Post
Topic
Board Trading Discussion
Re: Trading With Borrowed Funds!!!
by
LastKiss
on 26/01/2023, 02:48:38 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?

Absolutely no, never borrow money from a bank or even your friends to use it for trading. It's really risky and very volatile, maybe you can see 5% gains today but there's always a risk to see a 20% dump next month. In my life, I never borrow any money from my friends or even other lenders to use it for trading or even investing since we can't guarantee our winning.