Bitcoin Forum

Hello,friends
The question concerns experienced traders with a long experience of both wins and losses
Why did you decide to start trading one day?
Why do it,because there is long-term investing,mining or the possibility to do other business,including offline?
Who gave you this idea?
Did you start doing it to have an extra income or did you decide to devote your life to this business?
Maybe you are a former Wall Street trader and decided to start working for yourself,having a long experience in trading?
Any stories will be read with curiosity

-Regards

Why trading? Because it can give you profit while just sitting on your home or doing your work by just purchasing potential tokens and wait for it to pump. You just need time for trading in able to have profit while you can still do your work and still earn at the same time without doing extra job done.

I start trading after being interested on the volatility of the crypto market back on the days when I’m still fresh graduate and very eager to find a good source of income.

I’m only trading on spot market that makes me less pressured when the market is going down because it only gives me paper loss unless I sold my holdings. I’m usually busy at my work so I don’t check often times my holdings.

I am not a regular trader but I do trade occasionally and doing it since a long time now. The only reason behind trading is to make profit. What else could be the reason? It's always good to have an additional source of income besides your regular job. You can save some money and fulfil your dreams with it. Who doesn't want extra money?

I do have a background in the stock market but the experience in crypto is very different. I still do stocks but mostly do it for long term. In my experience, I have faced both losses and profits but the crypto market is even more uncertain. I follow one thumb rule while trading - I don't do margin trading. I can't loose more money than I can afford!

Having a business offline or being a long-term investor will not stop you from learning to trade if you have an interest in it. Trading can be another source of income for you to improve your standard of living, and it is often said that the best traders are people who are not trading under pressure, depending on only one source of income, but people who have other sources of income but just want to explore the trading environment.

Mining could have also been the choice of many people, but due to its cost-intensive nature and other limitations, many people cannot easily get involved.

Your decision to become a trader has to come from a place of personal conviction because you have to be sure that it is something you want to do before you get involved.

Do not adopt the idea of trading from someone else simply because you like it; the person from whom you adopted the idea will not handle the losses with you.

I am not an experienced trader but I will also not consider myself a holder at the moment, let's call myself a simple trader with a little more knowledge than a newbie. The thing is, those who decide to trade one day, they actually see something in it, like the potential it gave, the freedom it gave, and the returns it gave. For example, we can go anywhere in the world and still can perform our traders. But if we are in a corporate job we have to go through various problems, like toxic environments, long hours, lesser output etc. etc.

But if the same potential of IQ is given to trading a trader can make much more than they are making in a year. Trading is obviously better than holding as in holding we need more funds but in spot, we don't. We also need more funds in mining while the competition there is very high, so still trading takes a plus point here.

The first knowledge I got about trading was not really about crypto trading but about forex trading.Some years ago, there were many forex brokers that came into our country. They started to organize different free seminars, and I have attended those seminars twice. After then, I grasped the knowledge of forex trading, and I was introduced to the "Binomo Trading Broker." I learned to trade there on a demo account. Later, after I became familiar with crypto and CEX, I used the trading knowledge I gained from forex trading to start trading in crypto. I actually took the decision to start trading because of the idea of making a daily profit from the volatility of the crypto market. 

Trading doesn't stop me from doing other businesses or having other jobs. As a matter of fact, I have my own business and also have a marketing job with a finetech company in my country. Trading is cool and allows you to do other activities but the risk is high. If you want to become a trader, you must properly learn all the important aspect of trading.

I had a lot of time to myself and I thought it would be worth exploring. It turned out to be something interesting and challenging at times. I love challenges, and it has been some good numbers of years now when I am trading.

Side income was an added bonus in the beginning.

Long term investing is good when one does not have enough time to trade daily. I do have part of my portfolio on long term
Mining requires some up-to-date hardware and also continuous maintenance. Also, the electricity cost in my jurisdiction makes it unprofitable.

Basicially just from reading articles, watching videos and documentaries.

Extra income

When I started, I was just completely new to the game.

Because new opportunities to get some earnings by investing at in my house with only my device.
Actually my earnings are fully based on crypto and currently I am doing some long-terms investment with the bitcoin and polygon matic. For not being expert on analysis I actually don't do much short-term trading but continuing my btc investment and I have also plan for the physical business in the future.
In the beginning time when I am in this world my plan was for only extra income but now it's changed to full-time.

It comes naturally when you started to invest on this market, you will have to deal with it whether you like it or not. So, it's much needed for you to do it.

When you are good in managing your money and time, you are free to do any of it. But as you've said mining, and trading are the same and it's not for everybody. So if you can't mine, you can trade or be an investor. We all have options.

Bitcoin itself.

Pretty much the latter but I don't day trade and I don't do futures.

I am not but traders from other markets have also adopted and started trading in crypto long time ago.

         -   You know that here in the crypto space, trading is the final destination and major tool for us to earn income in this industry of crypto or bitcoin. That's why you will notice that others are using their skills; even if the payment they accept is crypto or stablecoins, in the end, for them to become fiat, the trading platform is still the last crash because they have to exchange it for funding and then for their fiat.

Trading didn't exist before the internet or online; it's been there for a long time. Online trading just added to traditional trading, but the context and concept are just one different category, which is physical trade and online trade.

Trading has been in existence for quite a long period of time and is a belive system that works and happens to be the largest money maket in the world if you talk about Forex,  Started trading to have a side hustle and in order to become financially independent and not  relying on any government jobs alone to succeed, if you are a profitable there's no bigger thing that will ever happen to as that, knowing when to enter and exit the market profitably. The fact their is much liquidity in the market also got me interested,  about 6-7 Trillion dollars traded in the market a day.

How can we give accurate answers because people see these as different steps. Some people have expertise in trading after they learn so they try to practice. There are others who just try and end up switching to investing because they don't have good skills when trading.

Generally people trade because they have long-term prospects and most importantly they understand how to do it well even though at certain times they also experience losses. Investments can be carried out simultaneously with trading and I think there are many people who do that. Miners require slightly more capital and people think long and hard about this because there is a lot of equipment maintenance that must be done periodically.

