TRADERS are not UNEMPLOYED

[ibuddy122505]

So it's not a problem to get involved in the world of trading, but don't make it the main place to cover all your needs because the necessities of life will not be tolerated, in the sense that when you need money you have to have money at that moment, while trading is an activity. It's risky, which means that not every session you make a profit, that's why most people always choose a job that is certain with an agreement to get a monthly or weekly salary.

If a trader is able to cover his expenses through trading, I won't be stopping them from doing so. That only means that they know what they're doing and they're effective traders.

There's nothing wrong with what they do as long as it is sustainable whether they treat it full time or part time job.

What matters to us is we shouldn't be meddling with the work of other people that are just trying to put food to their tables.

We are not here to prevent or interfere with anyone's choices or lives because we have no right to do that. People just want to say that if we make trading our main job and depend on it as our main source of income then it is too risky, and advise people not to do this. As you know, making a profit in trading is already difficult and it will be even more difficult when you set a goal of needing to make a profit regularly every month to meet your daily needs. So, giving advice to others, especially newbies to help them avoid making mistakes is not a bad thing, and I also don't think advising others would be considered meddling with their work.

Personally, I would never consider trading as a main job because income from it is not guaranteed, it should only be a side job when we have free time.
As Dewi Aries also mentioned below, even experienced traders give similar advice, if we want to become a trader, we must first have another source of income.

With all the uncertainties, it's surprising if someone doesn't see the need for a second source of income. Diversifying our income can naturally increase our overall earnings. Relying on trading as your main income is risky and can be frustrating due to market conditions. Every trader experiences this. We need to set up passive income streams. For me, it helps me sleep better without much stress. By diversifying our income, we can achieve greater financial security and enjoy life more.

[fuguebtc]

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With all the uncertainties, it's surprising if someone doesn't see the need for a second source of income. Diversifying our income can naturally increase our overall earnings. Relying on trading as your main income is risky and can be frustrating due to market conditions. Every trader experiences this. We need to set up passive income streams. For me, it helps me sleep better without much stress. By diversifying our income, we can achieve greater financial security and enjoy life more.

If someone can diversify their sources of income then that is indeed a good thing, but that also does not mean that we should consider trading as our main source of income. The main source of income is not necessarily the highest source of income but must be stable and capable of meeting our essential needs. Meanwhile, who dares to guarantee and think that they can make a stable profit from trading? Like what is happening these past few days, can any trader dare to claim that they are making very stable profits in an extremely volatile market?

If you follow market news, you will know that in the past 3 days, hundreds of millions of USD have been liquidated, and if this situation continues, what will happen when we consider trading as a main source of income? Where will we get money to cover daily expenses?

[macson]

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With all the uncertainties, it's surprising if someone doesn't see the need for a second source of income. Diversifying our income can naturally increase our overall earnings. Relying on trading as your main income is risky and can be frustrating due to market conditions. Every trader experiences this. We need to set up passive income streams. For me, it helps me sleep better without much stress. By diversifying our income, we can achieve greater financial security and enjoy life more.

If someone can diversify their sources of income then that is indeed a good thing, but that also does not mean that we should consider trading as our main source of income. The main source of income is not necessarily the highest source of income but must be stable and capable of meeting our essential needs. Meanwhile, who dares to guarantee and think that they can make a stable profit from trading? Like what is happening these past few days, can any trader dare to claim that they are making very stable profits in an extremely volatile market?

If you follow market news, you will know that in the past 3 days, hundreds of millions of USD have been liquidated, and if this situation continues, what will happen when we consider trading as a main source of income? Where will we get money to cover daily expenses?

Nowadays, there are still many people who only depend on 1 income, this is a big risk. i once met an active trader who i thought his income was 100% from trading but i was wrong, he made money from bonds and also dividends from the gold he saved and the results of trading if he made a big profit then he would use the money to increase his investment capital in bonds and gold, i admit that this person is really extraordinary in managing money, he maintains the liquidity of his money well and people like this are very rare.  So trading as a job is actually not a wrong view, it depends on how you look at it.

[Mahanton]

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With all the uncertainties, it's surprising if someone doesn't see the need for a second source of income. Diversifying our income can naturally increase our overall earnings. Relying on trading as your main income is risky and can be frustrating due to market conditions. Every trader experiences this. We need to set up passive income streams. For me, it helps me sleep better without much stress. By diversifying our income, we can achieve greater financial security and enjoy life more.

