Post
Topic
Board Trading Discussion
Re: Trading With Borrowed Funds!!!
by
Shinpako09
on 13/01/2023, 07:49:04 UTC
It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?
It depends if you are already an experienced trader but it doesn't make sense. If you are good at trading, it means you have made a profit already. So, there is no need for you to borrow but since you need to, it means you have zero to little experience. Then, borrowing will not do you any good but cause you more harm. You'll be in debt sooner or later. You should use what you have instead.

Also, your state of mind might get affected during trading since you are using borrowed funds. It's like you are in a do-or-die situation.