My name is Ion, I am from Romania but I live in Canada. If anyone can help me I would be very grateful. I lost 30k in trading, this money I hardly raised with my wife for 5 years to buy us a house , we have a boy of 1 year and 6 months and expecting a little girl in December, that forced us to risk, because we rent in a one-room apartment, that much we can rent. But for downpainment we needed 50k, so the bank proposed us to invest this money in trading until we make 50k and they accept our loan, but now we have lost everything. We only want the money back, I know it’s hard to believe a foreigner, but I think they are some people with great soul who would understand me, I could do something for that money, I wouldn’t want it for free. If anyone has an idea to help me I will appreciate it very much. Thank you.
Well I’m sorry I dont understand.
Did you do the babypips course? Because you’re in here now asking for help.
Why dont you keep renting, it’s cheaper and you dont need to put a deposit down.
Here’s the best advice I can give you… keep working hard and start saving again. If you ever want to trade maybe come on to this site first and ask for advice. For now, you’re not ready to trade so dont. Maybe someone from Canada can give you extra work. Good luck with everything.
I’m confused, the bank actually told you to trade and risk all you had?
It is really heart wrenching to hear this. I know that you are most probably in a state of shock and panic, but for the sake of your wife, your 1 year old baby and unborn child. Please gather all your STRENGTH and WILL to stay alive for them.
Work overtime if you need to raise more money for household expenses. Cut all unnecessary expenses. If you owe the bank money, negotiate for an affordable and reasonable restructured loan tenure.
Trading is not the way out. 90% of the people fail, it can take years of training. The only way out is to accept your painful mistake and RISE above it. Atone for it, by working hard and saving for your family. Take good care of them the best way you can. Please do not dig another bigger hole out of desperation, by borrowing with interest or using the borrowed money and further wager in speculative activities. It is not worth it. The sooner you stop the speculative activities, the faster you can be free again.
You can still ask around for help, i too have been in your shoes before. But i doubt there will be anyone who can lend you the money. Most people are trying to make ends meet as well. Hope you can be lucky enough to find a benefactor. Godspeed.
As long as you are alive, there WILL always be a WAY out. What will happen to your wife, 1 year old baby and unborn child if you are not around? Imagine that, they will be worse off.
Let me put it this ways.
As enterprenuer i have learned that nobody makes it though life or his career without mistakes that cost money.
You have 2 options.
You can start learning trading, save your hard made money from your job, try again, and still you will fail and lose again more money. It is much more likely that you will fail. Luck plays no role in here, skill plays little role in trading. What you need is a free mind and no worries for money. And you will not have any of that, because you will remeber your losses of the past and you will remember how hard it was to gain the new money again.
Or option 2
Forget your losses, start over again with saving and mark everything down as paid money for lecture. You paid money to learn that this work is not for you. Forget the lost money, it wont come back ever. You open some shop or any business you think will work and your chances of sucess are higher this way than trying to earn your money back with trading.
In my opinion it is easier and better paid to open a business than to try making money with trading.
Nice fairy tale- i want to see the bank clerk who tells his inexperienced customer to trade until he fulfils the banks loan-requiremenys…
Lol mate I dont think hes talking about suicide. The way you talk might convince him it’s the only way out. He was asking for an idea to help him out. I dont think your idea is any good. Lol.
there are people doing account management,why dont you do that and decided to risk all of your money
It depends on your skills how we could help you-
So whats your profession ?
Do you have special skills to offer (or your wife) against money?
Maybe someone here needs your skills and gives you money for usng them?
Tell us a llitle bit about you, its easier to help you!
Are you asking for money or…?
Really?
Are you sure you dealing with a bank?
Thank you for the advice,I will be with them.that’s way I took the risk,i want to do something for them.
I am electrician ,not to many skills ,I want to learn something
No is not about suicide. I’m a fighter,I just need some help.
They actually propouse me,and I accepted,They told me about the risks…but the dream to have my own house was bigger than risks.
Ponponwei anything ,i just want my money back.
What kind of help though?
Ponponwei I don’t know,do you have any ideas?
Glad to hear that.
Unfortunately, there is no shortcut for quick gains. Whatever shortcut for quick gains will most probably be of illicit nature. That would be unwise. Just look for jobs and do more work and save. Don’t be lazy and picky.
Speculative ways is most risky. It is really not worth it. High chance of failure rate. Think of the consequences if you fail again. Can you cope? It seems you can still cope. Don’t dig yourself a bigger hole till there is no turning back. The money lost is a done deal. The sooner you accept this fact, the faster you can move on.
Forex trading is no means for quick gains. No one is going to lend you the money even if they could, and Why should they help? Everyone’s monetary asset are hard earned. It is for their own livelihood, family members or close relatives. No one has extra for a STRANGER.
Kashmaster is right. You need to provide more information, maybe someone here can offer you a job.
And you have a better idea? Please enlighten me. I’m all ears.
Doesn’t make much sense yet, maybe I am making assumptions or maybe we don’t see all the information yet.
I don’t yet see if you have a good reason for anyone here to spend their time reading your story but unless you post the whole story you’re going to get nowhere.