Post
Topic
Board Trading Discussion
Re: If we have great ability, is capital from bank loans safe for us to use trade?
by
BitcoinTurk
on 26/05/2020, 15:19:34 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.

This is a very risky thing and is not recommended by many. Although there are many successful traders, I definitely do not recommend your friend to trade with debt money because nobody can always earn money. Especially when the amount of debt you are talking about is a difficult amount to pay, this situation will wear the person out and stress. My advice to your friend is to continue to trade with his current capital patiently and reach his target by growing his own capital. In the event of a loss of money from transactions with debt, not only material damage but also moral damage will occur, which will adversely affect your psychology. For this reason, I definitely do not recommend doing such a thing.