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RE: Borrow To Trade? - Why It´s A Stupid Idea To Borrow Money For Trading!

in #trading6 years ago

Completely agree there - I have met with people who have been cashing in ridiculous amounts from pensions and savings funds too, as well as borrowing. Investing more than you can afford to lose is a bad idea, but with the current bull market a lot of people have the 'can't lose' feeling. You're right though, the market could turn around in hours.

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The quick money is calling and while some few might succeed with that a lot of people will loose a lot I guess. Crypto trading is pretty much similar to gambling these days!

Yes there will be a lot of losses unfortunately.

It is, unless you're researching extensively!