Good day everyone on this beautiful forum.
We all know how trading can be for everyone , everyone is there to make profits (money) , but the fact some people can go to length in using all they've ever had to trade is mesmerizing!.
Some even go as far as getting loans , borrowing from friends so they could trade, or invest in some altcoins..
The same apply to other things like sports betting, gambling and all of them.
I had a friend who took a loan from the company he works for , about 30,000, which would then be deducted from his initial salary.
He then went on to use this money to trade , now psychologically he was just not ready for it because his whole mindset was just about making a huge amount of money that he ended up loosing everything.
So my advice to people who hurrily invest and use all the have is that the market is never running away.
Do not stake your all! Be patient follow guidelines, learn how to trade safely , thank you!
I think that if your friend really took a loan, he probably didn't put all the money he borrowed into trading. Also, if he invests all the funds he borrowed in trading and he has extensive knowledge in trading that he knows he can grow the fund, I think that's fine.
But if he still lacks knowledge in trading, he will put it in the exchange; that is not ideal and a good way to grow and get profit. And if I had an understanding of trading, I would not have invested all the money I owed in trading.