Post
Topic
Board Trading Discussion
Re: Should I Get a Loan?
by
Victorybit1
on 27/01/2025, 18:20:47 UTC
Well, my advice to you is to work for a while and raise the money you'd want to use to trade. Borrowing money to do this is actually a bad idea unless you have a plan to pay back in case it doesn't work out as planned. As traders we all have our strategies that works perfectly fine for us but that doesn't mean you should always expect them to work, the market is full of surprises and at any time you should be ready to incur losses. Ask yourself, is this risk worth taking? Would you be able to deal with the consequences of defaulting when you fail to pay back the loan?