Better use leverage than taking loans. At least leverage will put your own money at risk and there are margin-calls and stop-out levels preventing unnecessary losses. But when you trade taking loans then you’ll have to pay the loan money and the interest rate levied on that bank loan.
NO. That is not recommended. Forex trading is already a risky market. With a debt in hand, you will put yourself under a higher degree of psychological stress. Even if it’s your parents, don’t trade with borrowed money.
Nope! Never did this. A friend of mine did borrow money for trading, but it didn’t work out. If you borrow money for trading, it doubles the risk and psychological pressure on the trader. Trade with your money, otherwise don’t. Avoid debts at all costs.