Would it be advisable to take out a loan and use that money to make speculative trading positions in the Forex market?
Bank loan for traders 70 replies
DislikedSure. People borrow money to open businesses all the time. People will tell you that trading is different, that your emotions, fueled by the idea that you're in debt, will be a detriment to your trading.
However, I fail to see the difference between that and someone who borrows money to open any other business. In the end, you're in debt in order to create a business. Does someone in this position feel less pressure? I don't think so.
I will note that a massive difference though is the time scale involved. If you open a restaurant,...Ignored
DislikedNever trade with money you can't afford to lose! Can you afford to lose the entire loan amount? If you have to borrow money to start trading I doubt it
Cliff notes: NO!Ignored