zaesvlas
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September 28, 2021, 06:22:11 PM |
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It should be understood that trading is a risk in any case. I think a trader should be ready for this.
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perfect999
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September 28, 2021, 06:51:22 PM |
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It is not a very smart decision to take a loan or borrow money to trade. You are simply putting yourself in big trouble. Because trading could be unpredictable at times and the result of every single trade is unique, so it is possible to lose all your money. You would also be trading with emotions which is what every trader should avoid.
Loan mean you are not in good financial position so its already not good idea but after taking loan you want to do trading mean double risk just because of this you can check here on this thread mostly peoples feeling its not good idea because this can ruin your life forever or for very long period if you want to do then surely try with some small amount or first try to have some savings then you can jump into this because this crypto market is volatile, and any wrong move can bring you in deep trouble the best thing is just invested which you can afford to lost otherwise just enjoy from sideline is better.
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isaac_clarke22
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September 28, 2021, 06:58:44 PM |
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~
This is what I pointed out previously on a similar thread about someone asking if loaning to trade is okay. The worst is obviously not being able to pay because you did not hit your desired price excluding the fees that you might incur from exchange. I could have done that in my day trade back in the days, but I know it is absolutely unreasonable to do so. Regardless if it is a friend or family that you are loaning from expecting lax upon the date of making payment after the due, it is still a liability that you need to resolve in the future.
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jossiel
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September 28, 2021, 10:06:41 PM |
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It should be understood that trading is a risk in any case. I think a trader should be ready for this.
Everyone does. But in this case it's different. Borrowing for trading isn't an ideal thing because you're taking risk but not with your money. And that is why traders shouldn't do this because of the volatility even if they're that good enough.
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dunfida
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September 28, 2021, 10:44:29 PM |
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It should be understood that trading is a risk in any case. I think a trader should be ready for this.
Everyone does. But in this case it's different. Borrowing for trading isn't an ideal thing because you're taking risk but not with your money. And that is why traders shouldn't do this because of the volatility even if they're that good enough. Being good enough? then that might do but still not all the times you would really make profit no matter how good you are and it would be better to start off with you own money or capital to trade with rather than on getting some loan and start to trade it.If you could handle the risk then go ahead but if not or you have doubts then better not to do it if you dont like to put yourself in a problem. Invest on what you can afford to lose.
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Twinscoin2017
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September 29, 2021, 02:24:15 AM |
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Taking a loan to invest or trade in crypto is risky. But some people do take a loan and still used it as an investment, I think it is still fine to have loan but we need to loan a small amount only an amount that we can afford to paid specially the interest, in my part I don't prefer to take a loan I only invest a small amount and if I will failed then used another small amount and soon I know I will earn, capital is the most important in trading and investing because we cannot do trade or invest without capital the second is learning because if we don't have enough learning about trading and investing we can surely loss.
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zanezane
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★Bitvest.io★ Play Plinko or Invest!
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September 29, 2021, 03:21:53 AM |
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It's not just risky but it's also dumb especially if you're not even a company and you're not good with trading in the first place, unless you're really confident with your skills then go ahead and take a loan, another problem that you might encounter is that the loan might've a really huge interest rate which isn't ideal because you're going to drown in debt if you lose in trading and you're not going to earn a big profit if you win the trading.
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beastblock
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September 29, 2021, 03:56:26 AM |
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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.
Never ever take loans for trading. PERIOD
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jossiel
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September 29, 2021, 09:08:14 PM |
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It should be understood that trading is a risk in any case. I think a trader should be ready for this.
Everyone does. But in this case it's different. Borrowing for trading isn't an ideal thing because you're taking risk but not with your money. And that is why traders shouldn't do this because of the volatility even if they're that good enough. Being good enough? then that might do but still not all the times you would really make profit no matter how good you are and it would be better to start off with you own money or capital to trade with rather than on getting some loan and start to trade it.If you could handle the risk then go ahead but if not or you have doubts then better not to do it if you dont like to put yourself in a problem. Invest on what you can afford to lose. A lot are good traders but still, they can't be sure with the outcome of their trades that's borrowing despite being good, it's still not recommended. You trust yourself and experience. But it's not an advisable thing to do.
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Quidat
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September 29, 2021, 11:16:34 PM |
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It should be understood that trading is a risk in any case. I think a trader should be ready for this.
Everyone does. But in this case it's different. Borrowing for trading isn't an ideal thing because you're taking risk but not with your money. And that is why traders shouldn't do this because of the volatility even if they're that good enough. Being good enough? then that might do but still not all the times you would really make profit no matter how good you are and it would be better to start off with you own money or capital to trade with rather than on getting some loan and start to trade it.If you could handle the risk then go ahead but if not or you have doubts then better not to do it if you dont like to put yourself in a problem. Invest on what you can afford to lose. A lot are good traders but still, they can't be sure with the outcome of their trades that's borrowing despite being good, it's still not recommended. You trust yourself and experience. But it's not an advisable thing to do. Yeah its not advisable but there are people who could really afford to take risk whether they are aware of it or had already make out preparations incase things turns out to be bad. Even myself couldnt really that afford on taking up some loan just for me to have a capital on trading.I would instead wait up for having money and do my best to make it grow instead.Trading is risk and results or outcomes wouldnt really be that always on positive or turns out to be profitable.
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jossiel
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September 29, 2021, 11:25:51 PM |
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A lot are good traders but still, they can't be sure with the outcome of their trades that's borrowing despite being good, it's still not recommended.
You trust yourself and experience.
But it's not an advisable thing to do.
