How wise is it to obtain loan and trade on forex?

[Smiles20]

You cannot be able to control how the forex market is going to go no matter how good you are so it is going to be a bad idea for you to borrow money to trade.

 

[Ofonime6]

Its better you become a professional in trading before you can think of loan.
Loan do help alot because I see so many people collect the loan and start business offline but for online like forex I never support that motive

 

[Lynaia]

I don't think you really need to be advising any teenager about that, you can borrow loan to do it and you should also face the consequences when you lost all the money to forex

 

[frederick_9]

They say that the greater the risk, the greater the potential gain, but I don't suggest taking out a loan to invest in foreign exchange.
It would be sensible to proceed because doing so has a high likelihood of success.

 

[Ofonime6]

I think about this last night but something flashes my mine what if you obtain the loan and at the end of the day you stand a better chance of loss or loss all your money what will be the gain.

Forex is risky and if you obtain loan and start trading you can loss without much stress and become indebted

 

[Sincerem]

Its better you become a professional in trading before you can think of loan.
Loan do help alot because I see so many people collect the loan and start business offline but for online like forex I never support that motive

Loans for trading should not be advised, even the professional traders will at some point lose in the market . you can't get the necessary experience by just completing a professional course to be able to trade the market conveniently with profit. you will need a whole lot of time to learn and gather adequate experience.

 

[Emmy]

Well your knowledge about forex trading will determine your competency of using loan to trade on it because forex trading needs an expert and experience to trade successfully. They already know the features to use in savings their initial investment so as to prevent in the process.

 

[Robert90]

Getting a loan to trade in forex is typically not advised because it might be dangerous. It is feasible to obtain a forex loan; however, the kind of loan you can get depends on your trading background. There are unsecured loans for forex trading, but they are not secured by anything.

 

[Genie01]

To me that's follishnes, if you are not expected to borrow mean and trade with it the market is unrealistic anything can happen, you are expected to deposit your hard-earned money even if you lose it.

 

[Shigobad2020]

Getting a loan and be thinking if usung it to trade in forex is a very bad idea totally because You might loose everything , so instead of that you can use the loan to do a business you won't regret .