Taking loan to trade is a risky task

[CryptoboyRamesh]

The joy in trading is when the money which is been used to trade is owned by the trader. Normally trading is something that is unpredictable, one can't really know or see the outcome if it will be a big loss, small loss or big win, small win. When money that is been used for trading is owned by the trader if there should be loss he may not too feel about the loss, unlike when the money which was been used for trading is borrowed,  in a case whereby the person do not have good source of income.

I know someone who started how to trade about four months ago. He is a beginner in trading, I don't really know how good he is, but to him he may feel he can always make earnings. I think he was so confident in himself, he had to borrow money for trading which he could not make good profit. As a beginner borrowing money to trade is not the best. It is not even advisable to use all the money one has to trade or invest talk much of to borrow to trade.

[gardentalk]

It is not advisable for someone to borrow money. It is like borrowing money to gamble. If you're just going to put that at risk without any guaranteed return.

Please, don't do that and don't use others money for it.

Because there is no guarantee.

[CryptoboyRamesh]

It is not advisable for someone to borrow money. It is like borrowing money to gamble. If you're just going to put that at risk without any guaranteed return.

If a trader is looking to borrow money they either have insider information or they are really good traders, only in these two scenarios it probably won't be as dangerous to borrow money for trading.

But for anyone else outside of these two brackets, just don't borrow money as this is a super risky move where you might end you owing a lot more because trades can be unpredictable at most times and without proper skill and knowledge it would be hard yo make profit - also you don't want to be relying on luck either!

[pezza]

I definitely would not recommend borrowing more to trade. You should only ever risk what your are willing to lose in the first place so if your trading with borrowed money it's a lose lose situation. Build up from a smaller balance, you'll learn more as a trader and it will far more of an achievement.

[indianCrypto]

Borrow money if its sure profit but in trading, there’s no guarantee on this so its really risky but if you are ready for it, then why not as long as you can still pay that money you can really borrow. Its like putting up a business where mostly borrow funds from the banks, and they are paying it you just have to know the strategy in trading, and always do your best.

[cashisking86]

Kamikaze at best borrowing money to trade since there is no guarantee you will keep the capital let alone turn a profit.

[talk]

Actually i would not like to trade in crypto currency by taking loan. It is a high volatile currency. Any time anything can be happen that make you so rich or at the bottom. So i always suggest to evey one that don't try to do it. If you are financially freedom then no problem but borrowing or lending is not good for trading crypto currency.

[intrade]

Borrowing money to trade, especially on margin, is never a good idea.
Being skint is hard enough already but being in debt is much worse.

[Selino]

Borrowing is possible only when there are clear calculations for the repayment of the debt. You can only invest in an event that allows for a certain amount of luck using your own funds. The same applies not only to trading, but also to investing. Therefore, it is better to invest in promising new projects such as Muzicoin.io. Muzicoin is a technology created to develop the global phonographic market, with the concept of distributing cryptocurrency rewards through music and interactivity on the Muzi platform. The IEO of this project is currently being held on the Coinsbit exchange.

[HeavLeighGill]

It's a bad idea to borrow money for trading. You're never guaranteed to make money and if you lose it all, you've actually lost all that money you didn't have twice because it has to be paid back now out of pocket. Only invest your own money that you can afford to lose.

[WalletInvestor]

I am also on the opinon that taking out loans for trading is not advisable. One common saying in trading is "only risk what you can afford to lose", and this is especially important when you are a beginner. Risking borrowed money means you can't afford the risks.