Hi all, Has anyone here ever borrowed money to trade? If so whom would you recomend? All replies and snark welcome. tp
I hear Tony Soprano has cash to lend. The interest rate is high though and unless you like riding in the trunk of a car you darn sure want to pay him back.
Thank you for your elite observation about my status here but its irrelevant to the point of my question. I know for a fact that there are alot of members here who have at one time or another come up short due to circumstances. I am curious as to whom people turn to lean on. I'm personally doing great with my business, but I hate when people ask me for money. I guess that I like to be an enabler.
First depends on how big of trading capital you are looking for. Second, With a min of $5000-$10000 initial capital in a trading firm account, you should be able to borrow margin and have enough trading capital for you to start small....To me, $25000-$50000 is already a good enough account size range to make a living with.... So, ask around... guess if the money you are looking for is small, it is not hard to get. You can get a personal loan from bank or a loan company if your credit rating is good. But make sure the interest is reasonable. But why don't you borrow from your own business ( make sure you have a payback schedule) instead of paying high interest to a third party?