Topic: Traders Don't easily lend out money. - page 2. (Read 781 times)
This depends on the personality of each trader, not always the profit generated is used as capital for further trading. If a trader already has a lot of advantages in every trade, and is willing to help his friend who is in trouble and feels sorry for his friend's financial problems, this is not a problem for me. We as traders who are already earning must have a social sense to help each other, in life we cannot predict that in the future we will also need the friends we are currently helping.
Sometimes that is true if in this condition where other people only consider that you have much money and you seem to be rich. And they may not think about how do you work and how you hold the money.
But if you know that the person is really reliable and deserves the loan, just give it, moreover for our family or close friends but ensure that we really know the exact reasons and we know their condition at that time, the urgency and emergency sometimes are very dependable.
But if the people are going to borrow your money because only seeing that you have much money and they will use the money, not for something that is important and urgent, I personally will avoid this softly.
People like that are more on taking advantage and are more likely not to pay you back. And if you'll refuse from lending them money, then they will start hating you when in fact, we don't owe them any amount because its our own hard earned money.But if you know that the person is really reliable and deserves the loan, just give it, moreover for our family or close friends but ensure that we really know the exact reasons and we know their condition at that time, the urgency and emergency sometimes are very dependable.
But if the people are going to borrow your money because only seeing that you have much money and they will use the money, not for something that is important and urgent, I personally will avoid this softly.
However, there are those people who are really sincere from their intentions so you don't have to worry because they will definitely pay you back. For me, as long as i have idle money, i'm willing to lend out money but if those funds are just intended for my trading purposes, then i won't probably touch that amount.
Sometimes that is true if in this condition where other people only consider that you have much money and you seem to be rich. And they may not think about how do you work and how you hold the money.
But if you know that the person is really reliable and deserves the loan, just give it, moreover for our family or close friends but ensure that we really know the exact reasons and we know their condition at that time, the urgency and emergency sometimes are very dependable.
But if the people are going to borrow your money because only seeing that you have much money and they will use the money, not for something that is important and urgent, I personally will avoid this softly.
But if you know that the person is really reliable and deserves the loan, just give it, moreover for our family or close friends but ensure that we really know the exact reasons and we know their condition at that time, the urgency and emergency sometimes are very dependable.
But if the people are going to borrow your money because only seeing that you have much money and they will use the money, not for something that is important and urgent, I personally will avoid this softly.
a trader doesn't even know whether to make a profit or fail so lending money especially trading capital to other people is wrong. assets for trading should be specific to trading only and not disturbed for other purposes. as it is said that the capital for trading is always rotating and active so if it experiences a stop then it will result in failure.
It always depends on;
- whom are you give out the lend
- what situation does the other person engaged that will gonna convince you to lend it out;
Yes, it depends on the circumstance for sure but often people don't like lending money to people and not to mention people who are not trusted to be paying it back. - whom are you give out the lend
- what situation does the other person engaged that will gonna convince you to lend it out;
Even family members can sometimes make it difficult for you because once you start trading and you think like trader you'd want your capital to work for you. I often find people lend out even to family with an interest rate. It is also a personal choice, right?
As a trader, i do understand that every money counts. Because even in a small amount, you can already use it to trade. But if someone will ask you to borrow money, as long as he is capable to pay it, i guess there's no problem with that, unless he is also taking an advantage from you because he knows you are already into huge profits from trading, that will definitely create a big problem.
Work for your own money, nobody owes you anything.
Yes we dont owe them what we achieve. But I think if you know to yourself that you're somehow capable to lend, especially if this particular person is close to you (a family member) then if its me I dont see any problem with that.Though its really satisfying to earn money through our own capital and hardwork. Because it doesnt necessarily mean that we need huge capital as a beginner, any amount will do, what matter is what you learn through that experience. Money is not hard to earn if you are hardworker and striving to get it.
You make sure the person to who you lend money to is a person who will is also capable of paying. Otherwise, you'd lose a friend and money in the end. Relationships can go wrong in a very unexpected way and it's always about trust that makes it sour. When money is part of this relationship, you may have to consider it a business relationship. No more than that.
