Trading With Borrowed Funds!!!

[Kelvinid]

It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

Irrespective of your trading experience whether amateur or professional I would advise you not to trade with borrowed money. Look for a way and source for your capital yourself. If you lose the money, at least no one will come and ask you to pay them their money but the story will be different if you use borrowed money to trade and everything vanished.

Borrowing money could be a wrong move for many people but I won't say it was totally a bad idea. Because for me, as long as you are capable enough to pay for it, I didn't find it wrong. However, as a new trader, this is not really advisable, yet using your own money can help us think about the responsibility we made from using our hard earn money to a thing that won't give us assurance to earn a profit. In this way, it teaches us to become more careful or cautious with our actions.

[Oceat]

How can you even think of using borrowed money to gamble? To me trading is very similar with gamble with just little difference. It is an absolutely unwise decision to make. Let assume in the process you lost all the money, how would you convince the person? That aside, where are you going to start from?

Trading can be done properly with the help of TA and FA unlike with the gambling you just play with your skills or luck. But for those who doesn't have any knowledge about trading then it's probably the same as gambling since they just bet like relying on luck if they get to win the trade but in the long run it doesn't really help.

Trading while using the borrowed money is an insane decision that involves you with high risk of losing or won't get back those you used as collateral. Stay away from trading if you don't have enough knowledge and don't use any borrowed money to trade - ever.

[xSkylarx]

It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

Irrespective of your trading experience whether amateur or professional I would advise you not to trade with borrowed money. Look for a way and source for your capital yourself. If you lose the money, at least no one will come and ask you to pay them their money but the story will be different if you use borrowed money to trade and everything vanished.

Borrowing money could be a wrong move for many people but I won't say it was totally a bad idea. Because for me, as long as you are capable enough to pay for it, I didn't find it wrong. However, as a new trader, this is not really advisable, yet using your own money can help us think about the responsibility we made from using our hard earn money to a thing that won't give us assurance to earn a profit. In this way, it teaches us to become more careful or cautious with our actions.

As long as you have another source of income like you have work so you will have a monthly salary but make sure that you can pay it without having struggling like you cant buy now food so it means just take a loan that you can still pay. The bad idea would be if you don't have another source of income and a backup plan on how you will pay it then for sure you'll struggle if you lose it in trading.

[rby]

It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

It is a two edged sword.
For you to conceive about trading with a borrowed money, you must first be an expert in trading. An armature or anyone who depends on signals to make profits shouldn't try trading with other people's money.
Speaking about experts, using a borrowed money will make the trader be more careful about the risk management.
They wouldn't want to open trades they cannot control and they will tend to reduce their leveraging.

[Ben Barubal]

It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

     For me, I don't see anything wrong with it as long as you are someone who knows crypto trading you know yourself that you can turn it double or more in a month.

But, if your knowledge of trading is not that deep, it seems to me that it is not a good way to borrow funds and then use them to carry out trading in this industry because the chances are high that you will only be at risk capital you borrow.

[borovichok]

It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

It is a two edged sword.
For you to conceive about trading with a borrowed money, you must first be an expert in trading. An armature or anyone who depends on signals to make profits shouldn't try trading with other people's money.
Speaking about experts, using a borrowed money will make the trader be more careful about the risk management.
They wouldn't want to open trades they cannot control and they will tend to reduce their leveraging.

Trading with borrowed funds is not advisable to start with, it's strictly against newbies who are not conversant with the trading system. There are crucial risks in trading and taking them required risk management. No one can become rich in trading with signals, because they're not accurate, sometimes it goes contrary to the trading position. Experience matters in the space, and it's one of the basic material needed by a trader in other to gain profits and be financially balance in trading.

[iv4n]

It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

     For me, I don't see anything wrong with it as long as you are someone who knows crypto trading you know yourself that you can turn it double or more in a month.

But, if your knowledge of trading is not that deep, it seems to me that it is not a good way to borrow funds and then use them to carry out trading in this industry because the chances are high that you will only be at risk capital you borrow.

But nobody knows crypto trading enough to have guaranteed profit. We all lose here and there, and nobody wins all the time. But it's a big difference when you lose the money you can afford to lose, and when you lose loaned money.

