Post
Topic
Board Trading Discussion
Re: If we have great ability, is capital from bank loans safe for us to use trade?
by
Kelvinid
on 03/03/2020, 13:11:15 UTC
I have a friend who has quite great trading skills, almost every trade he manages to make a profit. But I see he always uses capital
under $ 500.If in my opinion he should use a large capital of at least $ 5,000 to get greater profit. I suggest to him to borrow from
the bank as trading capital, but he refused with the reason too risky and insecure. I want the opinion of you members of this forum,
whether to use capital from bank loans unsecured and risky if used trading by traders who have good skills? even though in my opinion
safe as long as we can make a profit and smoothly repay loan installments to the bank.
And you can't underestimate the risk to be followed in acquiring such loans from the banks.  Such a thing you can't avoid when you are in the trading field but if your friend has that kind ability, then why not have to try it. But I could suggest that not to borrow for that big amount, it is getting safe if we just started at a small amount.

As we know, crypto trading won't work that easily as many others think about it at first. If he was able to make good and profitable with a small amount, then it was time to increase his capital and make additional bank loans.