Post
Topic
Board Trading Discussion
Re: Should I Get a Loan?
by
Bushdark
on 16/03/2025, 10:47:09 UTC
However, one suggestion is that if you can repay the loan or borrowed money on time, then you can take a loan if you wish, but if you cannot repay the loan on time, then you should definitely refrain from taking a loan.

Before taking the loan you'll have all the believe that you can replace the loan in time but after taking the loan and you make one mistake from any of your trade, you'll become anxious and you'll begin to make wrong decision, making you to lose all the money you have borrowed. There are some people that are very good at managing risk and they'll be making profits and getting more money when they handle people money but not everybody can do that hence you shouldn't think that you can get the same result as them but keep to yourself when you're out of capital and only resume trading again when you have gotten some money of your own that isn't important for something different than trading. Trading has no certainty because the market moves on it's own without anyone controlling it.

That's how it should be, It's hard to borrow and you'll have a hard time paying it back in the end, though it's not bad to borrow. But there are other borrowers who use the money they were loaned to in the business they want.

If this is the case, it can be said that this is a wise decision or plan as long as they can manage it correctly and grow the business they will actually do.
I don't always support the idea of getting loan because it could become a problem when the source we intend to use to pay for the loan eventually get dried. Loan can help us to grow our businesses, that if we have a business to grow amthag could yield more profits but it would not be good when we are getting a loan without having a genuine source of income to pay back the loan.
We could make money and pay back the loan but this only happen to 70% of all loan takers. It is never advisable to go get a loan just because you want to trade the market.