Getting a loan just to try something risky is not a smart thing to do, never! It's not the problem in the risk, it's the problem in consequences if you lose the money you don't have... why would anyone want to do that!? If you have enough money for the risk I say why not, but if you are on the edge already don't make it worse, life is not a movie.

[Franctoshi]

It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

"irrespective of trading experience" ?, This is totally bad to even begin with , it's even risky for an experience trader to trade with borrowed money let alone someone with little or no experience in trading. Categorically you should just avoid borrowing money to trade because it definitely gonna put you to be trading on high pressure.

[Crypto Library]

It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

Trading by borrowing fund ,there is no  difference between the stupidity. In my opinion the first rules of trading is invest as much you can effort to loose But here this rule is being broken. And this is not a proper way to start trading, to start trading you need to acquire knowledge about it like chart analysis and learn to read candlesticks. And I don't think it would be wise to go into trading before that.

[Fatunad]

It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

Trading by borrowing fund ,there is no  difference between the stupidity. In my opinion the first rules of trading is invest as much you can effort to loose But here this rule is being broken. And this is not a proper way to start trading, to start trading you need to acquire knowledge about it like chart analysis and learn to read candlesticks. And I don't think it would be wise to go into trading before that.

Even it do sounds stupid but there are people who do actually such move which they are really tending or having that decision that borrowing up money just for them to have some capital.
Some do know the risk ahead and some are just not that mindful and just too focused on trading and would mind the problem later on, but just like on what everyone is telling on here
that if you dont really like for yourself to be that making some problems in the future o how to repay those loans or borrowed money, then you should really avoid
this step and its better to make use of your own money even if its small but try out your best to make it big.

[isaac_clarke22]

~

Eh? I understand that you might consider yourself guaranteed to earn double of what you borrowed, but you know that crypto prices fluctuate right? I am not going to risk my borrowed funds to just be heavily encounter a lot of loss when I invest it to crypto.
Some people are mentioning credit score improvement, but I would prefer just saving my own sanity and my money and just loan whenever I "really need" to rather than be "forced to".

Not going to choose to end up being buried in debt like my old friends.

[Issa56]

It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

Thier are people that do borrow money to invest, but to me it's not really a good idea, no investment is safe, you can lose money any moment, some people that do invest in altcoins, the coin crash at any moment, so anyone trying to invest in crypto, they should always invest in bitcoin and have rest of mind.

What if you borrow money to invest in bitcoin and when you are suppose to pay back, Bitcoin price is still down, are you going to sell at lost then have to look for money to pay back your debt?

To be honest I won't recommend anyone to borrow money to invest, if you want to have rest of mind, invest your own money and always invest any amount you can afford to lose, because you heard people talking about investment then you are also going to invest all your funds, things are not really done like that.

[rby]

It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

It is a two edged sword.
For you to conceive about trading with a borrowed money, you must first be an expert in trading. An armature or anyone who depends on signals to make profits shouldn't try trading with other people's money.
Speaking about experts, using a borrowed money will make the trader be more careful about the risk management.
They wouldn't want to open trades they cannot control and they will tend to reduce their leveraging.

Trading with borrowed funds is not advisable to start with, it's strictly against newbies who are not conversant with the trading system. There are crucial risks in trading and taking them required risk management. No one can become rich in trading with signals, because they're not accurate, sometimes it goes contrary to the trading position. Experience matters in the space, and it's one of the basic material needed by a trader in other to gain profits and be financially balance in trading.

Experience is very important in trading. It is the accumulation of experiences that gives a trader the confidence to make profits and the guts to control self when in losses.
What makes a good trader is not to make profits, also how well you manage your loses is also a factor to consider.
Generally, trading with borrowed fund will have the tendency to force the trader into unnecessary pressure when profits is not coming as expected.

[lienfaye]

It is true that some people have become rich through crypto trading in the recent times.

There might be people who managed to become rich as a trader but it's not easy as it seems. Because there are also people who got wrecked for failing as a trader and not able to handle the aftermath.

But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

It's not advisable. If you want to experience the real deal in trading then start even with small capital. So it's not a problem even the result is not good since you didn't borrow your capital. Trading is risky and similar to gambling if you don't know what you are getting into.

