Post
Topic
Board Trading Discussion
Re: Trading With Borrowed Funds!!!
by
Strongkored
on 26/01/2023, 02:31:17 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?
I know the answer is definitely no because the pressure will be very different when using your own money compared to borrowing, especially if the borrowed money has interest that must be returned, there is a very large chance that it will make life more complicated and experienced traders will never do that because understanding the big risks in trading where losses and gains are equal in size.