Building a business is the same as being involved in investing or trading because it requires money, knowledge and consistency. Even though the work pattern is different, we have similarities in the results we want to achieve and simply put, not everyone has the same opportunities in one place, so they will adapt to a place that they can take advantage of more.

I wanted a new challenge. New challenge equal new knowledge and if I am persistent, resilient and dedicated enough, I'll increase my income.
I do not understand this question, but it is almost similar response with the previous one.
My influence is majorly from the folks in the bitcoin trading community who I have formed a very strong bond with online and offline.
The challenge of learning something new and the potential for increased income, made me to start doing it.
Nope. I am not a trader of any sort. I am a complete noob. I have less than a year's experience at it.

I would like to know your own story.

I bet many of us start trading just because we want to find another source of income, but later on facing the harsh reality that trading isnt that easy so some of us might retired from trading instead.
I personally still trade, but not as intense as it was back then when I really envisioned to be a millionare from trading after knowing the truth that trading is not really an easy way to be rich, instead we might lose our money.
if its people who formerly succeed in the field of finance like trading stocks, i'm sure they already coming to crypto trading with massive amount of capital.

with their extensive experience its only matter of time until they scored some good profit later on.
but for the new guys, its gonna be tough starting from very bottom having no idea about how exactly it is to make profit except buy low sell high.

some of us might even get inspired from self proclaiming trading expert that sell courses and later on find enlightenment through real practice in trading not, though still our money wasted on these unneeded courses.

The reason why many people go into trading is basically to make profit, and it's something that you can do as a part-time job, it doesn't really disturb you from doing other jobs that gives you money. Nowadays people are looking for businesses that will give them alternative sources of income, because there's inflation in many countries, so learning a skill like crypto trading, becomes necessary. Although many newbies enters crypto trading with the wrong mindsets, thinking that it's a get rich quick scheme, not knowing that it's hard and risky, which requires a trader to have another steady source of income before entering crypto trade.

#On the moment i have seen that there's money making opportunity then it do really caught up m interest.
#Anything whether offline or online, as long it do makes or earns me money then i would really be doing my best on engaging with it as much as i could.
#Some friends, things or stuffs read up online
#Extra income at first but im trying to make myself reach into that point that i would be sustainable and could be able to make money even if i dont have my day job.

One thing that comes into our mind is on the time that we do make money is whats important. It doesnt matter on what method or whatever
things that you would really be that dealing with as long it does give out that opportunity then thats what really counts.
The thing that you should consider is that you dont rush up yourself on doing things.

I started trading to gain some experience. I have tried various kinds of trading, like Binary trading on the Forex platform, Spot trading, and futures trading on centralized exchanges. I have always seen some advertisements on social media that traders make huge money. Surely, money attracts all of us, and I decided to give it a shot. Later, I started to learn that binary trading is nothing better than gambling. It is similar to gambling.

Future trade is a kind of gambling as well. I don't remember making any profits from future trading. I always end up losing my crypto. Spot trading has always been my favorite one. But it needs a lot of time and patience. I become a holder from a spot trader.

I decided to start trading is because I see trading can gives a hope to makes money. But then, I realized that trading needs to learns many things related to trading, including analyzing the market. I accept that and start to learned trading because I realizes that is my way to knows more about trading. There is another way such as investing but we must waiting for some time so I select trading that can helps me to makes money. Yes, I start trading to have an extra income because I see some of my friends can make a profit from trading. That makes me follow what they do and learn more about trading. I knows it is still difficult to mastering trading but I am willing to do that way so I also accept the risks behind trading.

Can be said that I've done it to have extra income and even until now, there's a huge potential to it and staying on it for years it had become a business or investment that can change my life time.

If I am a former Wall Street trader, I've be richer already and I don't think that I'll be found here.

I'm not a good trader but I am not also an emotional trader and so there's balance when I do and luckily are profitable in some of my trades.

Why not trading? The fact that it can provide you exceptional profits in the long run, so I think it’s really a must to trade if you have the potentials as a trader. Although I don’t start trading right away even though I have the passion to trade, but you know when your main job is not providing sufficient income anymore, then you’re back to thinking to pursue trading this time and hopefully make it big in the end. But never leave your job for the sake of trading, most especially if you are still learning the process, instead develop your trading skills and strategies so that you can consistently make significant profits apart from the salary you receive from your job.

Due to curiosity and the belief that this is a good earning opportunity, I've tried. I can't say I was wrong because despite the struggle, I still managed to earn some but just to say, we can't expect that much like other people are thinking. It is to find out that trading is not an easy job and due to the market condition (volatile), we can't rely on this as our source of income.

I didn't think about business at that time, I didn't have interest yet because what was on my mind was a way to make money fast and I heard it from social media. Well, I just try and find the reality behind those promising and attractive words.

Well, as I do crypto currency stuff of course I will stumble or notice trading and when I first say trading I saw that many people are becoming successful and that's through advertisement , so I become curious with trading crypto currency that's why I dig more deeper in trading and start gathering knowledge and when I decided to try trading I start with trading altcoins and not bitcoin right away, and of course at first or early in my days I frequently losing the trade but I didn't give up and see what I'm lacking and that's the knowledge, skill and experience so I slow and slowly developing those things and now proudly to say that I can trade alone and profitable and thats because of my hardwork and not giving up. So why trade? Simple: it gives me a lot of opportunity, and it makes me develop new skills and traits that I could use in different fields.

Not everyone has good skills when trading and there are times when those who have learned are not able to survive to continue. Trading is indeed more speculative because market conditions change so quickly that it forces people to understand how to do it. This is what makes it difficult for people to learn how to trade consistently and differently when they are involved in long-term investments.

Trading can indeed be learned if someone has consistency, but there are not many opportunities that can be exploited if someone does not have the ability to analyze. Many people fall into the trap of making money quickly and they don't understand that the move never exists. I also experienced times like that where I thought about getting money in a short time but I never achieved it.

Most aggressive traders decided to do this within a day because they're more hungry for profit, they didn't know risk is present during this certain situations. Unlike with long term holdings, you only value the patience and efforts you have as well as emotions. With business also it needs physical effort of doing it, there's a lot of overhead expenses to consider. That's why lots of individual prefer trading as their ways of maximizing money freedom to earn.

