Post
Topic
Board Trading Discussion
Re: If we have great ability, is capital from bank loans safe for us to use trade?
by
ScamViruS
on 03/03/2020, 13:39:11 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.

It is not fair to trade with a bank loan. Your friend's trading skills are good. Therefore, you should not trade with a bank loan. There are a lot of risks here. As he trades using his own funds, there is no pressure. When he trades with a bank loan, there will be a monthly installment pressure. And in that pressure, he can make the wrong decision. The result will be a huge loss.