Yeah its not advisable but there are people who could really afford to take risk whether they are aware of it or had already make out preparations incase things turns out to be bad. Even myself couldnt really that afford on taking up some loan just for me to have a capital on trading.I would instead wait up for having money and do my best to make it grow instead.Trading is risk and results or outcomes wouldnt really be that always on positive or turns out to be profitable. Yes, they are those people that have strong guts. But not all of them are taking a successful attempt in making that loan grow. I avoid to take a loan for any investment that I see even if there's a potential. Even it's just 1% of risk, there's still a chance that I might lose and that's a double loss if the money I've used is loaned.
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lienfaye
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September 30, 2021, 03:24:49 AM |
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It's not just risky but it's also dumb especially if you're not even a company and you're not good with trading in the first place, unless you're really confident with your skills then go ahead and take a loan, another problem that you might encounter is that the loan might've a really huge interest rate which isn't ideal because you're going to drown in debt if you lose in trading and you're not going to earn a big profit if you win the trading.
Thats why using a borrowed money as capital for trading is not advisable. Actually not only in trading but also in other investment as well that has risk, because we're not certain if we can manage to grow it and repay the money. Well it doesnt necessarily mean huge capital is needed for starter because any amount will do as long as you can improve your knowledge and skills as a trader. Then if you're really serious to gain, start saving for your capital, this way even you lose atleast its your own money and you dont have to worry about interest.
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olib123
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September 30, 2021, 06:19:15 PM |
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Depends upon the situation and time. Sometimes taking loan is successfully done and sometimes it's not and you loss in more with your money and loans too. Rich people's have no worry about taking loans if they loss they can afford but middle peoples have to think more before taking loan because it's to risky to lose.
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Anguwa
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October 02, 2021, 05:21:18 AM |
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I feel borrowed money in trading is very very risk, imagine a situation where a trader noticed deep in crypto market then went to borrow money from someone just to use the dip advantage and gain some profit, so if there is more deep defiantly he has to panic and end up withdrawing at lost and he or she need to get more loan to recover the previous one. It is advisable not to invest the amount you cannot be able to loose, so it's very risk to use borrowed money for trading.
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sovie
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October 02, 2021, 07:00:33 AM |
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Thats why using a borrowed money as capital for trading is not advisable. Actually not only in trading but also in other investment as well that has risk, because we're not certain if we can manage to grow it and repay the money.
Well it doesnt necessarily mean huge capital is needed for starter because any amount will do as long as you can improve your knowledge and skills as a trader.
Then if you're really serious to gain, start saving for your capital, this way even you lose atleast its your own money and you dont have to worry about interest.
Remember the bearish season after Dec 2017? Bitcoin remain down and out for almost 2 years. Even if you are investing for long term (where chances are rear of lose) you may end up struck up for very long time. No one want to be in such situation with borrowed money because you interest on your debt will continue to grow. Golden rule is always play with your own money and don't do experiments with loan.
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ice18
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October 02, 2021, 09:43:34 AM |
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I think it depends on the condition of the market, In bullrun, I can personally take risk a $10k payable in 12 months for spot trading for less risk of liquidation and many people are doing this strategy, for you not to get homeless for unpaid loans just do spot trading, never go into leverage when your money is from loans.
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breathlessz
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October 02, 2021, 01:11:58 PM |
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I think it depends on the condition of the market, In bullrun, I can personally take risk a $10k payable in 12 months for spot trading for less risk of liquidation and many people are doing this strategy, for you not to get homeless for unpaid loans just do spot trading, never go into leverage when your money is from loans.
the leverage system is indeed very risky, especially from capital that comes from loans. it can happen that our money will run out due to the use of inappropriate lots. indeed this really helps traders to make a profit even though the funds come from loans, maybe someone can explain the calculation of the loan repayment
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rahmathidayat93
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October 02, 2021, 04:41:18 PM |
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I can say this is a bad idea, even skilled traders if the capital solution for trading is based on borrowed capital, I think this is a bad idea. no market conditions can be said with certainty about the way forward. Crypto may present a risk of loss, and not everyone is ready to face the losses caused by market dynamics. So if trade from borrowed capital, this results in financial threats.
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iv4n
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October 02, 2021, 05:33:54 PM |
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Every once in a while we have exactly the same topic "taking a loan to trade..."! And most people talk it's risky, and for sure it is, but taking a loan is risky by itself, before you take it you need to have a plan how to return it! If someone is taking a loan without repaying plan, without backup options, the risk is very high... the wrong move and you are in a big problem! Taking a loan to do something more with a repaying plan and backup options minimize the risks of getting into big trouble! Without risk here and there it's hard to do something more! Simply life puts you in some situations where you can take advantage you just need a bit more money, that risk can be minimized as I explained above, and making a risky move can pay off big time! In the end, it's not the problem in taking the risk, we just have two options to play it smart or stupid! And I believe we know the consequences of both!
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molsewid
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October 03, 2021, 04:41:45 AM |
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Every once in a while we have exactly the same topic "taking a loan to trade..."! And most people talk it's risky, and for sure it is, but taking a loan is risky by itself, before you take it you need to have a plan how to return it! If someone is taking a loan without repaying plan, without backup options, the risk is very high... the wrong move and you are in a big problem! Taking a loan to do something more with a repaying plan and backup options minimize the risks of getting into big trouble! Without risk here and there it's hard to do something more! Simply life puts you in some situations where you can take advantage you just need a bit more money, that risk can be minimized as I explained above, and making a risky move can pay off big time! In the end, it's not the problem in taking the risk, we just have two options to play it smart or stupid! And I believe we know the consequences of both!
Well for me taking a loan to trade is not just risky but problematic at the same time because in trading there's no 100% assurance that you can make the best profit out of it. First hand before you gonna end up on the thought of taking a loan to be able to start trading must considered first how could you return the money that you've loan if everything doesn't fall into place. For me it is always good to take risk your own money than taking the risk the money of others.
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