I believe that when you trade or invest, it's always accompanied by a new learning just as these two things. So, if you are an investor, then in the long run you will have to learn about trading. And if you are a simple trader then you'll get to learn more about investing.
We're not stagnant and we're going to learn more things in finance such as the crypto market and these things of investing and trading. If you are going to ask why trading and not the others? because we've got the basics of it as buy and sell.

Just let those people do learn up lessons on their own because on the moment that they would be having those kind of beliefs or things that in their mind then they would really be that definitely do it no matter what not until on the moment that they would really be experiencing those shit conditions or situation on which they would really be able into. Some people i've known do make trading as their last resort or chance for them to live on after have left or resigned their job just because they do make out some initial trades and win up or make money with it and ending up on resigning their jobs. Sounds no real? There's someone who i do know which did make out that kind of absurd decision on their lives on which on the moment that they've seen that trading isnt really just that always give out that sure profits then this is where realization would kick in.
Why trading and not something else? This is something that  you could really be able to get engaged with without going into some office and fight with some traffic because of commute or having that hassle on waking up early and dress up yourself to go into the workplace on which trading is something that you could really do without depending or following someones orders or simply you are the ones whose the boss on here.
The only mistake of some people is that there are newbies who do rush out on making outright decisions and make out some conclusions that this is it, on which something that could make them rich or even thinking that it is really just that an easy way to make money. It would really be that good that you do make it as a side income and on the moment that you do saw that you are constantly or having that kind of good winning rate or simply profitable then this is the moment you would be considering on retiring or leave your job.

Same reason that could have pushed you towards doing something else with some minor additions could account for having decided to go into trading. Some of those would be,

It’s where the honey pot is. Place a cube of sugar on your table and be sure to find ants gathered around it in minutes. That’s what trading has come to be. Though crypto trading might be relatively new, the idea in FX trading has been kn existence and many draw inspiration from there.
Cryptocurrency trading happens to be one place you could really make a fortune from your trading skill, multiply your finances by that and that X in no time if you are skilled but, not without its risk too.

Another reason is because, you can do this remotely, full time and grime anywhere.
That’s another reason that motivates traders to come into the field. It’s something that you can decide to do from the comfort of where you can find comfort.
I’m a world where people are looking for add on streams of income, trading offers some relief.

I needed extra money and even thought that trading could make me rich. But on getting to it, I discovered that it's not as practicable as preached. Nevertheless, I am still trading today, but the change of mindset I have now is that I can't magically get rich through it but I can still earn sustainable passive income through it.

Your question is not so clear, nonetheless, the main reason why I am trading is because making money through it is easier.

Trading was introduced to me by a friend but it is my sole idea to give it a try.

Like I said earlier, I started trading because of the money-making possibility in it. But I wonder if anyone will devote their life to it for an honourable purpose, it is all for the money.

If they want to make money, they will definitely look for opportunities around them. And if they see that trading can be one way, they will try it and start learning. No one came up with the idea but maybe there are people around them who have tried it and succeeded in making money. A wise person will look for what they want and try to get what they want. Even though it is difficult, they will continue to try and take it as a challenge and will not stop before they can get what they want. Many people start trading to earn extra money but many don't want to learn and just use shortcuts. Unfortunately, it did not provide big profits for them but instead experienced losses in trading.

If you go around asking everyone what they do and why they are doing it, it will take a lot of time man. I mean we do something because life takes us there, it is as simple as that. Also most of the traders do not just trade alone, I do long term investment and also trading, plus I have a full-time job that I work at everyday, so I do all three of them. Just because you are trading that doesn't mean that you can't do the other parts, you can make money all kinds of way at the same time.

I think it should be something that will take a while, we do not need to worry about anything at all. The best thing we have right now would be realizing that destiny is the only reason, because life just happens and you are the viewer from the best seat in the house.

In running any business, whether it's trading or a traditional business that can make money, it's not easy to make money in an instant. We need to start a process that is not easy and requires quite a bit of time. We sacrifice all our time, energy and patience for all of this. Maybe in this case I prefer traditional business, even though I spend a lot more capital, I am more confident in this field than I do in trading to get my additional income.

The major reason why people get into trading is as a result of making profits.Trading is a choice people make,just like you said there other means of earning in the crypto ecosystem e.g mining, investing and airdrop,in the crypto ecosystem crypto enthusiast are aware of all these means of earning but they decide to trade their coin on daily to make quick profits and to add up to their source of income as it wouldn't be nice to rely on only one source of income due to the economic instability in most countries.Trading can be classified as a source of income but on a wise note it wouldn't be nice if a trader rely on trading as an only source of income because the chance of losses and risk is high in trading.

The only reason why people venture into trading is to make quicker profit that investing and hodling cannot give you for a very long time to come even after investing in them. Trading is a very risky way but if you’ve perfect it, your wins will supersede your loss and that will make you be profitable and not perceive that you’re losing anything in trading. With the benefits attached to this trading, some people don’t still see it as a passive way of income because of the high risk attached to it in the early days of a beginner in trading.

The choice of people will still differ though, but one thing that makes it all worthwhile is the fact that it is been ventured into all for the purpose of profit making. It is now left for the person to decide the one they can handle and be able to contain even when loss approaches in the process. Due to the uncertainty of trading, some people see it and take it as part time jobs, while those that see the more brighter perspective of it take it as full time jobs.

Yes, it doesnt matter on which one you would really be that tending to deal with on which as long it do really first out with your interest then this is something that will really be that you would gonna tend to do on which this is really just that normal. We've seen trading to be an other potential source of income if it would be done well but of course this kind of skills isnt something that you could really be able to learn up on a short period of time. The main mistake of some people is that on the moment that they've seen someone that making huge money then they would really be gonna tend to make out some involvement or engagement even if it means that they do lack up with that sufficient knowledge and experience on which it would be causing up for them to lose up money.

As we are aiming to have other source of income, some traders find this one as an option and some succeeded on this while the others are still at the beginner phase. Choosing trading for me is a wake up call because i’ve learned a lot from this market alone and trading makes me more responsible and forced me to keep on learning because trading is not that easy.

well, we know that trading can give someone huge profits, so, it is very natural for someone to try it. However, the aim of trading is definitely to improve their finances, so with that aim I also try to trade until now. Anyway, this all started when I discovered crypto. This happened naturally and led me to trading. Furthermore, I learned that through experience, and reading references in various places. Even though I'm not good at it, my goal is still the same.

