Don't Ever Think About Collecting Loans to trade - Page 2
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Thread: Don't Ever Think About Collecting Loans to trade

  1. #1
    Trader Sixteen's Avatar
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    Don't Ever Think About Collecting Loans to trade

    Forex is a profitable business we can invest and make good returns but it does not look that easy. Some traders make one mistake in forex and this is looking out for loans to facilitate their trade. I tell you this might be dangerous considering the fact that forex is a risky business. You might say that you don't have money to invest but it's better to save up some bucks and trade than borrowing to trade. Illustrating futher, I will list out the both advantage and disadvantage of borrowing loans to trade forex

    ADVANTAGES :
    * Loans could give you an opportunity to have funds to trade forex.
    * You can make profits from it and repay back leaving you with your profits which you can trade with.

    DISADVANTAGES :
    * Most loans comes with interests and as a trader you must part ways with some of your profits to the person that grant you loans all in the name of interest.
    * it could cause you emotional trauma especially while in loss.
    * how can you repay back loans you borrow when you looses all while trading.
    * you hardly have rest of mind and could make deadly trading decisions just to see if you can breakeven.
    * Borrowers hardly last in forex.

    As you can see you can agree with me that the disadvantages outweighs the advantages of borrowing loans to trade. I will like every members to discuss ways loans could affect a forex trader and provide solutions for how those who don't have money to trade can raise money. Thanks.

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  2. #11
    Trader techboy's Avatar
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    Quote Originally Posted by Earnperfect View Post
    The most important thing is knowledge buddy, if knowledge is there only then we can do trade with our own pocket money and from loan money. Regarding disadvantages I don't have any idea because I think that there is only benefit in forex, because all experienced trader's are making huge from this business. Only those who don't have enough trading knowledge and experience they can get problem here.
    What is important here is the readiness of the trader to make good trading decisions and how profitable a particular trader is? because if we are not yet ready and dont have the ability to make profitable trades then we will just be wasting money whether its from our own pocket or from a loan.

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

  3. #12
    Trader Sixteen's Avatar
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    Quote Originally Posted by techboy View Post
    What is important here is the readiness of the trader to make good trading decisions and how profitable a particular trader is? because if we are not yet ready and dont have the ability to make profitable trades then we will just be wasting money whether its from our own pocket or from a loan.
    The knowledge is very important and I agree that if you can't be able to make good trading decisions, it's obvious you will be loosing money. But in terms of risk management, its wise never to borrow money to trade. Any borrowed funds must be paid back and so if you borrow to trade and the market go against you no matter how good you are, it will be a painful thing to bear once you loose everything. In forex the best way to live happy is to make sure we have a good management plan.

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  4. #13
    Trader lawners1791's Avatar
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    Quote Originally Posted by Sixteen View Post
    * You can make profits from it and repay back leaving you with your profits which you can trade with.
    yes as the trading plan should gives with the details as those had with the limit on risks and target to close with the manage of plan to leaves with the good limit on difference to gives of returns on profit with the decision as trader run to work of the trading jobs with the good terms.

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  5. #14
    Trader Sixteen's Avatar
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    Quote Originally Posted by lawners1791 View Post
    yes as the trading plan should gives with the details as those had with the limit on risks and target to close with the manage of plan to leaves with the good limit on difference to gives of returns on profit with the decision as trader run to work of the trading jobs with the good terms.
    I barely understand what you said but as per trading plan, a trader can have it and still make losses. So collecting loan to trade might be risky enough and it will be very wise we look on the means of improving good in our trade and try to generate capital for ourselves to trade. Once we can be able to trade good and come up with our own funds, we will be discipline and can control our emotions to trade rather than trading borrowed funds.

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  6. #15
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    Quote Originally Posted by techboy View Post
    What is important here is the readiness of the trader to make good trading decisions and how profitable a particular trader is? because if we are not yet ready and dont have the ability to make profitable trades then we will just be wasting money whether its from our own pocket or from a loan.
    Sir, it is never easy the way you have explained it. If you have money from your own pocket, you will have a lesser emotion and feelings attached to the money. Just like if you have the money is much more and you use like 0.5% of your savings, you will not feel any emotion with it, but if it is 95% of you saving, you will be emotional. And acceptance of loan to trade is much worse.

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  7. #16
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    hehehe, collecting loan to trade is a big mistake for traders, it is not nice for them to make money through forex. the loan will not make the true self of the trader to be working, he will be fearing and badly affect in forex trading. this is not what i am willing to risk, i will rather not trade than to get loan to do this very risky trading.

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  8. #17
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    Its likewise precarious plus not sure in addition. Its under no circumstances your intelligent element to get potential traders to think about acquiring capital with the loan company when financial loan so that they can commerce the following precarious sector, its under no circumstances of great benefit. Foreign currency potential traders really should be perfectly follower of rules plus find out what a foreign currency business's ethic incorporates plus just what exactly this doesn't really want.

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  9. #18
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    collection of loan to trade is not a wise idea for trader of forex. when thinking about forex, you will know that it is not giving money the way it should to trade that do not collect loan, how much to the trader who collect loan? they can not have a clear mind with that and will want to be thinking of the loan and how to pay the interest back.

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  10. #19
    Trader lawners1791's Avatar
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    Quote Originally Posted by Sixteen View Post
    Most loans comes with interests and as a trader you must part ways with some of your profits to the person that grant you loans all in the name of interest.
    yes those to focus as trader to manage with the good disciplnes on preparing the best on entrance as running of secure with the manage on haunting of returns of profit as planning on schemes to repay the loan from the lender with the rest to keep on helping of covering expense and fees as managing works.

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  11. #20
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    Trading with your own money is more peaceful and therefore you can control your emotions more better than when you have the amount of money that you have attained through loan been used when trading, you will not be able to concentrate, therefore you will be scared because you might loss the money which apparently is the amount of money that you can not afford losing. Therefore we need to trade with the amount of money that we can afford losing, that I think is the rules to being successful trader.

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