Taking loan to trade is a risky task

[semobo]

The joy in trading is when the money which is been used to trade is owned by the trader. Normally trading is something that is unpredictable, one can't really know or see the outcome if it will be a big loss, small loss or big win, small win. When money that is been used for trading is owned by the trader if there should be loss he may not too feel about the loss, unlike when the money which was been used for trading is borrowed,  in a case whereby the person do not have good source of income.

I know someone who started how to trade about four months ago. He is a beginner in trading, I don't really know how good he is, but to him he may feel he can always make earnings. I think he was so confident in himself, he had to borrow money for trading which he could not make good profit. As a beginner borrowing money to trade is not the best. It is not even advisable to use all the money one has to trade or invest talk much of to borrow to trade.

When someone is capable of trading and making profits then they are not going to be in a situation to take loans for their trading purpose, if not then they are taking risks which has high chance to become failure.

[Jasad]

On this forum have loan using bitcoin or altcoin depend which one do you choose but you have really trusted account and minimum Full Member rank above, I see every day have new people try to make loan with payment fees about 3% until 5% depend how many day loan take. I think is not good to get loan with cryptocurrency and you need pay fees with higher percent.

[dunfida]

On this forum have loan using bitcoin or altcoin depend which one do you choose but you have really trusted account and minimum Full Member rank above, I see every day have new people try to make loan with payment fees about 3% until 5% depend how many day loan take. I think is not good to get loan with cryptocurrency and you need pay fees with higher percent.

Whenever you do take up some loan here on crypto space then expect that interest would really be higher whenever there would be some pumps on crypto market prices which is also part of the burden.

As a lender then you would really took up the risk on for someone for you to grant up some loans and  of course this is also a risky part for them.It is really just really that risk to make

use of loaned money in all sorts.Always invest on the amount that you could afford to lose because you would really be having a hard time if ever the market would turn out against you.

[Desmong]

I don't recommend to take a loan, this is too risky because we can be sure if we will win with trading specially on complicated situations.
Maybe having savings from your job, would be a best strategy to use, you could save your money diverted to crypto assets like xrp and bnb.

For a trader to borrow money to trade is not as bad as what we think of a trader is good at what he does, the getting a loan will be a good advise to maximize profits so that the loan can be paid back in due time. B
If a so call trader is not that good in trading then getting a loan will not be advisable because the money can be lost and lead to debt.

[rhodelmabanal]

Taking a loan to trade is a very risky idea, many people had done this and they end up to losing. My advise is just start trading with a small amount of capital an amount that you can afford to loss that cannot burden your family. It is simply because in crypto trading we cannot really gain a stable profit and if we are going to take a loan there is a possibility that we cannot paid it on time and the interest may grow very quick bigger than our loan and we end up losing because of it.

[Rengga Jati]

I always convince myself and also the people around me, never use a loan for Cryptocurrency trading. When you get a profit, you might be able to restore quickly. But when the contrary, you will be in a difficult situation multiply.
This is not a matter of wanting to get money quickly by borrowing. But about how we take the risk that is too high, especially if we are a beginner. This is not a good step.
Just use your free money where you don't need it at a close time to start trading. Because in the world of Crypto, there is no warranty, there is no prediction that is 100% right.

[Luke Briggs]

Study the market deliberately, can be 100% profit, then you can borrow money to invest. But don’t take too big a risk if you can’t predict what the market will do. If I can live with the consequences.

[Fakhrulenclix]

It's a very big risk when trading with borrowed capital, I did this a few years ago when I first got to know crypto, so many mistakes will happen if the capital used is not unused money, let alone using loan capital that is limited in time. there will be panic when the price drops so that it makes other mistakes, I do not recommend taking a loan to trade because the risk percentage is very high.

[Zackgeno96]

Not just risky but also dangerous. You don't want to be in a debt that you can't pay because you took a loan and invest it to something you're not sure if you are going to win or lose. Trading is a form of investment and if you are going to invest you don't want to use other peoples money because there's a chance that you will lose, just like in gambling you won't take loan just to place bet.

It's really risky move I think. Even if you are good in trading don't borrow from others, if you are a good trader and have small capital then trade it until it became a big money just like what you have said your friends is a good trader, a good trader can make $1000 > $10,000 but it's just a matter of time.

[Reatim]

It is not advisable for someone to borrow money. It is like borrowing money to gamble. If you're just going to put that at risk without any guaranteed return.

Please, don't do that and don't use others money for it.

Because there is no guarantee.

I don't think that person in bright mind will do such action because trading is the hardest way to earn in crypto so meaning having a loan just to risk is something like gambling your money.
why not just do it  in your own capacity to gain funds than loaning?
and if i am to lent? lol i will never let it ask me funds if this will only use to invest in crypto.

[adzino]

The joy in trading is when the money which is been used to trade is owned by the trader. Normally trading is something that is unpredictable, one can't really know or see the outcome if it will be a big loss, small loss or big win, small win. When money that is been used for trading is owned by the trader if there should be loss he may not too feel about the loss, unlike when the money which was been used for trading is borrowed,  in a case whereby the person do not have good source of income.