Trading require knowledge which you need to acquire before going to crypto trading, because once you have the knowledge, you can make a good choice to embark on long term trading, which is the most favourabe strategy traders use to make income from their trading. Majority of traders join crypto trading for income purposes, because they know that you need to invest what you can afford to lose, and once you have such idea it will make you to be bold to invest what will make you to create more time in your crypto trading to ensure good results are coming out the way you want it. If you don't have the capital and knowledge of crypto, you don't need to force yourself than to look for capital and knowledge first before you can start searching for a good coins to invest and hold for bullish season to come before you can trade to make income that will satisfy you.

I already had the some little idea of trading, a long time ago but then, I thought it was very stressful, so I never put any concentration on it, until I saw one of my friend earning almost every week without going to any offline work like working for government or any Manuel work, so I had to ask him the source of his income which he did told me that it's online work which is trading, I was so shocked and wonder how he did it? If it wasn't stressful and he replied that it is all about dedication or self determine. So I took up the courage to give it a try and now, I'm very happy and I don't regret my decision of giving it a try, I prefer trading at my comfort zone instead of working offline.

Literally speaking, we can actually get a profit from trading. But you must have knowledge in trading, because if you don't have it, you won't be able to get good earnings in trading.
It's like you'll be relying on luck or chance, which is not a good style.

Traders who get a stable profit in trading have a broad idea or knowledge, because through this they will be able to keep getting earnings for sure every time they do a trading activity
in crypto trading.

Basically I will say that the reason why some persons venture into trading should be as a result of they need money, because the information of someone who is not a trader obtain before going into campaign should be as result that venturing into trading will make him or her to make more funds, so such information is what that trigger people to ensure that they have participate in trading activities or functions, that's while you seen many people who is into trading that lose most of their funds everytime its as result of information they heard that excited them and that pushed them trading without understanding the procedures of trading.

when we look at the way information of trading comes to ear mostly the profit everyone would like to be a partake of trading, the excitement and curiosity of people in trading is what generate traffic in trading, mean while if you obtain skill of trading and know the rudiments of trading I don't think you will be able to make a profit, let forget sugar-coated language and testimony of people towards trading and focus on the real reality and conceptions of trading.

indulging in trading that have not guaranteed for someone to say he has arrived, in normal circumstances trading should be a side Hustle because it has much risk involve in it, in which you may run out of luck and market come against you and you lose whatever you have achieved already, so I agree will your suggestion, at least a trader have to engage in other works knowing that trading can disappoint you because is not sure that you will be making profit consistently in trading, so have a diversification of jobs so that you will not be cut of life soon base one you are depending on one area of concentration.

I feel like the second reason seems like more towards the reason. I mean honey pot could be found anywhere if you really look for it, can you make and sell shirts and be a billionaire? You will feel like you can't, but the richest man in the world started that way. Can you just open up any website you want and be a billionaire?

There are few of them, do you believe you can be one of them? Just because it looks easy or honeypot-ish doesn't mean it is, this just feels different. You just sit at home, open up your exchange, and start trading, it is a way of making money for sure but it also feels like it is a hobby for a lot of people as well, just like playing a computer game or watching a movie, we have fun doing it.

I trade because I expect to profit more than what I get from my job. Of course, business is not just like we simply think it is easy to manage. If you don't have money and managing skills, that is hopeless. But aside from that it is my curiosity. Although I can't say I was a successful trader however I could say that I'm doing it well, enough to cover some of my expenses. But I know this won't be forever, of course, I am looking into something that gives me passive income.

Long-term investing - you need huge capital for getting returns that could impact your life.

Mining - requires huge capital as well.

Trading - Accessible, anyone can start with whatever money they have and trading has always been a things so it's obvious that most crypto users can't afford other methods than trading even the investors like to take their chances with their capital with short term trading more often.

Why wouldn't it be trading? Imagine always being able to do and trade whenever you want as long as you have the setup to begin with. It would help if you got to do what you want in terms of IRL events in your life and trading might help you achieve that.

In terms of having free time, it would be hard if you are trading regularly but in terms  of having work, you would have a hard time doing it. You probably need to get tools like Gunbot (https://gunbot.ph).

It depends on what one chooses to do . Some have lots of interest to become successful trader's they learn and put in the effort luckily some make it and some don't. Many are attracted to it because it can help bring in alots of income especially if successful in the field.

If you are capable to trade because you have the knowledge and skills, then why not? Trading could be an effective source of income if you have what it takes to be a potential trader, but since we all know not all trades turn into profits due to market uncertainty, you could always stay in your main job and still be doing trading as your side hustle. That way, you will have multi profits coming from reliable sources.

No one can set limits for yourself but only you. If you can be a good and profitable plain investor, no wonder you can also be a good trader in the long run. Investing and trading is interrelated and is benefiting one another. Remember that investing alone does not make you profitable, but one should also learn to trade so he can make a good buy and sell and covert them with significant profits. It requires long term planning and preparation, the reason why some just focus into investing and hodling itself.

Trading so far does not only rely on knowledge and skills. We also need an important factor, namely being able to control the patience we have so that we don't make wrong decisions because we don't know what will happen when we can't control the patience we have. Imagine when you have Bitcoin or Altcoin but you can't control your patience to sell it at a high price until you end up making the wrong decision because you sell the asset too quickly at a low price.

Yes, trading pays more than your job compensates you, that’s why a lot are interested to trade and focus on it. But while trading will make you rich instantly, it will also mess up with your funds easily if you trade without knowing, that’s why always trade with caution.

I trade because I heard a lot have gone successful in trading and are now living comfortably. That’s my reason for joining trading, but I have no plans on leaving my job and focus on trading, that’s quite risky for me.

People basically trade to make money and I am no exception. But I don't trade regularly sometimes I do sometimes I don't but when I trade Alhamdulillah I can make fairly good money. Those who want to trade or are new to trade must gain enough knowledge about trade if you don't gain enough knowledge about trade then you can't make good money from trade. In trading we must have a long term plan, if we can keep a long term plan and check the market then surely we will get proper success from it and new people who see us will show interest to trade. Trading Many big investors lose patience so patience is very important if we trade patiently then surely we will be successful traders in future.

