Take a Loan to Trade?

I agree that Forex is a risky business, but I think only assuming the risk, you can become a successful person...That's my life principle. I am thinking about trading and I am convinced that I can succeed with that. However, as I need money for trading, I already have applied for a loan on https://credit-10.com/se/ferratum-logga-in/ and I am waiting for the answer either my application is accepted or not. I hope all will go well and I will receive the necessary money in order to begin my activity.

but when someone seeks for success it's important to take the risk

It's a very dangerous proposition to borrow a loan for something as risky as trading. Never mind taking a loan you shouldn't even risk all your own funds to trade.

Taking a loan for forex trading is not a good idea for sure since there is alot of risks involved in it. It's better to start with the smaller amount first and then go for more. Hence, if you are on a good track of making profits for a long time you can think of taking loan depending on the situation.

I don't think taking money on credit for trading is a good idea. It's all about excitement. Traders are already worried about losing their money while trading; constant risk puts traders in a stressful state, which often causes them to make mistakes and fail deals. By taking credit, you put yourself under even more stress, which reduces your chance of success even further. I advise you to find a mini job better and invest extra money in trading, gradually gaining experience and trading your money with less stress. Another disadvantage of the loan is that in case of a failure, you will have to find the money somewhere, look for different part-time jobs, which will have an adverse impact on your future trading.

We do take a loan everytime we open a trade with leverage higher than 1:1.

I get what people are saying that this is a business & people take out loans for business's etc

Most the time in actual business you would have a tangible asset, here I don't see you have that.

So personally it's not for me to take a loan out

J12

Never, never, never, never, never, never, never, never, ever, ever, trade borrowed money.

Never, never, never, never, never, never, never, never, ever, ever, trade borrowed money.

no borrow , only play with your money

untill u expert like this and then u dont need any money to become rich

"scared money never wins" Here's a reason it's a "saying" (same with leverage - use a broker who charges higher initial margins and you will find you trade better)

If you are beginer, i wouldnt advise to take a loan just to trade.
But if you have a succesful strategy and maybe 1y constant profitable, if you disciplined, you may consider taking a small loan.

I would never recommend someone to take a loan for trading. I mean talking about the risks that this field has, I don't think it is good to stake borrowed money here.

Only trade money you can afford to lose. Trading is a risky game and the majority of traders are losers. Enough said.

Very bad idea. Always keep in mind that in this market you can win but you also can lose. Especially speculative trades are risky. Instead of borrowing you can take leverage from broker. Still risky, so if you dont have winning strategy, better stay away from borrowed funds.

yes, tell them "I'm asking for a loan to make speculative trading positions in the Forex market... I have a good strategy... I swear!"


they'll call an ambulance and take you to the hospital.

If you believe in yourself and having a +exp.value, go for it no matter what.
Don't listen to others opinion.

We need to make sure that we are hitting the markets at the correct timings. In this way our trades will become profitable.

Loan for trading ?
It could be a nightmare unless you're so pro to handle the normal pressure, because while you have to pay interest for your loan and you need to get out a specific amount and then own money as well. So at the end in hurry in dealing with so much problem, you're more likely to expose yourself with MC.

If you’re good enough to trade on borrowed money then you’re also good enough to build a solid amount from scratch...

Due to the leverage options currently available, its not so hard to start with $50 or $100 and build that to 2.5- 5k in a relatively short amount of time taking some pretty calculated but “ridiculous” (%) risks...

Taking 5k - 10k to 500,000 Is simply not the same thing and no human can make take that same risk with the same mindset ... well none ive met anyway

you lose $50 ... so what? thats a carton of beer... you lose 5k ... well 5k is 5k in anyones book...

... Borrowing money to trade is a bad idea... its an impatient and usually deluded concept

Prove yourself... if you don't have the capital ... prove you have the skill ... to have the capital