Have you ever experienced to borrow money for Forex trading?

[ChelseaR]

Yeah.. you are right at some point..
But even without the risky trade, trader will fail at some point If the borrowed interest rate is higher than the earning money from market, So that will destroy the psychology. and the account disaster will start to happen... If we live in a country which doesn't charge any interest for borrowed money that country people can trade with borrowed money and there is higher probability of winning.

Otherwise If a trader trading with borrowed money.. The Psychology section will go down drastically and a time will come to slap himself and asking himself "Why you used borrowed money for trading".

Hint: I've slapped my self lots of times.

Haha, I can totally relate to that feeling. Trading with borrowed money adds a whole another level of pressure and the losses would feel much heavier too. Sticking to your own savings might take a little longer and would definitely save you from the “why did I do this” moments!
Atleast, when your trade goes bad, you can blame it on the market, not the debt…

 

[rmufti68]

There are still some new traders who enter forex trading with a gambling mindset and since they does not have idea about the market conditions, they invest their entire life savings and some also invest borrowed money. Since they does not have any idea about the market and eventually lose money in the market so it is better to take risks to that extent which we can afford to lose.