Not only can I depend on trading but the business also helps me stay financially viable and able to meet the needs of my family. There is a lot of skill required before trading I like to do sometimes, but it is important to remember that not all trading and financial speculation is unethical and many market participants engage in these activities responsibly and within legal and ethical limits. Regulation and supervision play an important role in maintaining the integrity of financial markets and ensuring that trading practices are fair and transparent.

To be honest most people also that already tried trading are to make money, some are because they are lured by some personality on the internet especially social media that say "trading is easy", or "easy money".

But once you are already in the game, it's difficult to understand what they told you and what you think. For sure a lot of people can relate.

especially for short-term trading, many people fail not according to what they thought at the beginning when they started trading. Most of them feel disappointed and only a few people survive to achieve their dreams. Therefore, for beginners, it would be better to do long-term trading and learn short-term trading, so that short-term trading can also be made into a long-term project, with the hope that one day we will become pro traders.

Most of the people want to trade cause they cannot sustain their life on just a single salary and their salaries are not enough so they first learn about trading in order to be a successful trader. But some traders come to traders without learning and trading becomes a risk for them so such type of traders are assuming that trading will make them wealthy so quickly but they are not good traders but choose to not trade after two or three consecutive losses.

Some people who learn before trading are getting extra income from day trading and their trading income is more than the salary which they are getting through doing a job. The goals of each and every person is different so trading can be used with different concepts but the outcome is just to get money in return.

Trading is a skill and one has to learn the skill to be able to make money from the crypto market.
It is obvious that not everybody can trade in the market because some persons do not have the patience and the time to learn the skill that is required to be able to trade well in the market. Trading is fun and one  can make money from it if we have a mentor that would be able to guide us and help us with good strategy that would help us to earn from the market without much stress.

I could not say I was a full-time trader but just a trader with years of experience, yet I won't spend too much time with this due to my hectic time allowance. But it is not a big deal for me knowing that I just do this for a part-time job.

Why did I choose this? Well, not new to hear that trading is profitable when we have the right skill and knowledge and I believe that trying doesn't make me die. Living in curiosity made me started and it was crazy when you are learning, you can really feel the eagerness inside. But because I have another job (my main source of income) I have to make it balanced and spend less time in trading to focus on my stable job.

As an individual, we must know what are our priorities and what are the things we need to focus on. We can have them both but not together at the same time. That is why we choose the best option that we think gives us more.

By trading we can have a lot of information about the economy and digital currency issues and even technological developments which are currently being implemented in several countries. We can also control our emotions well because sometimes when we trade we don't always get a profit. Sometimes we are also forced to feel like holding on to assets when prices fall to the bottom.

This is not only about choice, but also concerns the desires of every trader who wants to be successful in this matter. Because if it's just about choices, I think there is no guarantee for a trader to be able to achieve success in an easy way because apart from that they still need to see and try it after learning. They must also be able to decide the first step they should take when trading on what asset or on what stock exchange, because for successful traders they have certainly experienced many more moments and also obstacles in achieving this in the past.

I am not a full time trader hence my answer couldn't be of much relevance since I don't it occasionally like part time which is not the right way of doing it but end objectives are same it's the profit at the end of the day and people are into trading for only two reasons one I the profit and second being they are their own boss as they don't have to go through this corporate slavery.

I heard about bitcoin, and people told me I could earn money from it. I decided to start trading because I wanted to make money from it, so I decided to proceed to learn how to trade. Most people who are trading are doing it for the sake of money. I don’t think there is any reason why anyone will be trading if not for the sake of earning.

I have some bitcoin in my wallet, which is for long term investment, and I still have some money in my wallet, which I am using to trade. So if you are trading, that doesn’t mean you can’t invest for the long term, mine, or do other offline line business. I don’t even encourage people to depend on trading alone for survival, we all should always have multiple sources of income.

1. Why start trading?
- Frankly all of us would really be having on the same actual one reason which is to MAKE MONEY/PROFITS. This is the very main reason on why we do really make that involvement with trading
which is of course there's no way that we could really be able to make it easy but somehow its not impossible.

2.Tons of opportunities or key areas on which you could really be able to get involved with.Yes, but we do know that there would be various reasons on which you would be hesitant on doing so.
MINING- Asics or GPUS doesnt come cheap and also difficulty is already that on the peak plus having that electricity cost which it is really that main consideration.
BUSINESS incl Offline- It would be needing up that significant capital and if this is something that it is out of the scope of your interest then you would be skipping it.

3. Gave out the idea? You would be finding it for yourself online or someone tells you about it.

4.Always consider on making it as an extra income because if you do push yourself on having that as an replacement of your day job then this is where issues do really start to come up.
5.Whether you are experienced trader on other markets but still there would really be no assurance that you would really be doing well into cryptospace. Everything will really be just that depending on how well you do make up your trades in regardless with different various situations or conditions.

What will be the reason behind trading if not to make money from it? I am trading because I want to make more money. I learned how to trade and started trading because I saw it as another source of income. Despite it not being a stable source of income, it is very hard to continue making profits from trading, but with good knowledge of trading, you can be making a reasonable amount of money, so not everyone is trading because of money.


I involve myself in trading because I see it as another good way of making money, the truth is that everyone can't rely on one way of making money, so someone set of people have to deal with long-term investments or offline businesses or others of making money. It is all of us will enjoy doing the same things as human beings, as everyone may have something specific they love doing.

I think for certain reason, we all want to engage in trading to make more money. Knowing the fact that trading can give us opportunities to earn and make more money, despite of how risky it is, majority of us here still aim to trade and hopefully become successful with it. And I think with good knowledge and proper training in the market, the desire to be a good trader and to earn well is never far from reality. There may be consistent losses at first, but that is always normal for beginner traders. Once you gain mastery in trading, it will be easier for us to achieve decent amount of profits by then.