If someone can diversify their sources of income then that is indeed a good thing, but that also does not mean that we should consider trading as our main source of income. The main source of income is not necessarily the highest source of income but must be stable and capable of meeting our essential needs. Meanwhile, who dares to guarantee and think that they can make a stable profit from trading? Like what is happening these past few days, can any trader dare to claim that they are making very stable profits in an extremely volatile market?

If you follow market news, you will know that in the past 3 days, hundreds of millions of USD have been liquidated, and if this situation continues, what will happen when we consider trading as a main source of income? Where will we get money to cover daily expenses?

Nowadays, there are still many people who only depend on 1 income, this is a big risk. i once met an active trader who i thought his income was 100% from trading but i was wrong, he made money from bonds and also dividends from the gold he saved and the results of trading if he made a big profit then he would use the money to increase his investment capital in bonds and gold, i admit that this person is really extraordinary in managing money, he maintains the liquidity of his money well and people like this are very rare.  So trading as a job is actually not a wrong view, it depends on how you look at it.

Totally risky but we dont really have any choice specially to those who are just that depending on their day job. It is really just that too conclusive to say that traders are unemployed because there are traders who are profitable but still they are really that engaging with trading to have some side source of income on which they could really be having to add up aside from their day job salary on which this is really that indeed great.
Also, its not recommended too on making trading as your main source of income too because when it comes to market unpredictability then it could really be that resulting on having those huge loses on which it might result
on having that kind of effect into your way of living. Instead on quitting or resigning into your day job, then it will really be that best that you should be doing both things as long it could bring out that something
or in profits. Later on, you would really be needing to upgrade yourself on trying to make up some business or investment. Diversify as much as possible because it will really be that leading or making yourself to be that financially free if you do find yourself having multiple income sources on which it isnt really just that focusing into your day job salary alone but also in other things as well. Trading is really just that good for side income and on the moment that you are making good money with it then dont quit up your job because there's no assurance that it would last up. Trading skill isnt something that you cant be able to learn in a short time period
and you will really be needing up to learn it on a certain period of time and that wont really be so short.

[john_egbert]

Nowadays, there are still many people who only depend on 1 income, this is a big risk. i once met an active trader who i thought his income was 100% from trading but i was wrong, he made money from bonds and also dividends from the gold he saved and the results of trading if he made a big profit then he would use the money to increase his investment capital in bonds and gold, i admit that this person is really extraordinary in managing money, he maintains the liquidity of his money well and people like this are very rare.  So trading as a job is actually not a wrong view, it depends on how you look at it.

In a volatile space like trading - you always should be ready for uncertainties to poke you when they would harm you the most.
So no wonder the trader you met or spoke with is not putting everything on trading only: he knows his businesses and he sure won't be caught red-handed in it.
That's wonderful for him and for us to know.

[FortuneFollower]

With all the uncertainties, it's surprising if someone doesn't see the need for a second source of income. Diversifying our income can naturally increase our overall earnings. Relying on trading as your main income is risky and can be frustrating due to market conditions. Every trader experiences this. We need to set up passive income streams. For me, it helps me sleep better without much stress. By diversifying our income, we can achieve greater financial security and enjoy life more.

Agree with you on the points made - trading can be nervous as hell if you are not sure how you would be living your next day.
So, in order to avoid such a situation entirely - it is better to come up stocked for what can happen on the market.

[Akbarkoe]

With all the uncertainties, it's surprising if someone doesn't see the need for a second source of income. Diversifying our income can naturally increase our overall earnings. Relying on trading as your main income is risky and can be frustrating due to market conditions. Every trader experiences this. We need to set up passive income streams. For me, it helps me sleep better without much stress. By diversifying our income, we can achieve greater financial security and enjoy life more.

Agree with you on the points made - trading can be nervous as hell if you are not sure how you would be living your next day.
So, in order to avoid such a situation entirely - it is better to come up stocked for what can happen on the market.

I admit that silent in the fluctuating market will be very tense, it will still depend on how you take the position in the market, then the use of money and portfolio governance is also the time and analysis that is made, usually what I learn why we can stress a trade Because we do not have good mentality and knowledge in running a trade so that when there is a decline it will result in panic into us which makes us close the position so that it can be large loss.

