are risking a lot of money with their trading, and they are even borrowing money to widen further the profit area they have already. It depends on the person who will do it.
I know successful people, and they are risking a lot of money with their trading, and they are even borrowing money to widen further the profit area they have already. It depends on the person who will do it.
Beginners should know the market situation and knowledge of crypto and how to trade properly. They have no money to trade and borrow to trade, this is not a good idea. They have put trading as their main job, but their income here is uncertain and the risk of loss is higher. It's better if don't have enough money, so be patient, there will be opportunities in the future to trade and be able to earn by trading. Do not do things that bring harm in everyday life.
It can be done by people who are knowledgeable in trading, it will be a waste if they knew how to trade yet they don’t have any means to use it since they dont have budget to start. I knew some people who wrk in trading companies for investment who take loans to start trading for their own and now she is no longer employed and now using trading as his source of income. It will depend , if we know what were getting into then maybe it could be worth a try. Just make sure we really do what were doing. Quote
The joy in trading is when the money which is been used to trade is owned by the trader.
i think no and i believe there are traders that dont borrow money but they are still not happy when they loose . imo it doesnt matter if you borrow money of not but what important is your enjoying what your doing and can accept whatever the results . Quote
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.
you didnt totally know him but he know to himself that he can do it so why will you stop him and besides thats his loss if the trade didnt go well , dont pressure your self too much because the worst thing that can happen is someone will get angry at you with that attitude . 
Beginners should know the market situation and knowledge of crypto and how to trade properly. They have no money to trade and borrow to trade, this is not a good idea. They have put trading as their main job, but their income here is uncertain and the risk of loss is higher. It's better if don't have enough money, so be patient, there will be opportunities in the future to trade and be able to earn by trading. Do not do things that bring harm in everyday life.
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.
Its going to be a very bad idea to borrow money from some to trade or invest in crypto currencies. If you take loans, you will have to keep in mind that you have to pay back with interest. Those interests are going to kill your profits. And then there is a risk of losing everything. The crypto market is very volatile. One wrong move, you will be in financial debt forever. If one cannot afford to invest/trade, then he shouldn't. The rewards he will be getting isn't worth the risk he will be taking. Save money fist and then use those for trading. 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 not advisable for someone to borrow money. It is like borrowing money to gamble. If you're just going to put that at risk without any guaranteed return.
Please, don't do that and don't use others money for it.
Because there is no guarantee.
I don't think that person in bright mind will do such action because trading is the hardest way to earn in crypto so meaning having a loan just to risk is something like gambling your money.Please, don't do that and don't use others money for it.
Because there is no guarantee.
why not just do it in your own capacity to gain funds than loaning?
and if i am to lent? lol i will never let it ask me funds if this will only use to invest in crypto.
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