If you get a loan you'll always remain in debts and so getting a loan isn't the remedy of everything but it'll actually slow pace the growth of what you intend to do with the money.
I totally agree. Loans are making our progresses delay because it is trying to pull out the money that we should have put it to ourselves or any venture. But since trading is the topic here, loaning to trade isn't ideal. Trust me, I've seen a lot of people that did this and even investing in Bitcoin, they don't know how to do it right. Leverage they say? come on, they don't know how it will impact their lives when there seems to be an interest and debt waiting for them to clear for how many months or years. It's not just right at all and avoid this if you want to live your life without having to worry. Trade if you want to but use your unused or extra funds.
when using loan for trading people also undermine the fact that it could affect them psychologically making them the worst trader there is with worst decision.
trade responsibly, and I don't think using loan for trading is an act of responsibility instead, it's more like impulsive act, too much risk, too much uncertainty, but what's clear and obvious is, you'd need to get the money back with additional interest on top of that.
sounds like a losing scenario to me, even for the best trader there is with huge potential, because nobody know what market gonna be.
That's right, it's not only affecting their pockets but also them mentally and psychologically. There is this impact that will make you unable to move with what you are trying to do with your next moves. Trust me, I've been there and it's very hard to move with here and there if you've got some loans. And taking one and trying to use it as a capital to trading, that's not recommended because if someone who's good in trading, they should have sufficient money at all from their other trades and profits, correct?