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Thread: Borrow funds to trade

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    Borrow funds to trade

    In the absence of bonus from brokers or forums and you don't have capital to trade, would you borrow or recommend borrowing money from bank to trade?

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    yes I have read about them in ******** but I'm still confused.i have read that determining the right support and resistance is a good method to know when to make an entry and exit.

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    no that will be a stupid thing to do in forex, because no one can guarantee that you'll get profit in forex adn that you'll be able to pay your debt using the profit. It's impossible to measure the future. even if you do have money, it is recommended if the money you have is not the money you use to live your daily life.
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    Quote Originally Posted by janknoah View Post
    In the absence of bonus from brokers or forums and you don't have capital to trade, would you borrow or recommend borrowing money from bank to trade?
    borrow money to trade is the wrong way and dangerous ..
    there is no assurance we will always win in trading, and this business has a big risk ..

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    Quote Originally Posted by janknoah View Post
    In the absence of bonus from brokers or forums and you don't have capital to trade, would you borrow or recommend borrowing money from bank to trade?
    i do not think so that i will borrow money or i will suggest to some one to trade from borrowing money just because of high risk and may be I can return it back or not,. i just want to do the business just free of the tension.

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    i think that for a newbie, it is not wise to borrow money and trade with it...because if he looses that money, then he will suffer more losses and also he will be in more tension and pressure....so i will not recommend it for newbies.....but if someone is an expert trader and he is sure that he can make a good profit with it...then he can take a risk to borrow money and make a profit with it....but still i think that borrowing money for any business is not good...because you are getting some extra pressure and tension for that....

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    Quote Originally Posted by adahidayat View Post
    i think that for a newbie, it is not wise to borrow money and trade with it...because if he looses that money, then he will suffer more losses and also he will be in more tension and pressure....so i will not recommend it for newbies.....but if someone is an expert trader and he is sure that he can make a good profit with it...then he can take a risk to borrow money and make a profit with it....but still i think that borrowing money for any business is not good...because you are getting some extra pressure and tension for that....
    yup, we cannot make forex same as other non virtual business that can grow by borrow capital from the bank. non virtual business usually have asset to manage, while forex isn't. If no virtual business got broke, you still have the asset, you can sell it to cover the losses, but in forex you can't do it, if you lose, you've got nothing left.,
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    I do not think that there is a saying I heard when you want to trade in the Forex trader what you can do without it does not borrow for the Forex, and I think that this statement is true too, because borrowing and non-payment because of the loss will lead you to prison, certainly, and ensures the Forex market even borrow money this is not intelligence

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    i do not really support the idea of borrowing from banks or other means to trade,if you do these it would put you under undue pressure to trade and make profit within a short time so as to pay back which could result in aggressive trading with loss as the end result

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    Always trade forex only with money that you can afford to loose. To borrow or take an interest loan is dangerous for forex traders. Only expert and experienced traders can try such a thing and yet they still have to be very cautious.

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