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Questions tagged [close friend]

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Paolo Paolo Mon Jan 13 2025 | 6 answers 976

Should I lend money to a close friend?

I'm considering whether to lend money to a close friend who's in need. I trust this person, but I'm also aware of the potential risks involved. I'm not sure what to do and would like some advice.

Should I lend money to a close friend?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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