Post
Topic
Board Trading Discussion
Re: Taking loan to trade is a risky task
by
Hypnosis00
on 28/09/2021, 15:32:53 UTC
It is not a very smart decision to take a loan or borrow money to trade. You are simply putting yourself in big trouble. Because trading could be unpredictable at times and the result of every single trade is unique, so it is possible to lose all your money. You would also be trading with emotions which is what every trader should avoid.
And we don't have to try it, never as this will be the beginning of our problems.
I can figure out what will happen after this and that will lead to a miserable life especially when we only just rely on trading alone. Maybe if we have some sources of income to cover up the payments, that might not a huge problem but still, it was not a smart idea and I dare not do that instead of waiting the time to have enough funds to start.

We have to think first about the consequences it brings back to us, not being too optimistic as we can't escape such reality.