Post
Topic
Board Trading Discussion
Re: Should I Get a Loan?
by
Poker Player
on 25/12/2024, 06:24:14 UTC
First thing first I thank to you all for sharing your opinions with me. If I don't lose the base money then yes I can surely handle the loan's interest. But if I lose like %20-30 then bell of chaos is likely to start ringing.

The answer, then, is don't be a jerk. Yes, to take that loan would be to make a fool of yourself. Trading on margin, no matter how much they sell it to you as an easy way to make money from home, is a good way to lose it all. The percentage of traders who are profitable trading intraday and with leverage is close to 0. The more leverage you add, more daily trades or more time frames, the closer it gets to 0. Or if you prefer to put it this way, the more likely you are to lose the borrowed money. Besides, when you borrow money that you are nervous about losing, the worse decisions you are going to make.

If you want to get rich, the easiest way is slow. Save, invest and reinvest.