Post
Topic
Board Trading Discussion
Re: Taking loan to trade is a risky task
by
perfect999
on 28/09/2021, 18:51:22 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.
Loan mean you are not in good financial position so its already not good idea but after taking loan you want to do trading mean double risk just because of this you can check here on this thread mostly peoples feeling its not good idea because this can ruin your life forever or for very long period if you want to do then surely try with some small amount or first try to have some savings then you can jump into this because this crypto market is volatile, and any wrong move can bring you in deep trouble the best thing is just invested which you can afford to lost otherwise just enjoy from sideline is better.