[Inwestour]

It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

I don’t know how confident you need to be, to trade with borrowed money, even if you get lucky once or twice, it can’t be repeated all the time. By the way, I have not seen many examples of people who were able to get rich thanks to trading, this is a very difficult job, and according to statistics, only a few percent of traders earn money, the rest only lose money.

Trading with borrowed money, even for experienced traders, is a very risky business, and for people with little experience, it will be an almost guaranteed loss of money. In this case, the risk of losing everything will be so great that I would rate the chances of success as zero.

Try to set aside a small amount for yourself to trade and see how successful you will be, will you be able to earn something, or will you lose everything? If you manage to make money, then try to save a little more and try again, as each time if successful, your deposit will become larger and you may not have to borrow.

[YOSHIE]

It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

So, what do you think is a job that has no risk in this world, you want to take on crypto trading without barriers and risks, it's impossible, that's where you have to be wise and knowledgeable about crypto trading, so you don't get caught up in a loss on your borrowed money.

Everyone is free to do anything from borrowing money, business, crypto trading and other venture capital, bottom line: you take loan money, you have to be able to think about how you can make a lot of profit every month from that money, because you have an obligation to cover interest and so on.

[posi]

It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

Borrowing money for investment or business is often discouraged and even more risky when we enter the market that is considered the riskiest.
All depends on you, if you have a job or another source of income and you can be sure that if you can't make a profit from trading and still can repay the loan, then it won't be a problem to get a loan. But if you have no other source of income and you think trading can help you pay off your debt and make money, I think I will disagree with you. It is very risky because trading is not guaranteed to be profitable, even if you are a good trader.

[abel1337]

It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?

Borrowing money for investment or business is often discouraged and even more risky when we enter the market that is considered the riskiest.
All depends on you, if you have a job or another source of income and you can be sure that if you can't make a profit from trading and still can repay the loan, then it won't be a problem to get a loan. But if you have no other source of income and you think trading can help you pay off your debt and make money, I think I will disagree with you. It is very risky because trading is not guaranteed to be profitable, even if you are a good trader.

It will all depends on the business you are running. Business owners has different takes about borrowing for business. Borrowing to start up a business is personally not my go to if ever I want to start a business. I believe that businesses should only borrow money from other if their business is doing well and the purpose of borrowing should be for the expansion and growth of the business. But over all business, investment and trading is different if the topic is about borrowing. The risk is too high if we borrow for the sake of investing and trading. Even experienced traders and investors don't recommend borrowing.

[blockman]

It's not advisable. If you want to experience the real deal in trading then start even with small capital. So it's not a problem even the result is not good since you didn't borrow your capital. Trading is risky and similar to gambling if you don't know what you are getting into.

It's never been advisable. But, there are probably people that have been doing that just for them to think that they're lucky enough to trade and will return the money eventually afterward.
It's easy to think like that but you'll never like what's going to be the actual situation when you're in it. Because random trades do happen and random losses also come based on how you trade.
Trading has never been easy in reality and coming up to the market with borrowed funds, you better not do that and return the money to the owner or don't ask for it.

[kawetsriyanto]

I don’t know how confident you need to be, to trade with borrowed money, even if you get lucky once or twice, it can’t be repeated all the time. By the way, I have not seen many examples of people who were able to get rich thanks to trading, this is a very difficult job, and according to statistics, only a few percent of traders earn money, the rest only lose money.

Not sure how many traders can earn enough profits but earning profits is real and very possible.

Sure, not every time we can earn profits in trading. There should be losses, there should be a bad time to trade. Moreover, during this bearish season, the market trend isn't very friendly, sometimes there are big drops and we can't avoid the losses. If we use borrowed money, we don't only get losses but we also can't return the debt.

Trading with borrowed money, even for experienced traders, is a very risky business, and for people with little experience, it will be an almost guaranteed loss of money. In this case, the risk of losing everything will be so great that I would rate the chances of success as zero.

Agree. Even experienced traders can get losses, they are also very risky to use borrowed money. I can't imagine if newbies trade with borrowed money. Maybe the chance to lose the money is around 90%, only 10% chance to succeed. If they continue trading with the borrowed money, it may end up with losing all the money and being trapped in a debt.