Yeah! Though losing a friend is really kinda harsh for me, I think losing a trust is worse because if you lose a friend because of the money that you lend then I don't think I shouldn't call him/her a friend, I don't have a friend like that so mostly if my true friend will not pay me then I think the trust will be gone to him because he can't keep his promise but we are still friends but not the same as before, he should gain my trust again
It always depends on;
- whom are you give out the lend
- what situation does the other person engaged that will gonna convince you to lend it out;
Yes, it depends on the circumstance for sure but often people don't like lending money to people and not to mention people who are not trusted to be paying it back. - whom are you give out the lend
- what situation does the other person engaged that will gonna convince you to lend it out;
Even family members can sometimes make it difficult for you because once you start trading and you think like trader you'd want your capital to work for you. I often find people lend out even to family with an interest rate. It is also a personal choice, right?
Work for your own money, nobody owes you anything.
Yes we dont owe them what we achieve. But I think if you know to yourself that you're somehow capable to lend, especially if this particular person is close to you (a family member) then if its me I dont see any problem with that.Though its really satisfying to earn money through our own capital and hardwork. Because it doesnt necessarily mean that we need huge capital as a beginner, any amount will do, what matter is what you learn through that experience. Money is not hard to earn if you are hardworker and striving to get it.
You make sure the person to who you lend money to is a person who will is also capable of paying. Otherwise, you'd lose a friend and money in the end. Relationships can go wrong in a very unexpected way and it's always about trust that makes it sour. When money is part of this relationship, you may have to consider it a business relationship. No more than that.
Work for your own money, nobody owes you anything.
Yes we dont owe them what we achieve. But I think if you know to yourself that you're somehow capable to lend, especially if this particular person is close to you (a family member) then if its me I dont see any problem with that.Though its really satisfying to earn money through our own capital and hardwork. Because it doesnt necessarily mean that we need huge capital as a beginner, any amount will do, what matter is what you learn through that experience. Money is not hard to earn if you are hardworker and striving to get it.
It's true that traders' money is prone to being used in a sudden due to unstable market conditions making it difficult to lend, but in my opinion in some cases there needs to be an exception especially if the borrower is his own family or close relatives. It may be necessary to make an allowance for principal that is not used as trading capital so that there is idle money just in case during an emergency.
I agree about the situation.If that's all about his family and needs, then that money would be borrowed for sure if a trader is too close to his family. But there can also be those traders that still won't allow.
Once you're a trader, it does not mean that all your funds are only circulated for trading. Some may have invested in other aspects too, or even reserve a big amount for savings too. As long as you have extra money that is only intended for future use, then lending out money would never be a problem provided that you also know your borrower well.
It's true that traders' money is prone to being used in a sudden due to unstable market conditions making it difficult to lend, but in my opinion in some cases there needs to be an exception especially if the borrower is his own family or close relatives. It may be necessary to make an allowance for principal that is not used as trading capital so that there is idle money just in case during an emergency.
I agree about the situation.If that's all about his family and needs, then that money would be borrowed for sure if a trader is too close to his family. But there can also be those traders that still won't allow.
It's true that traders' money is prone to being used in a sudden due to unstable market conditions making it difficult to lend, but in my opinion in some cases there needs to be an exception especially if the borrower is his own family or close relatives. It may be necessary to make an allowance for principal that is not used as trading capital so that there is idle money just in case during an emergency.
It's really not recommended to lend money from trading capital, because crypto price movements are volatile and the risk is high. Must have some
money just in case if the market falls, we can take the opportunity to buy coins at low prices. If our trading capital is lent to other people, then we can
lose the opportunity to buy coins at low prices, because our trading money is lent. But of course the case is different if there is an urgent need,
where our family needs help from us, we should be able to help. It would be even better if we can manage our finances well, which is where
we distinguish between money for trading capital and emergency needs.
I have 2 friends that I would die for, and I would be willing to give them all the money I have, all the things I own and even one kidney (need the other). However aside from that there are not really any people I would give money to and I do not have to, I do not have to do it for that 2 friends neither if I do not want to but I personally would be ok with just those two.
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There's a huge difference between speaking it publicly and doing it in private. We all have a heart and we'd love to help out our friends who may be in need at some point of time and I'm not saying that you're wrong, but the fact is that, the past 3 years have completely changed the mindset of every single person and nobody behaves the same, be it a trader or a normal 9-to-5 average job guy or even your aunt who used to come to your home for a get-together every week or so, is not seeing you anymore just because of the fear of covid. Things have changed a lot. Okay sorry for off-topic.
Yeah, you're right OP that we shouldn't lend money when we can't, as our trades may need extra capital in order to bring in extra margin and save that trade from being liquidated.