I started my trading in 2022 and I started with Metatrading app and with the demo account and what motivated me to trade was since there was no job from the government and the society, and I was looking for something I can be doing to fetch money for me even though it is small let me manage it. So I learned it from a friend and later when I have gotten the basic knowledge and having the experience of trading, I opened the live account and deposited $200 dollar as bitcoin and at that time bitcoin was $16k.

So after depositing the $200, I used $100 to trade and gain $20 dollar and I was greedy at that first time because it was my first live trade and lost everything within 30 minutes intervals. So the second trading I gained $30 and I stopped that day and from there I started trading with small amount and gained little profit. And for me I do it to sustain my life and take care of myself.

I'm not a professional trader but of course I have experience on doing futures trading. let's accept the fact that most us want to earn extra income and if you have time you can make trade as your part time but before you can achieve this earning you must need to invest too atleast with the knowledge, skills and experience those are your keys to gain profit. Not all the time there's a winning moment in trading there's still as lose but again you are a trader risk is there but you can do is to lessen it.
In this era if you are not rich enough doing a single job doesn't sustain you at all.

Why trade? Trading gives people the opportunity to make a profit. But not many people want to learn to analyze trading, so not many people can make a profit.

They just follow what other people do without wanting to learn. The result is that they experience losses that could become even greater if they do not realize their mistakes. In trading, we cannot always buy and sell immediately after a few hours and often have to wait until the price rises.

This factor of not waiting and not wanting to learn trading makes it difficult for people to make a profit. Most people end up failing in trading and regretting it, but others can improve their trading skills. As long as people can make a profit, they will continue trading.

Yes, I have this passion on the daily Trading and I really want to trade so I feel like Trading will give me what I want. Yes this is just an answer for anyone. Well, I don’t really have a better idea to answer this, but I know different people have that different reasons why trading sometimes people that trade on stand trading very well Not just because they have friends Trading or they just want to make money what I feel is that they really understand it and they understand the tricks on it and doing some manipulating and Trading which is what people usually do the succeeding in Trading

For now I am only a long term hold or you could say investor and previously I was a trader and start up because I was very tempted to see the profits that could be made and considered this as a second source of income apart from my main job in the real world, and was interested because I saw someone's post and started trying it first started off well but slowly became less enthusiastic after the market entered a bearish period around 2018 and finally decided to just buy and hold for the long term.

I am sure that many traders choose to trade because they want to make a profit, but not all of them are able to survive because traders can not only make a profit but also experience losses and sometimes a big loss will change a person's direction of thinking about starting something new, including becoming an investor.

Anything that we do has a learning process and along the way, we can unlock more knowledge. If we start as an investor, there is a trading mechanics when we are buying a coin. Same goes when we sell later on. It's also true that when we start as a trader we can learn investing eventually because there are instances that we decided to wait for the price to recover before we trade.

It's okay to stay on trading despite of it, as long as you are doing good and maybe adding, or switching more can only cause of our collapse. Trading has the basics of buy and sell but what about investing? Also trading can still become complicated later on but this is also highly rewarding, which can be the reason on why some prefers it.

To be able to make a profit from trading is not an easy thing to do, of course we have to be able to carry out good trading analysis so that we can make the right decisions on the trades we make in order to make a profit.

By following other people in trading without having any knowledge about trading, of course this will cause them to experience losses on the trades they make and if we trade, of course we have to continue to monitor market conditions to be able to know the right time to sell and make a profit.

Someone who doesn't learn to trade well will of course not be able to last long in the trading they do, of course they will leave the trade at a loss, even those who have been able to make a profit from the trade will also learn about trading to make the right decision for trade they do.

People are trading because they wanted to earn and make money from doing so, but some have forgotten on how they can start a successful trade without having to risk loosing their entire capital investment on it when they are quite aware of the challenges in volve in doing trades plus the way they are going to trade safe, which all make it more important that we start trading with the amount we can afford to lose after which learning has been experienced.

A person skilled in trading can earn a lot of money in a very short time if he has a plan for his investment. Which is not possible from anywhere else. This is why people prefer trading. And in trading there are both profit and loss, one day you will profit, the next day you will lose if you are not very skilled.

Everyone trades for profits. Mostly people watch different kind of man's that are involved in crypto and trading where they get a lot of profits. Their story motivates them to become rich in a shorter span of time and that's when they choose to start trading.

But in reality trading is very difficult and different from that thinking of people. So in order to succeed in this field you need to be very patient.

Hmm, So many questions from OP anyway these are the most recurrent questions we encounter every day while having discussions so putting the light to it won't be a big deal, you OP, The idea of trading is self-granted while exploring this market comes to know with a good capital we can stand in this market and trade to earn livings. Well, I am not a strict active trader as a student I need to deal many things.

So coming to the next point why trade, not something else, because now in my case I have familiarity with this market and have some tiny skills and knowledge with experience through different sources and an active touch with the market so it will be less efforting to trade for mee while on any other skill, I need to first learn then master then arrange different things and then a start so trading is a quick start for me, not for everyone so that's why I decided to trade timely.

Stick a day trade? nope, I don't follow it I belive in saving the wicket concept, saving the capital waiting for the best ball, and hitting a six, or 4 at least hitting every ball no gain is really disappointing and it helps in managing risk as well.

Exactly. Even rich people never focus on a single source of income, but they definitely have multiple investments that will generate profits for them. Most particularly for poor individuals, the need to engage in side jobs is not just a choice anymore but a must have so that financial security will be achieved.

I’m not actually a trader but having most of my friends going into trading, I was slowly exposed to that until I started liking the idea in order to improve my current life’s condition. I know trading is highly profitable, but it can also be an instant way to make you lose quickly. But with proper knowledge and skills appropriate for trading, and with consistent exposure and experience in the market, I believe the possibility to gain massive profits in trading will be highly possible in the end.

When doing everything, it depends on your passion for it.
Some people have passion for trading just because they want to experience how it is through demo accounts and their main accounts, while some people trade just because others are trading, so they end up blaming others when they lose their investment due to lack of proper knowledge or lack knowing how to properly apply caution.

The main reason for all these is for the sake of money; everyone wants to make money for their personal needs and there are many ways to earn money in which trading is involved, therefore, there love for trading made chose it as their work or sources of income.

There are two options:

1. A person comes into trading because he wants to make money. Just like studying to be a doctor in order to earn a high salary.

