Some people will never listen if you discourage them from taking a loan, so what I will tell people like that is just to make sure they have source of income first before going for the loan. Make sure you will be able to pay back the loan even if things go wrong, and it’s not going to affect you. If you are going to take loan, then go for a low interest rate loan, don’t be desperate, and you will end up taking high interest rate loan.
Forget about low-interest loans, It is never recommended to take any loans for trading purposes. No matter how low the interest is. Even if it is interest-free loan, I would still discourage taking a loan. You have to pay back what you have taken. People should trade with the money that they can afford to lose. I do not even suggest anyone to trade with their last savings.
If you have a hundred dollars in your bank, go trade with maximum of 30 dollars. You should not go for high amount because you might end up losing it. Future trading and binary trading are gambling. This are a little different in spot trading.