Post
Topic
Board Trading Discussion
Re: Taking loan to trade is a risky task
by
stomachgrowls
on 28/09/2021, 18:10:28 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.
If you are already aware with the possible consequences or experiences then why would really proceed though? You dont need to experience it for you to believe on because this is indeed a real life kind of scenario on where

taking up some loan just for you to make trades is really a risky kind of decision on where you do really need up to be profitable for you to sustain up yourself and able to repay those loans aside on having some other

source of income and to say that trading was never been an easy kind of investment for you to do so.Always consider out the difficulty of such situation before proceeding in.