Have you ever experienced to borrow money for Forex trading?

Discussion in 'Forex Education' started by SweetPrincess, Jun 29, 2017.

  1. SweetPrincess

    SweetPrincess Trader

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    Do you think newbies borrow money for initial trading?
    Is it only newbies or almost all traders who are addicted to it?
    How about you? Have you experienced it too?
     
  2. Enivid

    Enivid Administrator Staff Member

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    No, that's just retarded.
     
    Joseph Fibonacci likes this.
  3. vicknic

    vicknic Confirmed ProfiForex Representative

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    It is Unwise to borrow money to trade Forex. It is risky even more for a new trader. There is a higher probability that the money would be lost in a short time.
     
    SweetPrincess likes this.
  4. SweetPrincess

    SweetPrincess Trader

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    Yes, I agree with you. We must not borrow money from others especially when trading. Unearned money will be easy for us to trade with. We will not be able to prepare for the risk that we are going to make if we just got the money from other people.
     
  5. renez

    renez Trader

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    It can hardly be called good, considering you're just starting forex trading. I recommend you trade with the sum that you're not afraid to lose.
     
  6. Ary Barroso

    Ary Barroso Active Trader

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    I see, almost all of new traders are so excited for the real trading! Listen, here more than 95% real traders are the losers! So, don’t expect any consistent result without having a pro trading skill! By the way, I used my demo for 1 year before investing my real money!
     
  7. JohnyIve

    JohnyIve Trader

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    I suppose it's very unseriuous to borrow money for forex. Trading is accompanied by risks and and this is the way to life debtors
     
  8. Lesiro

    Lesiro Trader

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    Yes, it is not good to borrow to trade. However, if you are using leverage, that is the same thing as borrowing. But leverage comes at a higher price. So, if you are planning to use leverage, you might as well explore the option of borrowing.
     
  9. Aaronpp

    Aaronpp Newbie

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    I consider it a reckless idea and a bad decision because all the users who ask for a loan to trade at Forex are beginners, that can generate potential losses because they don’t know how to trade, then they will have to return a high amount of money and also interest, the best thing is that to trade with own money to if it is not much, is the surest way to learn when it starts.
     
  10. KingEURUSD

    KingEURUSD Trader

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    A few tips for traders.
    1. Do not use your last money or the money of your family.
    2. Do not buy courses and training.
    3. Do not trust the broker.
    4. Do not use trend and indicators.
    5. Remember that everyone desires your money.
     
  11. Steveday

    Steveday Newbie

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    No i wouldn't consider borrowing money for trading. It could seriously get you in serious financial difficulties, especially if you do not know what you are doing.
     
  12. Petez_FX

    Petez_FX Trader

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    Yeah, don't lend. Really not a good idea.
     

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