I know someone who started how to trade about four months ago. He is a beginner in trading, I don't really know how good he is, but to him he may feel he can always make earnings. I think he was so confident in himself, he had to borrow money for trading which he could not make good profit. As a beginner borrowing money to trade is not the best. It is not even advisable to use all the money one has to trade or invest talk much of to borrow to trade.

Its going to be a very bad idea to borrow money from some to trade or invest in crypto currencies. If you take loans, you will have to keep in mind that you have to pay back with interest. Those interests are going to kill your profits. And then there is a risk of losing everything. The crypto market is very volatile. One wrong move, you will be in financial debt forever. If one cannot afford to invest/trade, then he shouldn't. The rewards he will be getting isn't worth the risk he will be taking. Save money fist and then use those for trading.

[Alisha FR]

Beginners should know the market situation and knowledge of crypto and how to trade properly. They have no money to trade and borrow to trade, this is not a good idea. They have put trading as their main job, but their income here is uncertain and the risk of loss is higher. It's better if don't have enough money, so be patient, there will be opportunities in the future to trade and be able to earn by trading. Do not do things that bring harm in everyday life.

[imstillthebest]

The joy in trading is when the money which is been used to trade is owned by the trader.

i think no and i believe there are traders that dont borrow money but they are still not happy when they loose . imo it doesnt matter if you borrow money of not but what important is your enjoying what your doing and can accept whatever the results  .

I know someone who started how to trade about four months ago. He is a beginner in trading, I don't really know how good he is, but to him he may feel he can always make earnings.

you didnt totally know him but he know to himself that he can do it so why will you stop him and besides thats his loss if the trade didnt go well , dont pressure your self too much because the worst thing that can happen is someone will get angry at you with that attitude .

[dimonstration]

Beginners should know the market situation and knowledge of crypto and how to trade properly. They have no money to trade and borrow to trade, this is not a good idea. They have put trading as their main job, but their income here is uncertain and the risk of loss is higher. It's better if don't have enough money, so be patient, there will be opportunities in the future to trade and be able to earn by trading. Do not do things that bring harm in everyday life.

It can be done by people who are knowledgeable in trading,  it will be a waste if they knew how to trade yet they don’t have any means to use it since they dont have budget to start. I knew some people who wrk in trading companies for investment who take loans to start trading for their own and now she is no longer employed and now using trading as his source of income. It will depend , if we know what were getting into then maybe it could be worth a try. Just make sure we really do what were doing.

[crwth]

If you treat trading as a business, I don't think it will be as risky "if you think about it" because you will understand how to manage your risks and losses and prevent you from further hardships and losing money. It's different on how you will see it, and then the result will be good. Either way, you can control what you are doing, and you should treat it for longer timeframes.

I know successful people, and they are risking a lot of money with their trading, and they are even borrowing money to widen further the profit area they have already. It depends on the person who will do it.

[arbifahrozy]

Most of my friends had taken loans from my relatives for trading and they are trading since a year, But most of them are in profit even , and a little of them are in loss. It all depends upon the market, the person lucks sometime and the strategy the trader is following. All of these things in trading plays an important role and giving success to a trader.

[Beparanf]

Most of my friends had taken loans from my relatives for trading and they are trading since a year, But most of them are in profit even , and a little of them are in loss. It all depends upon the market, the person lucks sometime and the strategy the trader is following. All of these things in trading plays an important role and giving success to a trader.

Luck if we are talking about the on when they know crypto to enter on early price before the pump but if its about trading itself the I don't believe on luck. You have the full control of your profit and loss when trading because there's technical analysis to help you on when to take profit and cut loss the chance of having a profit in trading is very high with the proper application of technical and fundamental analysis of the token you are prospecting to trade.

[blockman]

Most of my friends had taken loans from my relatives for trading and they are trading since a year, But most of them are in profit even , and a little of them are in loss. It all depends upon the market, the person lucks sometime and the strategy the trader is following. All of these things in trading plays an important role and giving success to a trader.

Not totally luck if it's trading, maybe those friends of yours are quite good enough and they are experienced traders. But even if they're mostly in profit, it's a huge risk that they've taken. Do you have a breakdown on how much your friends borrowed and how much they've gained from that loan that they've took from your relatives? It is easy to say in words that you've got friends who borrowed and won with their trades when in fact mostly are losing.

[RokokGudangGaram]

I do not believe that this is good decision, neither it is advisable to do, since there is no assurance with the circumstances of events which means that a person’s capacity to pay back the loan is indefinite as well. I think that it would be better to just save money, then use whatever you have, or you can even start small first and test the waters. Loans are very risky, even with the enormous knowledge a trader has.

[nurilham]

not all traders make a profit and it is too risky to trade with borrowed money because we don't know whether to make a profit or a loss. I've heard a lot of incidents like that and it's very risky, they even sell all their assets such as houses to pay off their loans because they experience losses. if you are still a beginner then start with a small capital first, don't be in a hurry to get big results. hold our emotions in order that we are not to be affected by the ups and downs of the crypto market.