Hi everyone,
Note: I changed the tilte from borrow money from credit card to trade? without hurting your trading emotion? to
borrow money from credit card to trade?no. but use CC to benifit trading Please read post 27&28 for more details for shortcut.
Again I would like to thanks pipmutt & everyone for your feedback to conclude with satisfied solution.
I couldn't find any thread talking about borrowing money from credit card to trade. If professional(full time) traders can trade with profit 5-10% per month are they using credit card to trade bcos the profit well above over interest charges. And one more thing, Credit card is the most quick and easy way to get the loan without hassle.
Here is my problem:
right now my profit about 4-5% a month for few months( 3-4 yrs experiece) I'm trading now with micro lot. but I'm trying slowly to increase my lot size so won't hurt my emotion in trading.
Right now my initial capital is $6000 but my credit card allowance is $50,000 and I expect my average income $100 daily.
How can I use my credit card to earn more profit from trading say 'money management' because most of all businesses borrow money to run their businesses even banks also have to pay interest to their customers to trade(ofcos with much much lower interest). But trading is rather different due to emotion. So I need some advices from experience traders or financial advisers. All comments would be appriciated.
solution please refer the below links for solution
http://www.forexfactory.com/showpost...0&postcount=27
http://www.forexfactory.com/showpost...1&postcount=28
Best regards,
Note: I changed the tilte from borrow money from credit card to trade? without hurting your trading emotion? to
borrow money from credit card to trade?no. but use CC to benifit trading Please read post 27&28 for more details for shortcut.
Again I would like to thanks pipmutt & everyone for your feedback to conclude with satisfied solution.
I couldn't find any thread talking about borrowing money from credit card to trade. If professional(full time) traders can trade with profit 5-10% per month are they using credit card to trade bcos the profit well above over interest charges. And one more thing, Credit card is the most quick and easy way to get the loan without hassle.
Here is my problem:
right now my profit about 4-5% a month for few months( 3-4 yrs experiece) I'm trading now with micro lot. but I'm trying slowly to increase my lot size so won't hurt my emotion in trading.
Right now my initial capital is $6000 but my credit card allowance is $50,000 and I expect my average income $100 daily.
How can I use my credit card to earn more profit from trading say 'money management' because most of all businesses borrow money to run their businesses even banks also have to pay interest to their customers to trade(ofcos with much much lower interest). But trading is rather different due to emotion. So I need some advices from experience traders or financial advisers. All comments would be appriciated.
solution please refer the below links for solution
http://www.forexfactory.com/showpost...0&postcount=27
http://www.forexfactory.com/showpost...1&postcount=28
Best regards,