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What if we trade with loan money? in Forex Education_68922e7c602bf

What if we trade with loan money?

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Vernalta

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We have to be able to differentiate a trading business from a conventional business. If you run a conventional business, maybe you need a loan to run it, maybe you can borrow from a bank, maybe you can borrow from an individual or maybe you can borrow from a cooperative, but when you do forex trading. You should not use borrowed money, you should use your own money, even if it is small, you can use a micro account. You can use a set account, so make sure you don't use borrowed money to trade.
#661 - November 14, 2023, 02:05:24 AM

Dyandra

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If you can, it's better not to use your own capital. Even though it's only 5 dollars, you can use a micro account in this case because using borrowed capital you won't be able to use it consistently.
#662 - November 15, 2023, 01:20:32 AM

Vernalta

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It's best not to, because after all, when you use borrowed money, it's not an investment, you should use your own capital, even if it's small, it doesn't really matter or you can use your parents' capital if you really want to.
#663 - November 16, 2023, 05:23:14 AM

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#664 - Today at 09:43:54 PM

Dyandra

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It's better if we don't use debt capital to trade, even if it's only 10 dollars or 20 dollars. We should use our own capital because it's more important for us and that's the thing I don't like the most when we're in debt.
#664 - November 17, 2023, 03:32:53 AM

Vernalta

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I have already said that don't do it using debt, that is the wrong thing. In my opinion here, when you trade, you have to be able to do it yourself, remember trading in your own way using your own capital
#665 - November 18, 2023, 02:58:35 AM

Dyandra

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In my opinion, the point here is don't because it will be very dangerous for you and of course you won't be able to make a profit using that debt or borrowing capital won't make you comfortable or calm in your analysis.
#666 - November 19, 2023, 03:36:37 AM

Vernalta

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When you use borrowed money, I think that is the wrong thing because after all, when you use borrowed money it will actually make it more difficult for you to get big profits and you won't be able to focus well.
#667 - November 20, 2023, 03:29:20 AM

Dyandra

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The point here is that you should never use debt when you trade foreign exchange, use it yourself, even if it is small, but when you lose, you will be comfortable and not be burdened with paying back the debt.
#668 - November 21, 2023, 03:55:25 AM

Vernalta

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In my opinion, if you borrow money to trade forex, I think it's best not to do it unless you take out debt, use it for a conventional business, a real business, that's not a problem, but if you borrow money to do Forex trading, I think don't do it. You can use your personal money. even though it's small. Because now trading can be used with small capital, so I don't think you need to go into debt
#669 - November 22, 2023, 03:03:11 AM

Dyandra

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If you can, maybe don't. But if you can return the capital to the owner, that's no problem. Let's just say that you are learning to be an investor because managing other people's money is difficult, but if you are afraid, it's better. My suggestion is that using your own model is better, more comfortable and calmer. .
#670 - November 23, 2023, 02:23:45 AM

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#671 - Today at 09:43:54 PM

Vernalta

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In my opinion, it's not necessary. You can try it yourself with your own money. You don't need too much to start trading, use 10 to 50 dollars.  I'm sure you have money if only that much because if you use your own money when you fail you might be disappointed but you don't owe anyone
#671 - November 24, 2023, 03:28:31 AM

Dyandra

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using borrowed money to trade is something that is wrong when you do forex trading activities. You try to use your own money. Try to use your own capital because in my opinion that is the most comfortable thing for us to benefit from.
#672 - November 25, 2023, 03:27:29 AM

Vernalta

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I don't agree with having to do something like that because borrowing money to trade foreign exchange. In my opinion, it's a big risk, so whether you like it or not, you have to use your own money for the first time.
#673 - November 26, 2023, 06:31:39 AM

Dyandra

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When you use debt, in my opinion, it is a mistake. However, when you trade, don't use debt, it will worsen your results if you fail.
#674 - November 27, 2023, 04:23:55 AM

Vernalta

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If you use borrowed money to trade, it's not recommended, it's not impossible, but psychologically, when you fail, you will automatically be in debt back to the debtor, so it's better for us to use our own capital because psychologically, when we fail, we will still be in debt.  Calm down because you don't owe anyone anything
#675 - November 28, 2023, 01:53:59 AM
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