4 Answers
<p>In my opinion a person should never opt for loan or any money that you don’t afford to lose. Trade with the money which you can afford to lose .take an example if i am trading with money i borrow then the decisions will be altered like ok i have to give back x amount of money in a certain time so i have to make this amount daily to achieve that or when i am trading if the daily target not achieved i will overtrade or if the market reverses and i sense that but my emotions tell me …</p>
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<p><br>If someone think its ok to trade with borrowed funds that too a personal loan!!!!!!!! I didn't think he or she is good in trading in the first place. It’s one of the worst ideas and mostly a one way ticket to disaster. Trade only with money you can afford to loss is one of the fundamental non-negotiable rules of trading.</p>
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<p><br>No, being confident and good trader doesn’t mean being able to generate guaranteed returns substantially more than the personal loan interest rate. Change in confidence level and psychology could be drastic when one is under pressure. Use your confidence and trading skills to multiply your own capital. I didn’t want to answer the question, but then thought perhaps my advice could help someone avoid getting into a trap.</p>
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<p id="isPasted">I won't advise you for that as loans are the mass destruction even if you are experienced trader. I have seen many hedge funds and brokers go bust even they have experience of say more than 20 years.</p><p>Sometimes can be lucky but not every time. Inspite of this, you can get lucky on first trade, but on subsequent trades this won't happen.</p>
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