Have you ever experienced to borrow money for Forex trading?

hk_09

Trader
Oct 30, 2020
86
12
9
37
I would prefer to stop trading for a while, rather than borrow money and trade. A big no for me.
 

forexking

Newbie
Feb 15, 2021
28
3
3
31
Borrowing money is not a great option. Predicting the market is a tough task. So you can’t be sure that you’ll make profit by investing the borrowed money. So it’s always better to trade with your own money.
 

Jerry_Ken

Trader
Dec 11, 2020
57
5
9
31
Well this is something you should never do. Invest only that much capital which you can afford to lose in forex. Its not certain if you'll be able to make profits from the money you've borrowed in which case you'll be under debt and hence devastated to have take such a decision. Always better to tarde with the funds you have or dont do it at all.
 

inggo

Master Trader
Jan 13, 2012
493
12
59
Philippinese
"only invest what you can afford to loose" this is a unofficial rule in any investment, and no never borrow just to trade especially if you dont know what you are doing.
 
Aug 5, 2021
78
7
14
26
Not a good idea to borrow, although I’m sure a lot of beginners have done so. Still, it isn’t good to go into debt because you’ll have to dig yourself out of it. Plus, if you do badly at trading, then you’ll have to find another way to pay those people back, or continue borrowing in a cycle and lose more and more. I think a good rule of thumb is to only invest free money that you have…meaning no using money that is meant for bills or to live on, only extra spending money so that you don’t go into debt.
 

sunar14

Trader
Jan 17, 2021
47
4
9
27
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?

Your broker makes short-term loan to you when you trade with margin. However, without leverage FX trading makes little sense because of measly returns.