Quote from: Kelvinid on March 03, 2020, 01:11:15 PM

Quote from: yupi84crypto on February 28, 2020, 03:19:01 AM

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.

This would really need some serious consideration if you do plan to take a big loan from banks.Come to think that you should able to
repay those loans in a particular or exact due date to avoid penalty problems or else you would really make yourself submerge into
a deep debt.

I cant say it is safe but its also one of the way on extending out your chances on making more profits but this will all depend on
how effective your are or profitable into your trades but if you arent sure on your skill then better not consider this option.