What if you have confidence in your abilities, but you don’t have enough money to finance your ambitions? Many traders who are successful in the paper trade are willing to trade, but without the ammunition going into battle. One of the best ways to get quick money is to sell some of your toys, gadgets and other themes that you may own, but very rarely or almost never use them. You can sell them at auction on ebay.com and a few days later you may have a few hundred extra dollars that you did not count on. You will want to avoid borrowing from your credit cards. This is too risky and the costs are too high. If you lose, you will have to return this money with 18% -20% interest.
If you have decided to borrow money for your capital to start trading, the best way to do it is to use a personal line of credit. You will pay much less interest and there is no minimum payment other than the accrued interest for each month. Get the money you need with the minimum interest rate. If you can’t afford it without risking your daily expenses, don’t do it. Better safe than sorry is the mantra you will want to follow when weighing the risk of your start-up capital.