What if you have confidence in your abilities, but not enough money to fund your ambitions? Many traders that have succes in paper trading find themselves ready to trade, but wihtout the ammunition to enter the battle. One of the best ways to obtain some quick cash is to sell some of your toys, gadgets and other itmes that you may own but very seldom or almost never use. You can auction them on ebay.com and a few days later you may have a few hundred extra dollars that you didn´t count on. You´ll want to avoid borrowing off your credit cards. It´s too risky and costs are too high. If you lose, you´ll have to repay that money with 18%-20% rate of interest.
If you have decided to borrow money for your startup trading capital, the best way to do so is to use personal line of credit. You will pay much less interest and there is no minimum payment other than theh accumulated interest for each month. Obtain the money you need with the minimal amount of interest. If you can´t afford it without risking your daily expenses, you don´t do it. Better safe than sorry, is the mantra you`ll want to follow when weighing your startup capital risk.