Should You Borrow Money From a Friend or Bank to Trade Stocks?

This question shows that you are quite ambitious in your journey. It’s a great thing to be so motivated and ambitious!

Friend or Family Member
Normally I am 100% against borrowing any kind of money in order to trade or invest. Especially from a friend or family member – it can bring tension into the relationship. Even worse, the relationship could be ruined permanently…

Bank
Banks are a bit different. You really shouldn’t borrow from a bank to do your trading, because you are likely dipping into your savings or money you live off of. You never want to be forced to live off your trading income – especially at the beginning.

#tradingtips #starttrading #tradingbeginner #tradestocks #borrowtotrade #tradingdept

Posted at: https://tradersfly.com/blog/borrow-money-from-a-friend-or-bank-to-trade-stocks/

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