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Author Topic: Taking loan to trade is a risky task  (Read 1024 times)
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October 03, 2021, 04:42:49 PM
 #121

Although currently lending money to trade is something crazy, I have seen that there are many ways in which through the coins or tokens that are launched both in pre-sale and playing, something profitable is made, when compared to normal trading and the NFT game , I see that there is more probability of profit, and the easiest way that I have discovered is by entering the pre-salts, then selling the tokens or coins in the public sale. It is already the decision of the trader if he wants to continue trading waiting for the highest dip and repurchasing, other types of strategies already enter there.

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October 03, 2021, 05:33:55 PM
 #122

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.

Borrowing money and even more so for trading cryptocurrency is really a very risky business. Even if you are confident in yourself and your information, there is still a percentage of the risk that suddenly everything can suddenly change in the other direction. The crypto market is not predictable, and if you want to save your nerves and possibly even your life, then borrowing or lending money for trading is not recommended. I have already seen in my practice people who took money from the bank and in the end could not return it, which put this person in a very difficult situation. Believe me, it's better not to get into such a situation. Trade cryptocurrency only for available money or for those that you do not mind losing.
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October 03, 2021, 06:01:43 PM
 #123

Trading is a risky task. Taking a loan for trading increases this risk even more. This is an extra pressure on traders. Because you have to repay the loan. So I don’t like it. I think your extra money should be used in trading.
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October 03, 2021, 11:15:48 PM
 #124

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.
those who make some borrowing for trading are like committing suicide slowly, highly not recommended. but if you are ready to risk losing 2 times then it's not wrong to try it too, The point is as long as you don't lose the initial capital when trading, then your loan is still safe.

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October 03, 2021, 11:20:26 PM
 #125

Trading is a risky task. Taking a loan for trading increases this risk even more. This is an extra pressure on traders. Because you have to repay the loan. So I don’t like it. I think your extra money should be used in trading.
The pressure remains and you have to do the best of the trades that you can. But no way to be assured that all of your trades will be at their best because you'll not know the results of it until you're already there. Aside from winning your trades, you'll have to think of the opposite effect too.
As you do it, the chance of losing is higher than you can ever think of. Because you lose the money and at the same time you have an obligation waiting for your payment with interest.

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October 04, 2021, 12:40:06 AM
 #126

There are some good traders out there (which I know some of them) who are very good in trading crypto currency and they started with money which they borrowed from friends and they are successful in their trading careers and paid the loans back with interest. Though, not everyone can do that because there are so many traders who cannot control their emotion while trading and that has had a negative effect on trading and that factor is most difficult things control while trading with your real or borrowed money.
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October 04, 2021, 06:56:45 AM
 #127

Trading is a risky task. Taking a loan for trading increases this risk even more. This is an extra pressure on traders. Because you have to repay the loan. So I don’t like it. I think your extra money should be used in trading.
Using extra money will not be a problem, even if that money is not too big to trade. So that means, if we keep trying to search for the coin, we will get it someday, and we will make a big profit too. Taking a loan will have a risk and if we don't have another income that we can use to pay the loan, we will feel difficult to repay that money. It will be no problem if we need longer to profit because that is the process we need to enjoy in crypto trading.

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October 04, 2021, 07:55:48 AM
 #128

Trading is not an easy way to make always take good profit from trading. When you start trading then you need to proper and Higher skill about trading and also you need to patience and control your emotion.I think it is not smart your decision. Loan money is very risky,i Don't agree with your decision. I think the biggest problem is barrow money.Trading is not gambling site.
Getting a loan ttrade is not a bad idea but using the money improperly to execute trades without good analysis of the market can be dangerous. I know many persons that had gotten money from the bank to trade and still make good profits and later pay back without any problem. The problem in getting a loan and not paying back at the due time can have a great consequences if it takes longer than normal.

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October 04, 2021, 11:49:56 AM
 #129

Not just risky though, it's also stupid because you're not winning when you take a loan, you don't get that big of a profit and at the same time you're going to pay back much bigger debt since most loans have huge interests in them.
I wouldn't call that stupid, because we don't know what people are actually doing. however, I totally agree that it is very very risky.
we do not know whether we will get profit or not, because in the world of trading we will never know the result. however, I've heard words like "even if everyone thinks what you're doing is stupid, but if it works, then it's genius". quite a lot of people are successful when they make loans to invest, or trade. however, I think you need to know that it is a very dangerous thing, especially if you can't repay the loan when your business fails.

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October 04, 2021, 12:47:23 PM
 #130

There are a lot of people who want to take some risk like they are borrowing some money and take their risk and a chance to win with their trading skills somehow it works and sometimes it didn't, we always say that trade what you afford to lose. It looks like a gamble to lose your money still its depends on your skills to handle each market volatility.