2. A person comes into trading because he likes it. Someone collects stamps, someone likes fishing and someone likes trading.

 In both cases you can lose money. But in the second case, a person will be involved in trading all his life. In fact, it is a hobby.

With a certain income, is it bad if I can add a little money from trading as income? I like trading because crypto trading can sometimes give good opportunity. Although I am not a professional trader. If I can earn a small income from here, that is enough for me, but I am trying to see how to improve here. In future I try to use my trading experience to increase my income from this platform. However, as trading can easily make profits, there is also a high risk of loss, so new traders must be careful not to lose everything on it. Trading is good but I will give importance to Long term Holdings especially for newbies. Holding is best suited for a new trader who tries to hold but without acquiring good knowledge of trading new trader shouldn't do it.

Born by itself. At first, yes, but in the end, I stopped for a moment and decided to just hold on. Trading ultimately makes us bored in the end. The percentage of profit is very small.

If it's wrong, please correct it again.

Because of I love to exploring and trading is some thing that was much interesting and that is why I also looked into trading but I trade for long-term more than the short-term trading and obiously there is high a good chances for taking with some basic knowledges and also there can be earn passive income if anyone can do trading with good analysis skills. But for me it is something where I can invest some of my small fund and getting some extra income.

Reasons why I chose trading instead of something else;
 - profit potential
 - interest

Trading is indeed another way of generating money that someone could fall into. Unfortunately, the risk is terribly high making a lot of traders suffer losses instead of earning money. The sad thing about this is if you don't have enough knowledge and skills, you will not earn any but lose all of your money.

Trading is quite interesting because of some social media influence showing a lot of money but this is the thing we should have to remember before we try, the market is unstable so we don't have to take it easy and it is why we can't ensure profit.

I am not an experienced trader, and not even a successful trader. But my main reason when I first decided to enter the world of crypto trading was because:
Seeing other people's success in trading and I really want conditions like that, great success in becoming a trader.

That's my main reason. But it turns out that betting isn't that easy. Trading is difficult, very difficult, especially for me, I have studied and tried it many times but kept failing, especially if trading in futures. I've failed for the umpteenth time. Therefore, it would be better for me to decide to just stop trading in the future. However, sometimes I still only bet on spots, it's just not regular. only occasionally.

Honestly, at first I just thought like this. Trading is easy, just sit, buy, then sell, and already, get high profits. It turned out that after starting it, it was really difficult, not as easy as just buying and selling. But there are various things that must be prepared before trading, especially understanding trading, analysis, and so on, because if not, then that's it, it will be quite a difficult thing to do.

well, however, these two things are what interest us all, especially the profit part. In fact, when I studied crypto, we naturally entered the world of trading. Therefore, sooner or later, people who study crypto will see the potential that can be gained from trading. This doesn't just happen to crypto, but also to other investments. After all, all this happens because of "interest" which has the goal of generating "profit". So, that's why people are interested in trading.

Trading has great advantages over investing. And the most important advantage is that you can increase your initial capital very quickly. Of course, such opportunities do not present themselves every day. But at least once a year, the market actively grows and allows you to increase your capital. During the year, the market very often acts this way: first there is strong growth, then a rollback almost to the original positions. If you were an investor at this time, you would have lost most of what you made. This is very unpleasant, but trading allows you to get rid of it. In addition, now large crypto assets no longer show the good dynamics that they had in 2009-2018. If you have a couple of decades left in your life, then investing is unlikely to help you in any way.

I understand this but it makes sense to say the opposites to warn people about risk too.

Trading can help people to increase their initial capital quickly, by pure luckiness even they don't have knowledge and experience in trading. It happens when newbies join the market in bull trend and simply do Spot trading. However, by lack of knowledge and experience, newbies will struggle to filter projects on the  market to avoid scam projects and to manage their capital properly.

If newbies don't take profit, separate it out from capital that will be used for next tradings, when market changes seriously, they will lose very big. Profit will vanish and even initial capital can be affected too.

Newbies must learn to use some important orders: Stop loss and Stop limit orders.

One of best weapons in trading (https://bitcointalk.org/index.php?topic=5173189.0)
What is a Stop limit order (https://academy.binance.com/lt/articles/what-is-a-stop-limit-order)
Stop-Loss vs. Stop-Limit Order: What's the Difference? (https://www.investopedia.com/ask/answers/021015/what-difference-between-stop-order-and-stop-limit-order.asp)

Yeah, this must the most important part of trading world, if you could learn that, then you are going to be able to do so much. We are talking about stop loss here, and without that, you may lose everything you have for good, there is no reason to keep thinking that it will recover, just use that and you are going to be fine.

It doesn't have to be very close, like for example I have my stop loss for bitcoin at 44k, that would be quite hard to drop that much, it would require some huge big deal, like USA banned bitcoin news type of thing, it won't get there, but I still put it there. Because my DCA is at around 41k, meaning that if I sell at 44k, I still get out at profit and that's why I keep it there just in case no matter what.

Well, in my opinion, what @Kelvinid wrote regarding the "Interest and Profit" as the reasons why people are trading is not so true. The one and only reason why people trade is to make money from it (Profit) and nothing more, except you allow people to deceive you. Trading is not a game or something similar to games like betting, so why have a mere interest in a thing like that if not for the money? Fine, our interest could be in the financial market, but reading about it and getting the updated information like other sectors we love without investing in it would have been the end of it, not how it is in such a way that we will now invest our money just because of the interest we have in it. Let me remind you, that trading is risky, meaning that we can either gain our money or lose it, so when it is of interest only, why are people investing an insane amount of money into it? Besides, to date, I have never seen a single person, whether online or offline that categorically states that he is trading for the interest he has in it, but for the money, which is so feasible.

Well, my statement is right but can be wrong in some other ways or based in your opinion and trading experience. But what makes people become interested in trading is the money that can possibly get from doing this. Just like you gambling, what makes you interested in this is the winning prize as well. We surely know that money is so powerful, it can influence someone and much of our minds when we think we can get something big from trading and becoming rich. That is actually what the majority are thinking especially newbies. It is the profit that leads people to become interested in trading or else, nobody takes this option.