And trading can be used as the main job in my opinion, with a note that has a good win rate in trade, which proves that you do not need other jobs, just by doing trade you can get abundant wealth, and the term unemployment is not there for people who can make money.

[Vadym IP]

Based on people I know, it's more like 50/50. Some traders are doing it as a full-time job. Some combine it with a regular job (not related to the crypto/blockchain field at all), and some combine trading with a crypto-related job. But I don't agree that full-time traders are unemployed. It's simply not true. Also, it should be mentioned that some traders can study beginners (I don't mean successful success or scams), I mean real facts and useful info. Can we call it beign employed, if they don't trade? I don't know 

If, let's say, one day I'll become a successful trader, I don't think I will quit my regular job... Not only because of filling safety, because I have something that 100% makes money, but also because I like it.

[hero_the_bossman]

Based on people I know, it's more like 50/50. Some traders are doing it as a full-time job. Some combine it with a regular job (not related to the crypto/blockchain field at all), and some combine trading with a crypto-related job. But I don't agree that full-time traders are unemployed. It's simply not true. Also, it should be mentioned that some traders can study beginners (I don't mean successful success or scams), I mean real facts and useful info. Can we call it beign employed, if they don't trade? I don't know 

If, let's say, one day I'll become a successful trader, I don't think I will quit my regular job... Not only because of filling safety, because I have something that 100% makes money, but also because I like it.

It's wise to keep your job that would bring you stability to have an option to trade a bit on the backstage.
I do think that's surely better than putting it all into trading itself.
I am happy that you have a job that makes you happy, truly, it's hard to find such a job.

[betswift]

With all the uncertainties, it's surprising if someone doesn't see the need for a second source of income. Diversifying our income can naturally increase our overall earnings. Relying on trading as your main income is risky and can be frustrating due to market conditions. Every trader experiences this. We need to set up passive income streams. For me, it helps me sleep better without much stress. By diversifying our income, we can achieve greater financial security and enjoy life more.

Agree with you on the points made - trading can be nervous as hell if you are not sure how you would be living your next day.
So, in order to avoid such a situation entirely - it is better to come up stocked for what can happen on the market.

I admit that silent in the fluctuating market will be very tense, it will still depend on how you take the position in the market, then the use of money and portfolio governance is also the time and analysis that is made, usually what I learn why we can stress a trade Because we do not have good mentality and knowledge in running a trade so that when there is a decline it will result in panic into us which makes us close the position so that it can be large loss.

And trading can be used as the main job in my opinion, with a note that has a good win rate in trade, which proves that you do not need other jobs, just by doing trade you can get abundant wealth, and the term unemployment is not there for people who can make money.

For trading to become the main source of income for someone- indeed, a good ratio is needed.
And I would say that a person would be safer if he had a backup plan of sorts - let's face it, sometimes things don't go the way we want them to.
Especially on the volatile markets like we have today due to the Bull knocking.

[EarnOnVictor]

There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.

However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.

this original topic comes from a local topic that I created
Read More: https://bitcointalk.org/index.php?topic=5464037.msg62727614#msg62727614

The issue with trading is that it's classified among the risky means of earning with no guaranty return, this is why it's not taken as seriously as it should be and it's quite understandable. You will hardly see a successful trader anywhere and many of the few who manage to be successful are not consistent in the long run. Should we now consider it as employment? No. Not even by virtue of employment meaning, this is what you run for yourself, so no one is employing you, but you're trying a passive income through it.

[fikrett]

There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.

However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.

this original topic comes from a local topic that I created
Read More: https://bitcointalk.org/index.php?topic=5464037.msg62727614#msg62727614

The issue with trading is that it's classified among the risky means of earning with no guaranty return, this is why it's not taken as seriously as it should be and it's quite understandable. You will hardly see a successful trader anywhere and many of the few who manage to be successful are not consistent in the long run. Should we now consider it as employment? No. Not even by virtue of employment meaning, this is what you run for yourself, so no one is employing you, but you're trying a passive income through it.

I agree.
It would rather be called self-employed, and even then - it's not stable, just like you said.
So, I wouldn't call it employment too.. Though people can call it by different names, the reality would remain the same.

