Can you borrow money from the bank to trade forex?
Mitglied seit Apr 09, 2019
538 Posts
Apr 27, 2022 at 09:40
feelsofine posted:
I honestly could never borrow or take loan from anything, let alone even from my parents.
The world revolves around debt. Leverage it correctly and it's a game changer. Sadly the majority don't know how to or abuse it and stay poor.
If you can't spot the liquidity then you are the liquidity.
Mitglied seit Feb 07, 2022
9 Posts
Apr 27, 2022 at 11:02
Sure you can take a bank loan and use it for trading but as most people lose money trading. I doubt that this is a good idea
Mitglied seit Apr 05, 2021
29 Posts
Apr 27, 2022 at 20:05
Of course you can, but I believe it is a bad idea.
Trading is risky!
Trading is risky!
Ask, and you will receive; seek, and you will find; knock, and it will be opened to you.
Apr 27, 2022 at 23:18
Forex trading is a risky business, when you are in worse trades, and use the loan for trading, then will make deep regret on your minds, maybe you will get depression because still must pay the loan and you don't have money, keep obeying golden rules investing in risky business, just spent money that affords to lose, one advantage forex can start with low budget trading like $100 even low $10 can start.
Mitglied seit Jun 21, 2021
33 Posts
Apr 28, 2022 at 08:37
Trading using borrowed is not at all suggested. Always trade with the money you can afford to lose.
Mitglied seit Oct 29, 2020
18 Posts
May 04, 2022 at 07:04
Yes you can borrow money from banks but never ever think of trading by taking loans. The forex market is highly unpredictable and volatile so you have no certainty of anything. It takes years to earn and only seconds to lose so why take risk. What if you lose all the money due to economic disruption or war. What will you do in such a situation? Don't ever put yourself in that hole.
Mitglied seit Oct 29, 2020
21 Posts
May 04, 2022 at 07:28
Yes, you can borrow money for trading purposes on favourable terms. However, in my opinion, you should only borrow money if you are a pro or confident that you can manage the borrowed funds to make returns.
May 24, 2022 at 18:27
you can, but you sure that it will be beneficial? banks lend money for a percent, so you will have to pay a bit more than u have borrowed before.
if this burden won't be so tough to you, and the level of liability in front of the bank won't hesitate u, why not? banks can lend money but you have to explain for what purposes and prove your financial sustainability. If u really wanna start trading but don't know where to get money, ask your friends or closest people. u can pay them back without any fees and percents. it's twice more beneficial as for you as for your friends, because they know that you will pay them back.
if this burden won't be so tough to you, and the level of liability in front of the bank won't hesitate u, why not? banks can lend money but you have to explain for what purposes and prove your financial sustainability. If u really wanna start trading but don't know where to get money, ask your friends or closest people. u can pay them back without any fees and percents. it's twice more beneficial as for you as for your friends, because they know that you will pay them back.
Mitglied seit Dec 03, 2021
1 Posts
May 24, 2022 at 22:59
Why would you take a loan if you can buy a funded account in a prop firm if you had a good strategy?
Mitglied seit Aug 10, 2021
178 Posts
May 25, 2022 at 00:46
i think we should trade by borrowing money. You must have your own money because forex is a very risky business.
May 25, 2022 at 02:33
This is not a good idea to borrow money to invest in forex, although possible this is not recommended because the result today is not guaranteed will get the same result for tomorrow, while you need to pay loan installment monthly or daily basis, while possible risk the fund in account trading not growing even worse margin call account make bad life
May 25, 2022 at 06:38
Maximum of the traders don’t have sufficient trading experience so they should not take loan from bank for trading. Lack of experience makes a trader suffer in the long run. So, traders should hard and soul try to flourish their experience in at any cost. But, it’s essential for a trader to be well learned, motivated and mentally-fit for trading.
Mitglied seit May 13, 2022
34 Posts
May 27, 2022 at 04:45
You can do that technically. However, investing money that was borrowed from a bank into the market is not a smart move at all and should be avoided at all costs. Imo, using leverage is better than borrowing money from the banks.
Jun 01, 2022 at 09:09
You can borrow money from the bank as in terms of personal loan. However, it is best advised to not do so. You should always use your own money to trade, and risk only as much as you are ready to lose.
Even if you have a small capital, you can use leverage from your broker to trade with higher capital. Just remember to use leverage carefully with risk management.
Even if you have a small capital, you can use leverage from your broker to trade with higher capital. Just remember to use leverage carefully with risk management.
Jun 14, 2022 at 06:58
No, I will never borrow money from bank for Forex trading because it is risky and life-threatening. There is no guarantee that you can generate profit from Forex trading and can repay the loan. So, it’s never recommendable to take loan from bank to trade Forex.
Jun 16, 2022 at 10:04
I don’t think I will ever take a loan to trade or recommend anyone to do that knowing that trading is a risky job and there is no guarantee that you will be able to make money from your trades. You must take risks with only that money that you can afford to lose. By taking a loan, you will be going beyond your risk appetite.
Jun 16, 2022 at 10:42
I wouldn’t recommend borrowing money for trading purposes. Forex is a risky market. With a debt in your hand, you could make things worse, as this would put you in more psychological stress. Trade with your own money. If you don’t have money, get a job and save money for trading.
Jun 17, 2022 at 04:49
You can, of course. But it is not a good idea. You should avoid such things. If you lose money, it would be a great loss to you. Instead of borrowing money, start gaining the knowledge and learning the skills required for forex trading and save money for trading. Any kind of loan, no matter how big it is, will increase your risk and put you in more psychological pressure, which could lead to debts.