My experience is in crypto trading and as far as I know, crypto trading is divided into three types, how to do it, namely: spot trading, futures and margin, Well, these three trading methods can produce different profits that have been adjusted, it's not surprising that there are many crypto users who want to get involved in crypto trading.
For example:
• Spot trading, this method is almost the same as investing, you can buy the type of crypto that you believe in at a cheap price and sell when the price rises, remember digital currencies are very volatile, so you really have to look at the factors or type of crypto you want to trade well.
• While trading futures, you really have to have knowledge in all fields, analysis, charts, markets and so on, including the type of crypto you want to buy, The Futures method cannot be separated from the contract that has been determined according to the date that has been determined, if the agreed period does not reach the profit threshold that you have applied, end up crying, the futures method is carried out by those who are experienced.
• Meanwhile, margin trading is often referred to by them as leverage trading, this method is more tempting but has high risk, because this method is a loan asset that you can use to trade.

So these three types of trading have different risks and benefits, of course to get quick profits in trading they are always interested in doing it, Remember to trade with the knowledge and experience you have or the guidance of experts.

Trading could bring profit potentials, but only for those who are well experienced traders in the market. Hence, you have to acquire knowledge and enhance your skills first before you decide taking risk in the market, or else you will only trade like gamblers, relying on luck, not on skills and experience in the market.

However, with the influence of social media saying trading could lead to instant rich, a lot of newbies decide to jump in trading, and look where they are now, messing up their funds while some turn into homeless because they chose to be fooled by these trading influencers due to high greed over money.

I still can't comprehend why many traders don't use stoploss for which is essential for every trade that we do. I don't know if they've just forgotten it or don't really use it at all.

Maybe it is the later and that's why trading is come up with emotion and you need to be prepared in every outcome that you might see.

You'll never know what could next to the market and if you don't set a stop loss, you'd definitely going to learn the lesson but hopefully in an inexpensive way.

With this current rewrite, you are very correct, but it is unlike the last one you separated the Profit and Interest. Besides, I am just saying that based on experience and wide searches over time regarding the subject matter, regardless, no one is perfect. Also, with my understanding of forums, they are the places to have some communications, corrections, agreements and disagreements if need be, but in the end, we all learn one or two things, that's the gist.

Now, back to it, both the trading and gambling you mentioned are so similar but we can't use them as sole examples because they are not just the same thing, the modality of their operation and the susceptibility of them toying with our psychology vary. It is aggravated in gambling simply because people can gamble for fun (Interest), but can you trade for fun? That will be senseless. This is why the context of Profit and Interest separation is even better fitting in gambling than in trading. But in trading, the two have to be looped together because anyone trading can only have an Interest in it only for one purpose, which is Profit making. But in gambling, you can have an Interest in it either for the fun or the Profit (winning).

All the best!

I started trading because I wanted the have something that can give me some money while I wait on my monthly salary to come in. My monthly salary was not taking care of my bills fully therefore I needed something that I can add to my income and I went for cryptocurrency trading because I was already interested in the cryptocurrency market after hearing so many good testimony  about the market. I know that the market is so violent and can make you to lose but that only happens to people that do not do their research on how the market moves. I did not have any former experiences as a trader so I decided to take classes from my trading mentor and he has been guiding me and helping me becomes a pro trader. Trading to me is very nice, I do not use money that is too much for me to lose when trading but only pocket money that it does not hurt me if I lose them.

That is one of the key reasons why individuals engage in trading, they need fast money, which is why some people dislike investing since they cannot wait for extended periods of time to be lucrative they require daily profits. trading need enough effort to master before you can start making money from it. Trading is good and when you understand it very well, everything will come easily for you and your loss will not be much anymore, your profit will be more than your losing. I don't like talking when I see some people saying they are losing in trading anytime they don't follow the introduction because if you lose today and lose again the next day, you will definitely they most be problem. You don't understand the market very well, and you try to keep doing things without asking a mentor to help you out when you make mistakes, and if you don't want to accept corrections, you'll never win at trading because it's not like investing, where if the coin drops, he can later raise it and profit.

Trading is a one-time loss with no capital return unless you trade with another money and when the market favours you, you trade again and get your capital back and profit, which is why you should not rush into it because you hear that people are making a lot of money and start without understanding. Trading is not another option for the people that are in the project for long time already, but when you are new to it you will see it different thing because you are new to it.

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The reason why people are into trading is for the profit that is involved,  if not for the profit I doubt people would want to waste their time to trade. The profit in trading makes people to have interest in trading, and most people at first they see trading as what is very easy but along the line the ones that are weak will take a break or quit while the strong ones would still want to expand their knowledge as to gain profit in trading. Trading is a good skill that has good profit that attract people to engage in it, but this profit in trading is not something that people can just come into it to try their luck or without any knowledge.

Traders who are still into trading have come to understand that no matter how risky trading can it is still something that is very interesting when you have the real knowledge to follow it up.

Although i have been in the trading profession for almost three years now and pretty profitable i usually asked myself the above question that why do i choose trading as a profession . It has so much emotions coupled with lots of losses and profits unlike my other professions wish i had made a better choice other than it  

Another factor that makes people to want to become traders is that it is a job they can do from their own home, they do not need to buy equipment, pay other people and the many other things you may have to do if you decided to create your own business, and when you pair this with how easy trading seems on the surface, this can help us explain why trading is so popular nowadays, as many people see it as the only way they have to realistically improve their lives.

It is true that what you mentioned is that you can actually generate profit in trading, and it is not undeniable, but in reality, it is not as easy as some people think. But when you learn trading, it is also true that some people say that you can even surpass those who have a regular job in a company where you can really get a lot of earnings.

But I will repeat that it is not easy to achieve because you really have to spend time studying and learning it with dedication and determination, because if you don't have that, you will not be able to understand the depth of this trading in the end.

If you are successful in trading then you have not to be worried about your selection because a person regrets only if he does not find the field profitable. Although trading is a time consuming way of earning and after a loss one cannot tolerate the situations but still if you have already selected trading and are getting good profit from it then continue this way without regretting it.

But if you are not winning the amount properly and lose more than win then you should increase your learning and after achieving knowledge if you are still losing money then you are right you should choose another better way of earning as trading is disadvantageous for you.