[milewilda]

There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.

However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.

this original topic comes from a local topic that I created
Read More: https://bitcointalk.org/index.php?topic=5464037.msg62727614#msg62727614

The issue with trading is that it's classified among the risky means of earning with no guaranty return, this is why it's not taken as seriously as it should be and it's quite understandable. You will hardly see a successful trader anywhere and many of the few who manage to be successful are not consistent in the long run. Should we now consider it as employment? No. Not even by virtue of employment meaning, this is what you run for yourself, so no one is employing you, but you're trying a passive income through it.

Thats why its not really that recommended that you will be quitting your job on exchange with trading, there are some people who do become that profitable with trading but ending up on having that full time on which it isnt really that totally a bad decision if you do find yourself being profitable on it and something that you could be able to sustain. The main issue on here on just on what you have said that there's no guarantee that you could be able to make profit anytime on which market conditions will really be having its trend neither going bearish or bullish but if you are someone who could be able to make profit with the waves or whatever situations that you are really that dealing into then it will really be that up to you on how you will really be treating this up but for me quitting up your job is not ideal because market isnt always the same on which there are times that you can make money but there are moments that you cant be able to get or the worst you would be losing some money on which it is really one of the great risks on dealing up with unpredictable market.
It is really just that good for some extra income or source on where you could potentially get, there are some traders which are really that profitable and sustainable but this isnt a skill or condition that anyone could easily obtain or able to reach. This is why proper considerations before making up such decision whether you do go full time or just side line.

[tvplus006]

With all the uncertainties, it's surprising if someone doesn't see the need for a second source of income. Diversifying our income can naturally increase our overall earnings. Relying on trading as your main income is risky and can be frustrating due to market conditions. Every trader experiences this. We need to set up passive income streams. For me, it helps me sleep better without much stress. By diversifying our income, we can achieve greater financial security and enjoy life more.

If trading is your main source of income, then you are a professional trader. But most of the forum participants treat trade as an additional source of income, despite the fact that it may exceed the income received at the main place of work.

[passwordnow]

Agree with you on the points made - trading can be nervous as hell if you are not sure how you would be living your next day.

And that's why traders know how to fix their lives and have got something else before they do anything. It's right that it's a daily kind of living that anyone who does it and doesn't know what they're up to is living at that situation, with uncertainty.

So, in order to avoid such a situation entirely - it is better to come up stocked for what can happen on the market.

Analyze and decide for the better.
Many traders despite being good, they don't decide what's best for them. All they have is a good portfolio at the time they're trading but without having such discipline, they're problematic about profit taking. That's the main concern of many traders, they have to trade and get profit at the percentage that they're setting. If you don't have that, whether you're employed or unemployed, you should review the plan that you have before even doing it.

[shield132]

There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.

However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.

this original topic comes from a local topic that I created
Read More: https://bitcointalk.org/index.php?topic=5464037.msg62727614#msg62727614

Are you talking about whales? You can be an average guy with no source of income and call yourself a trader because you'll lose in active trading unless you are a whale. When you are a whale, you have connections and you have an influence on the market, so you won't lose. Your 1% profit per year can be enough to give you a very comfortable life for a year or more.

I think that the majority of traders are employed because many people trade with small amounts of money, that's not enough to financially support them but they try to increase their capital by trading. In such cases, it's better to be employed because making yourself dependent on trading income is very risky.
There are only a few whales that we can count.

[Fivestar4everMVP]

There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.

However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.

this original topic comes from a local topic that I created
Read More: https://bitcointalk.org/index.php?topic=5464037.msg62727614#msg62727614

Well said and absolutely right, even Central banks employ highly trained and professional traders to trade the forex market for them, this guys are heavily paid for their effort, service and time, and as well as level of experience.

Day trading is actually one of the hideous works out there, but also very profitable if you know what you are doing. Imagine waking up very early every day, and first, you have to go through the market media to see what is happening in and around the world as regards the market, whatever information you get from here will determine what your decisions will be as you enter the market to trade.
Whoever said this is not work should tell me what the meaning of the word "work" is.

Traders are self employed, and this is what I've always told people who cared to ask what I do for a living, I tell them I am self employed, and when and if they want a deeper explanation of what I do as a self employed person, I tell them I am a trader, crypto and fx trader.