It’s hard to lend money especially if we know we can use it to trade more and can give us profit but if we have extra and know friends who needed it then its fine as well if they will do trading too. While it’s safer to invest or trade using the money we only have if we know we are good enough in trading and capabilities on making our money grown then it’s okay to loan for money but not to ask for all. I have know someone who is a trader from forex trading company who is knowledgeable in trading , some of her salary is saved and decided to loan some extra from friends as capital. If we know we have capacity to pay and set our goals and mind on what to do then it’s good to try provided we set schedule, and gives interest to a loan.
I have 2 friends that I would die for, and I would be willing to give them all the money I have, all the things I own and even one kidney (need the other). However aside from that there are not really any people I would give money to and I do not have to, I do not have to do it for that 2 friends neither if I do not want to but I personally would be ok with just those two.At the end of the day we are all responsible for our own finances and if we are paying taxes then it is upto government to help people with that money. All in all I would imagine that it is clear for people to end up being as rich as possible in capital so that they could trade and if someone asks them to give their money then it makes no sense, why would I not only give you my money but also lose my capital that I trade with? Let everyone earn their own money and not beg others for money.
Some of the traders today want to make an urge to make more traders even though they lend some money because they want to earn their money back again to the profit days. We can make a trader without having the capital to the platform but again the lower the capital the lower the profit so it's better to manage the risk. Some of us of course does not have large enough money to commit good trades. Still, tis better to have a trading plan to prevent getting too many losses and lessen the risk of every trade.
It’s hard to lend money especially if we know we can use it to trade more and can give us profit but if we have extra and know friends who needed it then its fine as well if they will do trading too. While it’s safer to invest or trade using the money we only have if we know we are good enough in trading and capabilities on making our money grown then it’s okay to loan for money but not to ask for all. I have know someone who is a trader from forex trading company who is knowledgeable in trading , some of her salary is saved and decided to loan some extra from friends as capital. If we know we have capacity to pay and set our goals and mind on what to do then it’s good to try provided we set schedule, and gives interest to a loan.
It's true that traders' money is prone to being used in a sudden due to unstable market conditions making it difficult to lend, but in my opinion in some cases there needs to be an exception especially if the borrower is his own family or close relatives. It may be necessary to make an allowance for principal that is not used as trading capital so that there is idle money just in case during an emergency.
Some of the traders today want to make an urge to make more traders even though they lend some money because they want to earn their money back again to the profit days. We can make a trader without having the capital to the platform but again the lower the capital the lower the profit so it's better to manage the risk. Some of us of course does not have large enough money to commit good trades. Still, tis better to have a trading plan to prevent getting too many losses and lessen the risk of every trade.
well, it's just that sometimes people become ignorant when they are not lent money, or have been lent money. this is happening in my neighborhood. where when they borrow because they see someone has a lot of assets, and sometimes they make a sad face to borrow it. even when someone does not have money or only has money for capital to trade or business, but they try to lend it. however, when the time of collection, even the person who borrowed the money did not intend to return it, or even was fierce to the person who lent him the money.
Well, don't be easy to lend money when you don't take collateral from it, or give them a loan according to what you can lose. because when you lend it without collateral, well it's risky.
Well, don't be easy to lend money when you don't take collateral from it, or give them a loan according to what you can lose. because when you lend it without collateral, well it's risky.
Cryptocurrency trading is not an easy work, a lots of factors comes to play in your ability to make profit. Traders work hard and trading is a very lonely job. If you make profit, or loss, you are solely responsible and on your own. Traders have higher standards for earning a living and expect others to up their standards as well!
but this is the advantage in trading, where profit or loss is the sole responsibility of the trader, so this work is free and without bringing down others. still this is not young, because we need experience for trading, in order to survive in the market 
Cryptocurrency trading is not an easy work, a lots of factors comes to play in your ability to make profit. Traders work hard and trading is a very lonely job. If you make profit, or loss, you are solely responsible and on your own. Traders have higher standards for earning a living and expect others to up their standards as well!
One important thing is that even if you agree to lend some people money, paying it back is always a problem. And also as you stated, trading is not easy, and such a one man business, the trader is been blamed for both losing and profits. Most traders reinvest thier capital and profits, which makes it difficult for them to lead or give out money. But that doesn't make them stingy, they are simply conscious of their money. Jump to: