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Author Topic: Traders Don't easily lend out money.  (Read 771 times)
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October 11, 2021, 11:17:35 AM
 #101

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.

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October 11, 2021, 02:22:07 PM
 #102

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.
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October 11, 2021, 04:43:03 PM
 #103

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.

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October 11, 2021, 09:58:25 PM
 #104

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.

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October 11, 2021, 10:27:09 PM
 #105

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.

--snip--

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.

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October 11, 2021, 10:49:51 PM
 #106

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.

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October 11, 2021, 11:31:13 PM
 #107

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.

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October 12, 2021, 03:46:33 AM
 #108

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.
Either its a family or not, as long as the reason to borrow money needs immediate response just like in a situation between life and death, then you have to be selfless that time. Even if you can't lend a big amount, the fact that you let that person borrowed from you is already a big help.

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.

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October 12, 2021, 04:20:01 AM
 #109

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.

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October 12, 2021, 04:45:53 AM
 #110

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.


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October 12, 2021, 04:13:33 PM
 #111

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.

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?
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October 12, 2021, 04:25:35 PM
 #112

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
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October 12, 2021, 09:22:11 PM
 #113

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.

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?
Well, as what OP says that its his own money so he can do everything he wants even putting an interest to those who will lend some amount. As long as he will still gain profits, then he will really take chances to lend out money.

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.

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October 12, 2021, 09:44:44 PM
 #114

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.

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October 12, 2021, 11:45:28 PM
 #115

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.

R


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October 12, 2021, 11:57:53 PM
 #116

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.

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.

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October 13, 2021, 10:13:36 PM
 #117

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.

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October 13, 2021, 11:29:58 PM
 #118

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.
But not all would really be having that kind of mindset and do end up on being too selfish and would mind off for themselves because they don't really believe on something like future help into those people who had been helped out by them.

Its a personal kind of view because not all would really be having that behavior and would just focus out on their funds and wont tend to help out another people who are in need.

When it comes to diversification on other businesses or possible financial help then its out of their own considerations.

R


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October 14, 2021, 08:14:21 AM
 #119

Its a personal kind of view because not all would really be having that behavior and would just focus out on their funds and wont tend to help out another people who are in need.
This; yeah as simple as like this. Just a personal view; it means not all the traders necessarily to have some opinion. It will definitely vary traders to traders. In my opinion, when traders are easily going for availing loans, why not we could expect them to understand other people's timely need. This way lending in and lending out may not have differences for a trader.

because their capital is actively and most times always involved a trade.
If you are a successful trader then you will have excess funds which incurred as your profits and moreover, re-investing your profits for next trade is highly discouraged as it will apply extra risks to your trading plans. This way, you must have excess fund if you are a successful trader.

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October 14, 2021, 02:51:36 PM
 #120

This should be tagged your perception and yeah, I respect it, but on the contrary, I do think this depends on some factors
* How successful the trader is.
* How well the market is doing
* Who is involved and also
* The trader's willingness to giving.





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