Take a Loan to Trade?

+1

This.

The more factors that make it hard to take a loss, the more likely you won't cut a bad trade.

1.Forex market don't need to much money since it has such a high leverage.So if you have the confidence to win,why do you have to borrow money?
2.Debt you cannot afford always make you feel bad,then it will effect your mood and trading.
3.You are not managing a company.even a company will bankruptcy if you don't have a stable earnings.

So,NEVER.If you don't have money for trade,then find a job.

Sorry your logic is way off.

Traders dont owe anything to the broker when they blow up. They only loose their own money.

When you take a loan and trade with it, if you blow that money or not, you will have to pay it back in full+Interest.

Regarding your original question, (given you have been making money)

Finding an investor who understands this business and its risk, trading his money would be an ideal situation.

On the other hand if you just borrow the money from someone who just wants his money + Interest back after 6 months, no matter what you do with the money. This is not a ridicules option straight away but its very tricky still.

I have never taken a loan for Forex trading, I would never recomend you to go for loan.

Try borrowing the money from yourself, first. So what if it take s few months to put it together. You only need $500 to $1,000 (in a mini acct) to prove to yourself that either you can trade well...or you can't. If you can trade well and you can keep it up profitably for several months...you may draw enough interest from friends and family to try to get at a bigger amount. If you prove to yourself that you have no idea what you're doing and you've just a new way to lose money...at least it was your money. Nobody cares to ask for a repayment of the funds, much less where's the interest owed.

Anyone can make a million on demo. When you put actual money on the line in a trade...and you can imagine you're handing your broker $5 at a time...and it's disappearing for good...a whole new set of emotions will crop up that you never experienced while you were demo trading.

Definitely something to think about.

Best,

Eric.

The key (obviously) is whether you can consistently make more than what you pay the bank in interest/fees. If you can, then the answer is yes. Most businesses use borrowed money to start up. No different here. Once you've paid back the loan in its entirety the money is now yours and you start building up from there. One thing I suggest is match the loan money with your own money. So for instance if you borrow $10,000 from a bank, add $10,000 of your money for a total of $20,000. If you lose half then stop trading and pay the bank back it's money from your half. Good luck.

To OP:

NO! Extremely bad idea.
Unless ur so talented that you are 100% sure you can do it.
I quess making this treads answers to that already.

To the original question - if you're a really good trader then you can trade a small account up in a relatively short time so no need to borrow right?

Regarding the quoted text below, I think you are thinking "black or white". Slog your guts out 9-5 or be someone's bitch? No middle ground? No well paid jobs anywhere? If you can add value to someone's business, you will be paid accordingly. But you have to add more value than others and work harder than others.

There is this saying I find very true. If you pay peanuts, you'll get monkeys. It's also true the other way around: if you're not much more useful than a monkey then don't expect to be paid more than peanuts.
Don't get me wrong. I'm not saying you're useless or you don't deserve to be paid more. I'm just trying to explain there's more than these extremes: 9-5 slavery and being financed by someone.
But, it all depends on YOU and you alone. Good luck.

Calling for a dissaster trading is still 90% psychology imo if you cant afford to to lose the money it is gonna be painfull and you probally gonna do stupid things. I readed sometime ago a research why many fail in trading and it suprised me it wasnt that many are always wrong on direction then. More of emotions they move stops when in a loser or adding and then before it flipped direction they puked. What gave emotionial more frustration. And when they in a winner they didnt added or take profits way to fast. what made the lose huge compared to the gains. Now i been through same stuff myself in histoty adding tolosers uncontrolled not cost averaging thats a different thing it is predefinied so i know this but from my expirience if you trade for example money you loaned you need to pay intrest etc (pressure). You need to make money so as a human you gonna make stupid mistakes and instead of trading your method whatever you gonna trade you probbaly will trade your p/l. if you havent that under control you gonna add fuell to the fire with a loan and it is imo gonna call for a dissaster in trading and the consicensius when you lose the money after it will be more

SO IMO A STUPID THING TO DO

I think loan can be taken only those trader has more confidence and proper lesson about Forex trade. Without experiences any trader can not make success so before take any loan for trade must need to gain proper knowledge about Forex trading.

Forex is a risky business. So take risk may be really so risky for all traders. But I think only experiences trader can take loan for trade.But I do not prefer loan for new traders.

why dont u just start a marco account first?
if it works, u dont have to deposit any more money just let it grow.
if it does't works, u lose a small amount.
some people may borrow and make big money, they have a strong heart and mind. I'm not sure you are that kind of person if u ask people advise abt it.

I think that is appropriate, if and only if you have extremely solid strategy, you tried it on the demo-account with a huge amount of demo-money, also you did it on the real account.
We all schould be honest: some traders use loan money very efficiently. If we all traded with only our money, PAMM wouldn't even born as an idea.

Just re-mortgage your house. Much cheaper interest rate than a personal loan.

No

If you were a successful trader you wouldn't need to borrow money because you would already have it. Until you are successful I counsel you to only use money you can afford to lose and when you pay it to your broker kiss it goodbye.

Get a job earn some cash and then trade. Very important don't trade money that you cant afford to lose.

Never trade with the money you can't afford to lose!

On the contrary. Best to trade with money you cannot afford to lose.
If you don't need the money, you will lose it.
because... after all, you don't need it !

its now possible to borrow loans from social lending platforms like Forex with Friends because there are no negative repercussions if you fail to repay the principle.