Hello!Good idea. At least there must be a way to support new market participants on they trading journey. Have you heard of BluFX? It is a broker that does exactly what you think. It is a broker that supports you financially just as they expose you to the forex markert. You are not given a loan that you have to pay back, but you subscribe monthly for a funded account. All you do is pay a monthly fee the first time you want to subscribe and you are given a funded account to begin trading and for your next subscription, you can pay from your profits. It's that simple! The monthly fees depend on the account size you want, and believe it, the fees are fair. The smallest account size starts from $25k. Sounds good to be true? Go see your self! (BluFX)
There are a few companies which kinda do this. but you have to pay an upfront fee and pass their evaluation.. then they will give you money to trade with a profit split. As you make money for them, they increase the amount. The one I used was called the 5'ers - https://the5ers.com/
Note, i don't have any affiliation to them
A covid bounce back loan was covering up to £50,000 with no interest or fees for a year. The insane thing about the loans it required absolutely no means test, no documentation ie balance sheet, cash flow forecasts etc even bank statements
by far the easiest way to get 50k. I'm not entirely certain if banks are still doing this, but if money is what you're after then it doesn't get easier than this
I don't think it is a good idea. Have u heard of the relevance of emotional discipline in trading? If u try to trade using borrowed money, if u suffer a lose , the concern of repayment will put u in a bad state of mind, desperate to make it back & u could lose all
I don't think it is a good idea either... I see why you would feel the need to do this, it is very hard to start trading if you don't have enough capital to start with. But risking borrowed money can end up really badly.
The only asset where this seems to work well is investing in real estate, then renting it out and paying the mortgage like that, but that is quite different from trading.
Terrible idea ... How could you think of this ?? You should make money trading, not invest in it. It is very risky to take out a loan in order to start trading, especially for a beginner. I am sure that many companies will refuse a loan after learning about the reason, since it is very unreliable for them. It is not known if the young trader will be able to pay off. Perhaps he will not even like to do this and he will quickly give up this venture. It is better to have a base capital, at least small, so that you can start safely. Fortunately, now even your smartphone can make money. If you do not know how to make money on the Internet, then read this article https://iliketodabble.com/best-selling-apps. Although it seems to me for advanced users it will be useless. This is most likely for beginners.