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October 04, 2021, 01:33:01 PM
 #131

Taking a loan to trade is really, really risky unless you have steady high profit and can pay that loan with it's interest even if you lose the whole capital. Why is it risky? Because the loan puts an additional pressure on you when you know that you have to pay some % every months. The factor that you want to at least keep the same capital or normally increase it, puts even more pressure on trader.

The number one rule in trading is: Don't hurry! Keep Patience! Did you miss one moment? Forget, use another one. Just use only good moments and that's all. Small profit is better than loss!

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October 04, 2021, 02:07:54 PM
 #132

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.
For me there is no good in borrowing money. As you have said "he may feel he can always make earnings", instead of lending him some money I'll push him to put his money instead. He may used a small amount of money but since he is confident maybe because he is knowlewgable enough so he can make the most out of his small investment. I know it is not 100% possible but it is avoiding him taking loan which I think is a good thing. Wherever side we take a look it is risky because I knew someone who have earned a lot in trading has a history of also losing in it. If someone really has no money to used, then stop. Trading is always there. Comeback if we already have money we can afford to lose.

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October 04, 2021, 05:12:08 PM
 #133

It is very risky. if we take a loan in spot trading and we go in huge loss then how we return this loan. In this situation it is very difficult for returning loan to the company. If you are a professional trader then you can take this risk to get loan for trading.
In future trading, we are also taking loan in leverage system from our investment. But in this system we vanish our whole account balance if our trade goes wrong to market trend. 

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October 04, 2021, 09:23:32 PM
 #134

It is very risky. if we take a loan in spot trading and we go in huge loss then how we return this loan. In this situation it is very difficult for returning loan to the company. If you are a professional trader then you can take this risk to get loan for trading.
The thing which makes it sounds greater is sometimes there several individuals who thought they are pro trader already just after making some profits in short terms, then encouraging themselves to bear the risk take a loan for trading in order to gain more profits.
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October 04, 2021, 09:29:02 PM
 #135

It is very risky. if we take a loan in spot trading and we go in huge loss then how we return this loan. In this situation it is very difficult for returning loan to the company. If you are a professional trader then you can take this risk to get loan for trading.
The thing which makes it sounds greater is sometimes there several individuals who thought they are pro trader already just after making some profits in short terms, then encouraging themselves to bear the risk take a loan for trading in order to gain more profits.
Which it is why its important that you shouldnt trust any service out there or someone who do really claim that theyre good at something and ask out some money for subs or something like that.

Dont ever consider on taking up some loan just for you to believe that there's an easy way for you to make profits because thats not how the reality works.

Trade on the amount or capital that you didnt borrow because risking something like loaned money is something that you shouldnt do in the first place.

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October 04, 2021, 10:12:29 PM
 #136

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.
This reminds me of a friend of mine that borrowed money from me to trade last year. He so much believes in his capabilities of trading. Forgetting that someday you'll lose and win some(can't be perfect in all). It happens that day he borrowed money from me, he traded wrongly and he loss drastically. Up till this very moment, he's unable to pay me back all because his hopes was shattered.

 
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October 05, 2021, 02:47:41 AM
 #137

I don't like trading with loans. I never did it. Because in the crypto world the trade thing is very risky. It is not advisable to trade on loan. Because it has more high risks. I think you should trade with as much money as you can afford & don't use all your money.

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October 05, 2021, 02:01:21 PM
 #138

 If a beginner in crypto trading, follow as advised:

-Don't use money you cannot lose
-Don't borrow money
-learn about trading and trading strategies
-learn about trading tools and indicators
- build a plan using a strategy
-Stick to the plan
-backtest
-backtest
-backtest several strategies
-Build a plan
-stick to the plan
-backtest
-Stick to the plan
-backtest
++Do the same steps all over again before starting to trade with real money

Bear in mind,  you should only borrow money if you are sure that you will be able to repay the debt in a short term \ fixed term. And I'm not even speaking about trading.
Given that trading is an extremely risky business it is not advisable for someone with no trading experience to borrow money for trading. It will be like throwing money into a bottomless pit. If you are not an experienced trader, trading will be like playing the lottery. My advice for anyone who is beginning its trading journey is to learn as much as possible and backtest in a simulated environment every strategy until you consistently get profits. After that, one may start with a small amount while trying to apply all the profitable strategies in real trading.


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October 05, 2021, 04:25:16 PM
 #139

 yes its is high risk involved in crypto trading and the loan system there is no gaurantee that you make profits its is based on luck and market position because some time you think that market going well but the same time market is dump at just few minutes and you loss your money as will your loan where you take him
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October 05, 2021, 05:10:17 PM
 #140

Loan in trading is just like a risk because trading itself is also a risk but whenever you are taking some loan for trading then it will be more than that, but you can take a small amount of loan from someone that you know that if you lose that in trading it didn't effect you that much but can give you a profit at least. So, in this case I prefer it.

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